Neighborhood Snapshot: Seaport District

The Seaport District: Boston’s fastest growing neighborhood. In the last decade, the area has transformed from a no-man’s land of parking lots and abandoned warehouses to a thriving residential and commercial neighborhood. It even has a grocery store now thanks to the newly opened Trader Joe’s. Proving it’s not at the top of the arc just yet, there are currently 16 projects either board approved or under construction. Let’s take a look at the some of the most exciting developments in the Seaport.

Developments to Watch

The Echelon

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Slated for completion in 2020, the Echelon Seaport, will consist of 733 condos and apartments.  Amenities will include indoor and outdoor pools, full-service fitness center, 24/7 doorman, valet, multiple common outdoor spaces, ground level retail and restaurants. Echelon Seaport is located within walking distance of all of the Seaport’s restaurants including Ocean Prime SteakhouseLola 42Strega WaterfrontTuscan KitchenScorpion BarMastros Ocean ClubDel Friscos and Legal Harborside. Echelon Seaport is also next to multiple entertainment and nightlife venues including The GrandKings and Showplace Icon Cinemas.

Pier 4

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Move in today! Located at the site of the iconic Anthony’s Pier 4 Restaurant, Pier 4 Boston houses 106 ultra luxury residential units with private outdoor spaces and top of the line finishes. Building amenities include garage parking, personal concierge services, fitness center, pet-friendly facilities including The Dog Spa, on-site dog washing room, and a private lounge with terrace overlooking the water – perfect for entertaining guests or enjoying the perfect night in.

St. Regis Residences

St. Regis Residences
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Opening anticipated in 2021, The St. Regis Residences promises to be one of the most luxurious, full service residential developments in all of Boston in a boutique-like setting. Designed by Elkus Manfredi Architects and built by Cronin Development. The St. Regis Condominiums will sit directly on the water, with city and harbor views. The property will feature approximately 114 condominiums on 22 floors, Health Club, library, swimming pool and spa.  Many units will feature private outdoor spaces, floor to ceiling windows, state of the art kitchens, top of the line bathrooms and hardwood flooring. Butler personal service is touted as one of the standout features in addition to the setting and amenities.

Market Snapshot

With the influx of new developments in the neighborhood, prices have skyrocketed making it one of the most expensive neighborhoods in Boston. Here’s a quick snapshot from Q3 on the state of the market in the Seaport District.

Median Price: $2,199,878
Median Price Per Square Foot (PPSF): $1,694

The median price is up 102.3% YoY and the median PPSF is up 48.9%, predominantly a reflection of closings at 300 Pier 4. With new construction booming and no signs of slowing down, it will be interesting to watch and see where the neighborhood grows from here.

Source: Compass

Click the photo below for a collection of available properties in the Seaport District.

Image via Compass