Identify Prime North End Development Opportunities with Boston City Properties
Thanks to Greater Boston’s ongoing economic boom, real estate development opportunities are more in demand across the region than ever. One place that is often overlooked, the North End, is poised to become yet another hotspot for residential and commercial development. If you’re looking for development opportunities in the North End, including lots and parcels available for development or redevelopment, now is a great time to take a look.
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Although the North End flies off many investors’ and developers’ radars, identifying the right opportunities is easier said than done. After all, it’s still the city of Boston, so its real estate markets are cutthroat and fast-paced. Therefore, if you are serious about finding development opportunities in this charming and historic neighborhood, you’ll want all the help you can get. Boston City Properties is more than equipped to provide it.
Reasons to Seek Out Development Opportunities in Boston’s North End
One of Boston’s smallest neighborhoods, the North End extends over an area of about 0.36 square miles on the Shawmut Peninsula. Best known for its residential makeup and excellent dining, the neighborhood also enjoys proximity to many prime commercial areas in Boston. Just across the Rose F. Kennedy Greenway from the North End, for example, are hotspots like Quincy Market, Bulfinch Triangle and Government Center.
The North End is also incredibly well-connected and conveniently accessible. The Charlestown Bridge connects the neighborhood to Charlestown, and the Sumner, Callahan and MBTA Blue Line tunnels connect it to East Boston. No MBTA stations are found in the neighborhood itself, but Orange, Blue and Green Line stops are short walks away at the Haymarket, Aquarium and North Station stations. Therefore, the North End is a terrific place for transit-oriented developments and many other development opportunities.
Commercial Development Opportunities
In addition to being a popular destination for Bostonians seeking fine dining – especially Italian fare – the North End tends to be on tourists’ and other visitors’ radars. As such, it is an excellent location for commercial developments – especially as outlying areas become more and more developed. Its proximity to places like Faneuil Hall and Boston Public Market makes it a natural location for restaurants, hotels, retail shops and full-fledged shopping centers.
With help from Boston City Properties, you can identify lots and parcels for sale along prime commercial corridors like North Washington Street, Hanover Street and Atlantic Avenue for development into hotels, mixed-use developments and more. Many commercial areas in the North End are also close to the waterfront, which boasts ferry services from Long Wharf to Logan International, Hull, Hingham, Charlestown and other destinations. Historically speaking, offices aren’t in high demand, but demand for them could be on the horizon as other areas become over-developed.
Residential Development Opportunities
If you’re interested in developing new multifamily housing or other types of residential real estate, the North End is a great place to consider. After all, the neighborhood historically has been overwhelmingly residential in nature, and strong demand remains for housing of all kinds. Lately, brick-and-beam condos and other trendy housing developments have been sprouting up around the neighborhood. A dearth of rental units means that new development in that area will be well-received by locals. The median sale price for homes in this neighborhood of around 10,000 is nearly double that of the Massachusetts average, and appreciation rates remain strong. Likewise, average rents are on the higher end of the scale for the region – and rents continue to increase steadily from year to year.
How Boston City Properties Can Help
When it comes to finding and making the most of development opportunities in Boston’s North End, going it alone is a wrong move. Connecting with BCP is the better way to go for countless reasons, including:
- On- and Off-Market Listings – We maintain one of the most useful online databases of searchable Boston real estate listings, and we’ll give you free, immediate access when you sign up through our website. In seconds, you can check availability for parcels and lots for sale that are suitable for development or redevelopment. More importantly, our team has access to off-market listings, and they can direct you toward opportunities that suit your needs.
- Area Knowledge and Insider Expertise - When navigating local submarkets in Boston for development opportunities, it’s crucial to know the area well. Our team has extensive insider knowledge of the neighborhood and its real estate markets, giving you a powerful tool for your investment and development arsenal.
- Experienced Brokers and Agents – Finally, Boston City Properties has connections with talented and experienced North End real estate brokers and agents who can help you identify and procure the best properties for development across the neighborhood. Since they know the ins and outs of the market well, they can direct you toward opportunities you’d otherwise never see and guide you through the process from beginning to end.
Find Developable Parcels for Sale for Projects of All Kinds
The North End has been developed and redeveloped countless times, and new opportunities arise frequently. With the help of our team, you can identify parcels for sale in this neighborhood with the proper zoning and other characteristics for whatever you have in mind. Whether you’re interested in developing multifamily housing, mixed-use developments, hotels or retail buildings, our experts can assist you in pinpointing the very best options.
Call Today for Access to North End Development Opportunities
There’s a lot of money to be made in real estate development across the city of Boston, and the North End is no exception. Still, big players tend to monopolize things, making it difficult for others to get in on the action. By connecting with Boston City Properties, you level the playing field, giving yourself a fighting chance of acquiring the property you need for whatever developments you have in mind. Don’t sell yourself short when looking for development opportunities in this charming Boston neighborhood. We’re ready to assist you whenever you are ready, so contact our team today for more information.