With Q4 reports showing a shift toward a buyer’s market in the Boston area, now is the time to act if you’re considering purchasing a new home or an investment property. Not sure where to start? Here are three Boston neighborhoods that should be on your radar in 2020.
Two major life sciences developments are percolating in the slender Seaport neighbor. Construction could start this year on a life sciences campus of up to 650,000 square feet at much of the former would-be site of General Electric’s headquarters along Necco Street. And several acres of parking lot that once belonged to Gillette parent Procter & Gamble is slated to become another life sciences hub of up to 400,000 square feet. That same development is also due to include similar amounts of housing and conventional office space.
Since jobs in this industry tend to be high paying, there will undoubtedly be an influx of affluent home buyers and/or renters to the neighborhood as well. These factors up Fort Point’s status as a hot neighborhood for an investment or rental property as well as a primary residence.
I have covered East Boston in the past as an up and coming neighborhood and it will continue to evolve into 2020. The waterfront, in particular, has no shortage of new developments with Slip65, Slip45, and The Mark. There is also the anticipation of what will become of Suffolk Downs. Plans could include around 10,000 apartments and condos as well as office space for 25,000 workers and publicly accessible areas such as parks—an entire new neighborhood, in other words, just off the Blue Line.
As someone who calls this neighborhood home, I am especially passionate about the future of the South End and particularly some of the development projects coming in 2020. In the last 20 years, the South End has completely reinvented itself through the Ink Block community,
And the transformation isn’t over just yet with projects such as the Exchange South End, a 1.6 million-square-foot, four-building technology and life sciences hub carved from the recently demolished Boston Flower Exchange site; the three-building Smith apartment complex on East Dedham Street; and the Quinn combo condo and apartment on Harrison Avenue.
If you are interested in any of the neighborhoods featured, contact me and let’s get the conversation started!