apartments planned for the Audubon Circle neighborhood near Fenway
Park
Every corner of Boston is realizing quite the growth
pattern in the real estate industry in a variety of ways. From
rising prices to an increased volume of sales, decreased average
days on the market and more, much is to be optimistic about as the
industry pushes forward into 2014. Another strong factor in the
business is the drastic increase in development in the form of new
retail, residential, hotel, and commercial spaces that have been
rapidly breaking ground throughout the Hub. From the Seaport
District, to Bostons Downtown, to the Back Bay, South End, and more,
there is much activity that is slowly alleviating any worries of
the lack of available inventory prolonging. Now, yet another
project has just got underway, a new apartment facility on Miner
Street in the Audubon Circle in the Fenway neighborhood.
Known as Fenway Diamond Apartments at 9 Miner Street,
the Boston Redevelopment Authority just approved the development of
this property during the Fall of 2013. What it will entail is the
construction of a 5-story, 47,164 square foot building that will
hold 49 luxury apartments all adjacent to the Green Lines D
rail.
This marvelous location has remained vacant for years as an
array of developers were unable to make a proposal a reality,
especially given the previously more troubling economic times. That
coupled with the fact that the property has changed overship four
times in the last twenty years. Now, this project, which should be
completed in the near future, is located near another substantial
development, the soon-to-be-built Fenway Center. This $500 Million
mixed-use development by John Rosenthal will see five buildings
constructed including a 27-story office tower, 500 apartments,
150,000 square feet of retail space, and an additional 1,000
parking spaces. Indeed, the Fenway neighborhood will soon be
something far more fresh and energetic. Its heightened
attractiveness will pave the way for far more businesses and
investment coming to the area going forward.
More Information: Boston Business
Journal