Albeit smaller projects, and slowly, downtown Boston is still seeing the addition of residential condo inventory through new construction and redevelopment. The Boston W was the last large-scale project to receive financing for construction, and while there has not been additional large-scale projects green-lighted for development in Boston pre-dating the recession, small-scale development is happening across various neighborhoods of downtown Boston. Two examples include a South End redevelopment at 655 Tremont Street, and a new construction on an empty parking lot at the corner of Clarendon and Lawrence.
South End 655 Tremont Street
At the northwest corner of Tremont Street and W Brookline Street in the South End, 655 Tremont is a 10-unit redevelopment of an existing mixed-use building. Construction began in 2009, and currently, one unit in the development has sold, and another is under agreement (according to MLSpin).
The development has pushed eco-friendly construction with eucalyptus floors throughout. The units and building boast generous closets, deeded storage, a bike room, and a common roof deck. Prices for the 1 bedroom 1 bathroom, 1 bedroom 1.5 bathroom, and 2 bedroom 1.5 bathroom units range from $424,900 – $779,900.
Clarendon / Lawrence Parking Lot Development
Several blocks away from 655 Tremont Street, at the southeast corner of Clarendon and Lawrence Streets in the South End, a developer has taken a former parking lot, and is moving forward with a new construction building. Such a project is reminiscent of 40 Worcester Street, also an empty South End corner lot until 2009 when a brand new 3-unit rowhouse was erected to fill the space.
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