Longwood Land for Sale

Reasons to Invest

Who wouldn’t want to invest in a neighborhood that has one of the most beautiful public green spaces in the country nestled next to a thriving medical community and the nation’s top colleges? Longwood, which is accessible via the MBTA light rail/subway system, has an incredibly vibrant array of civic amenities, and some of the best land deals in the area. This is partially because it remains one of Boston’s best kept real estate secrets. Typically overshadowed by its more famous adjacent neighbors, this community is primed to become a thriving new district in the next few years. Currently, the average purchase price for a condo in this area is $800 per square foot, while commercial properties average $520 a square foot.

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Those investors who want to buy in to what promises to be a rapidly expanding market should contact us for the best tips on where to buy, and who to buy from. After years of working within the neighborhood, we can offer our clients information on listings before they hit the market. We also have developed a service that enables us to send targeted messages about new properties and the status on existing ones to clients, helping them find exactly what they are looking for when they are looking for it. We believe that speed and professional service makes the difference between an average experience and an exceptional purchase.

Geographic Location

Located west of Fenway, north of Mission Hill, and northeast from Brookline, this sliver of urbanity is distinguished by its proximity to the Emerald Necklace, a gorgeous public green area, as well as a number of medical facilities and institutions. The proximity of the Charles River, although not technically in the bounds of the neighborhood, as well as all the other vibrant communities nearby, makes this a highly accessible and amenity-rich area.

Types of Potential Developments

Because this area already has a strong identity as both a beautiful place to live and a dynamic place to work, the best types of potential development are centered both in housing and specialized commercial projects. Single family homes are rare in this area, partly because the lots they used to occupy have found a higher and better use as condo developments. Many of the residential complexes in this area reflect the context of the neighborhood, which is to say that landscaping plays a vital role in the design. Instead of creating incredibly dense properties that have no relationship to their environment, most of the new developments here break up the units into clusters of two or three units separated by lush arrangements of shrubs, flowering plants, and trees. The facade that faces the street tends to be a mixture of large plate glass windows and brushed brick, creating a balance between transparency and solidity. The Riverway is iconic, and influences most of the successful complexes in this area. Designing without studying this area first would not be wise.

For investors intent on creating their own developments, the best possible strategy is to propose a mixed-use structure that features a boutique shop or series of shops on the ground floor, with residences occupying the upper floors. This type of development will encourage a vibrant street life without overwhelming the serene nature of the surrounding environment. It will also enable investors to make a handsome profit on their initial outlay, as the attention generated by the success of the pairing of retail and residences will make subsequent developments sell out much more quickly.

Investments in purely commercial ventures are also an excellent idea. Medical complexes, research facilities, and other institutionally-oriented structures currently dominate the area. The wise investor will either create a project that caters to this industry, or find a way to buy in to a proposed development. The relative size of the area makes it unlikely that another major industry will replace the current concentration of medical complexes. However, innovation, especially in real estate, is always welcome. As the number of residents grows, the need for restaurants and business spaces will naturally increase. Understanding how to anticipate this growth is key in choosing parcels of land to develop. The proximity of public transit is also a factor in selecting parcels. Those investors who want to create a dense, multi-story mixed-use project are advised to seek parcels of land that are as close to the transit stops as possible. This will provide a reliable supply of visitors, and allow for creative development schemes.

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Land for Sale