District
Bostons Seaport District over the past year has
received a great deal of media attention regarding the many ways
this area of the city plans to build itself up as Bostons next
attractive neighborhood. The location of the Seaport that perhaps
has received the greatest amount of attention as of late has been
the newly termed Innovation District. It was not long ago when we
mentioned that Commonwealth Ventures is
to build two hotels here, or that the Innovation Center was
nearing completion, or that DivcoWest just purchased four buildings for $107
Million in the Innovation District. It all comes from the
greater plan for the Seaport where upwards of 6,000 apartments are
set to grace the currently developing location of Boston. Much of
these will come within some of the forthcoming developments that we
highlighted in yet another past
blog.
Despite all of this building positivity of this up-and-coming
destination, some factors to truly make it a thriving neighborhood
for years to come are lacking. In order to fortify a 24/7
neighborhood, developers such as John Hynes, the CEO of Boston
Global Investors, note that much more is needed. Our goal is to get
the retail jumping, thats what lacking. Today, the Seaports
demographic includes yuppies, singles, couples without children and
empty nesters. But the gap is kids. The one demographic thats
missing are the younger families. There is room here for a
school.
While educational facilities will certainly aid in the draw of
families to the area, retail spaces are already expected to get
underway this year especially at Seaport Square. This 23-acre
neighborhood will soon transcend from one of parking lots and empty
lots to a place with first-class hotels, apartments and office
buildings. The future outlook for the Seaport looks bright and by
attracting other essential industries that make up a fully
functional living neighborhood it will only serve the community
well.
More Information: Boston Business
Journal