Westbrook Partners has arrangements to construct a 17 story, 250 suite hotel in Chinatown, and will be filing its proposal to the city officials. The hotel project would be 181 ft. high at 79 Essex St., a 8,095 sq. ft. corner space at the cross-section of Essex and Oxford boulevards that right now is home to a warehouse and office building.
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Suffolk Construction (the biggest general contracting firm in Massachusetts) is preparing for a $22 million expansion of its headquarters in Roxbury to accommodate its projected growth by 10% in headcount.
Beacon Hill is a prominent attraction for tourists visiting Boston. The Greek Revival architecture, Cobblestone Streets, Boston Commons and the Public Garden are all located within a walking distance and nobody wants to miss out on these attractions. But a complete tour of the Beacon Hill area could easily take up a whole day. To … Continue reading Important Things To See In Beacon Hill
Here are some proposals from 6 developers who are competing to redevelop the Winthrop Sq. area (a humungous garage in the Financial District of Boston). Proposal No. 1: Accordia Partners: Proposed a 725-ft, 57-story tower spreading over 768,600 ft. The tower would incorporate 188 apartment units, a hotel with 280 rooms, a black box theatre with 175 seats, … Continue reading Six great propositions for Boston’s Winthrop Square
While many understand that home ownership rates are at a low, Boston.com found that at its current rate of 63.7%, home ownership is at its lowest number since 1993. Furthermore, the GenX percentage of ownership, that is, those born after the baby boomer era, is even lower, at 58%. To find this number of home … Continue reading Homeownership Levels Approaching Historical Levels
As many know, landscaping can be a sound investment into one’s property. While it not only provides personal pride and satisfaction attributed to a home, it can also increase the value of one’s property. With landscaping becoming more and more of a prominent aspect to one’s estate, it can also cost more than one would … Continue reading Home Landscaping and What You Can Get for Your Money
A new survey released by the NAHB reports the escalating shortages of labor and subcontractors, as according to single-family home builders. While 69% of builders reported a shortage of contractors willing or able to do rough carpentry, 50% of builders reported a shortage of framing crews and finished carpenters, and 40% reported a shortage … Continue reading Report States Largest Shortage of Labor and Subcontractors in 15 Years
If you're like me, you're sitting at your office dreaming of getting away to a tropical island, dipping your toes into the sand, and breathing in the salt water aroma of the ocean. While many of us do enjoy the beach in the summer, who says you can't permanently live in a tropical island of … Continue reading Everyone’s Dream: Buying an Island in Paradise
HVAC systems: every home has one, yet no one thinks about it until there lies a problem. With HVAC bills appearing to be more and more expensive these days, it's important to ask necessary questions ahead of time until your HVAC system has a serious problem and a serious bill. Yes, HVAC systems typically exist … Continue reading Yes, You Should Care about Your HVAC System (Here’s Why):
While it appears to be just a short time ago that the American 1% were opting for 10,000 square foot homes, one-upping their friends, and seeking as much acreage as possible, the tides are visibly changing. In a report by Bloomberg Business, it accounts the rapidly declining demand for large properties in Greenwich, with buyers … Continue reading “Downsizing:” Why Buyers are Opting for Luxury Rentals
It's only been about two years since the term "smart-home" has been invented, but now more than ever has it become common, and even somewhat mainstream for new homes on the market to be labeled as such. But what is it about smart-homes that are so popular with buyers? Will this trend last? My … Continue reading Smart Homes: Why They’re a Trend That Will Last
Continuing the Whole Foods/Trader Joe's Debate... While the rivalry between the two organic grocery store chains has been a reoccurring theme this summer, with individuals comparing food quality, food prices, customer service, etc., we decided to account how these two grocery magnates affect the real estate estate industry. The results weren't what I expected. Although Trader Joe's … Continue reading Whole Foods vs Trader Joes: Which One Increases Your Home Value More?
Jim Lowenstern 