Development
There are so many areas in Boston today that truly are
defined by cranes. With so much development coming in the form of
commercial spaces, residential units, and more, it seems inevitable
for certain areas to have more potential than others. One of these
areas that has received the greatest amount of attention has been
the Seaport District.
This area, along with somewhere like South Boston and East Boston all are
or soon will undergo massive facelifts as investment in these
neighborhoods futures continues to manifest themselves.
Well, if there were to truly be a new it neighborhood
of Boston, one of the other places certainly worth considering to
claim that title would be none other than Brighton. One of the
strongest reasons for such notoriety for Brighton is due to
the massive investment coming to the neighborhood for the mammoth
Boston Landing development that has just broken ground within the
past month. This initiative will see a 250,000 square foot
headquarters for New Balance erected, in addition to a 345,000
square foot sports complex which will also include an NHL
regulation arena.
As it turns out, we already shared a write-up
regarding this New Balance project, however did not mention
that Boston Landing will also include a 175 room hotel and 650,000
square feet for office space. In addition, the three buildings in
this approved proposal will have 1,750 much needed parking spaces
and to go with that 65,000 additional square feet for retail.
Finally, a new commuter rail stop will also soon call Boston
Landing home.
So what else is planned for Brighton? A
three-building, 60-unit mixed-use project at the corner of
Washington and Parsons Streets, a five-story 92-unit development
with a hotel that will see Circle Cinema redeveloped, 375 Market
Street which will be a luxury rental building for two and three
bedroom units, and even Harvards 10 million square foot expansion
in Brighton, to name a
few. As a result, not only will far more jobs become available in
Brighton due to all
of the construction, but the population and continued job creation
will both rise due to all of the new first-class residential and
working spaces that will soon be completed. Regardless as to where
you insist that the next it neighborhood of Boston truly is, the
overwhelming sentiment from everyone is that Boston as a whole is
triumphantly headed in the right direction for our economy and real
estate industry; and with authority.
More Information: Boston Curbed