Real Estate News

The latest news about the residential real estate market in Boston and the surrounding areas

High Rise Boom in Boston Attracting New Residents

The high rise boom in Boston is bringing with it beautiful, new designer condos, complete with luxury amenities aimed at attracting young professionals to the city.

The development of these¬†‘designer high rises’ aim to promote Boston as a bigger and more international city, according to the Wall Street Journal.

Between 2010 and 2014, Boston’s population grew by 6%, which was twice the national rate, according to government statistics. They have also predicted that there will be as many as 90,000 new residents over the next 14 years.

The new buildings are a popular prospect for young professionals, especially those involved in Boston’s growing biotech and pharmaceutical industries.

With an expansion of international flight service to overseas destinations and a growing international community within the city, the market interested in these developments has grown.

The stylish new apartments all offer their own array of amenities, including 24-hour concierge, pet spas, bike garages and rooftop getaways.

Since 2013, there has been around 13 million feet of construction going on at one time, which shows just how much development has been taking place across the city, much of it residential.

The new residential towers are more than just your average high rise, offering their residents a whole lifestyle package, with places to play, work and grow a community.

Pierce Boston with Sky Cabanas

One of the most iconic new developments, Pierce Boston, has started offering residents the chance to own their own private roof cabana, alongside a public rooftop area open to all residents.

Another iconic new development, Millennium Tower, has already sold 95% of the tower’s 442 condos.

With premium condo prices rising well above those of single-family homes, some long time residents feel the new developments are out of place amongst Boston’s historical features. However, the building boom shows no sign of slowing down for now.

View all of the new luxury developments here.

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