Tower
Another majestic project is slated for Greater Boston
with the news that Bostons South Station is set to undergo quite
transformation. A 1.87 million square foot modern glass tower will
soar above the area and will forever be known as a truly iconic
skyscraper for the city.
A recent trend among developers is to incorporate far
more condominiums in their projects than what was initially
intended. With the lack of housing inventory currently available
throughout the Hub, the still peak level of demand is causing
properties to sell at asking price or in many circumstances, above
it. This, coupled with the reduced average days on the market, has
made building condominiums quite attractive for developers who can
have confidence in the high likelihood all of these condominiums
selling. With all of this in mind, Houston-based developers, Hines,
have now released that their latest plans will see not just
190-hotel rooms and a great deal of office space, but also 155
residential units be housed in the tower.
Rising 49 stories, almost as tall as the 52-story Prudential
Center, the only thing left to determine is when the actual project
will break ground. The Hines website reports that, While market
demand will dictate the timing of construction commencement, South
Station is destined to become a future landmark in Boston. Well, it
seems as though the market has shown its cards and that building
today would be a very wise decision towards establishing an even
better tomorrow for this area of Boston.
More Information: Boston Curbed