Councilor Bill Linehan and State Senator Linda Dorcena Forry, cut
the ribbon at Waterside Place
Were going to have to get used to news like this.
Yesterday marked the grand opening of a beautiful tower in Bostons
Seaport District known as Waterside Place. With so much development
currently underway in this bustling area of the Hub, and still so
much that is waiting to break ground, the next few years will see
countless ribbon cutting ceremonies take place.
Waterside Place, a 236-unit luxury apartment building,
is located on Congress Street and has upwards of 350,000 square
feet on roughly three acres at the intersection of Summer Street, D
Street, and the aforementioned Congress Street. On hand yesterday
was Mayor Walsh, a former construction worker who many years ago
was formerly employed to help build the beginning of the
transformation in the Seaport District that we are now beginning to
realize.
The Mayor praised the developer, John Drew, who
believed in the potential of the Seaport District many years ago,
even when it was nothing more than a rail yard. Mayor Walsh
reminisced about his early experiences in the Seaport yesterday by
sharing that, I was bent over for eight straight hours, recalled
Walsh, who said his father dropped him off on one job at 7 a.m.
every morning and his primary task was to remove Styrofoam to allow
concrete to be poured. When I got home, I couldnt move and learned
quickly that while I wanted to be a laborer, my vision was to do
something else.
Already 8% of the units at Waterside Place have been leased,
representing 20 of the units. As a luxury building, the rents that
are being achieved here are comparable to many other luxury
projects in the area and in Downtown Boston including 315 on A, the
Kensington, and The Victor. On average, Waterside Place is seeing
rents for a 486 square foot one-bedroom unit rent from $2,775/month
and upwards. For a two-bedroom, units of 1,329 square feet are
achieving $4,082/month, while the three bedrooms of 1,329 square
feet are starting at $5,690/month. The life of luxury has
undoubtedly found its way to Bostons Seaport District. As the
months go by, the area will only continue to grow taller both in
scale and reputation as further investment and maturity of the
landscape help redefine this hotspot in the Hub.
More Information: Boston Business
Journal