Real Estate News: Dorchester to See Transformations Surrounding MBTA Stations

IMG_3325The neighborhoods surrounding Dorchester’s MBTA stations are “on the cusp of transformation” according to the Boston Globe. New housing, shopping options, and broader economic growth are all of the buzz throughout these Dorchester neighborhoods.

Currently more than 275 apartments are under construction neighboring the JFK/UMass Red Line station and nearby on Mount Vernon Street another 184-unit building is in the works.

Growth does not stop there for Dorchester! At the next southbound stop, Savin Hill, there is a proposal for 375 new homes and a 60,000 square foot cluster of restaurants and stores. Between the Red Line and Fairmount Commuter Rail other apartments, stores, hotels and a 65,000 square foot cinema are being pitched. Lastly, at Ashmont Station another rental and retail building will be added in 2016.

“This is a huge opportunity,” said Richard Taylor, director of the Center for Real Estate at Suffolk University. “You get a lot of ripple effects from this kind of development. It increases residential density, you have more arts and entertainment, and it injects more income to support local retail.”

As a result of a historically strong market, developers are now able to finance large-scale projects in parts of the city that were once skipped over during prior building booms. The Boston Globe reported that, “Over the next few years, developers could add more than 1,400 homes near Dorchester transit stops, including two-bedroom condominiums priced under $450,000 and apartments renting for hundreds of dollars less than comparable units downtown.”

A few current projects under review by the Boston Redevelopment Authority include DotBlock, a 4-acre site which will include a mix of small-scale condos and larger apartment complexes. DotBlock is predicted to include up to 375 housing units, stores, restaurants and a parking garage projected to see construction early next year.


Meanwhile next to to the South Bay shopping complex (less than a half-mile from Andrew Station and adjacent to several bus lines as well as the Newmarket Station on the Fairmount Line) there has been a proposed 500 residences, along with a hotel, smaller stores, restaurants and a new cinema.

Other large projects include 278 apartments next to the JFK/UMass stop as well as an 84-unit condo and apartment building near Ashmont Station.

Source: Boston Globe

Sotheby’s News: Spring 2015’s ‘The Collection’ Magazine Released!

The Spring 2015  issue of the Gibson Sotheby’s International Realty ‘The Collection’ magazine was just released and is on it’s way to mailboxes all over the region!

Read about the opening of our new office, detailed market reports of Boston & Massachusetts and view our featured listings in the Spring 2015 Collection Magazine:

The Spring 2015 magazine is already an overwhelming success thanks to the great efforts put forth by the Gibson Sotheby’s International Realty Leadership Team, Marketing Team, participating businesses and all of the agents who now have their listings proudly and professionally advertised in the 10,000 circulating copies.

Please look to share this electronic version of the magazine with your sellers, buyers, sphere of influence and via your various social networks.

Contact us today for all your real estate needs by calling 844.667.6663 or visit our website: Gibson Sotheby’s International Realty for more information.

Sotheby’s International Realty News: Significant Sales – Volume 2, 2015

The latest issue of Significant Sales has been released and features top sales from around the world.  Here at Gibson Sotheby’s International Realty we are pleased to announce that our very own, Will Montero’s sale of 130 Commonwealth Avenue has made this issue!

Beginning with a captivating penthouse in New York, also featured are ocean views in Florida, an inviting estate in Colorado and more than twenty other properties from around the globe.

New York

$55,559,392 USD | New York, USA | Sotheby’s International Realty-East Side Manhattan Brokerage

New York – This home is located on a full floor in the tower of Manhattan’s tallest residential building high over Central Park. It has exceptional personal service from Park Hyatt’s new five-star flagship hotel available to all owners. One57 is surrounded by the city’s best restaurants, shopping, entertainment and cultural offerings of Lincoln Center, Carnegie Hall and Broadway.


$19,000,000 USD | Florida, USA | Nestler Poletto Sotheby’s International Realty

Florida – This property is ideally located in the renowned Estate Section of Delray Beach, just seconds to the famed Atlantic Avenue, north of Boca Raton’s Mizner Park and south of Palm Beach Island’s Worth Avenue. The home sits on one of South Florida’s best land parcels with incredible privacy, great elevation, stunning ocean views and one of the deepest oceanfront parcels the South Florida coastline has to offer. It features six full bedrooms, seven full and three half baths and 16,000 square feet. It was designed by Affiniti Architects with Marc Michaels interiors and built by Mark Timothy Homes.


$15,100,000 USD | Colorado, USA | Aspen Snowmass Sotheby’s International Realty

Colorado – A truly unique offering, this spectacular home is just a few blocks from Aspen’s core, yet it is situated with end of the road privacy and peaceful outdoor space. The combination of size, luxury and location are rarely seen in this market. There are six en suite bedrooms, plus an office, gym and media room.


$15,000,000 | California, USA | Sotheby’s International Realty-Montecito-Upper Village Road Brokerage

California – One of Montecito’s premier properties is perfectly situated on prestigious Picacho Lane. South facing terraces look over lush gardens to ocean and island views. This architectural masterpiece is unparalleled for its luxury, amenities and attention to detail. The approximately 3.5-acre estate is graced with two private water wells, a two-bedroom guest house, pool house, staff quarters and a north south tennis court


$14,750,000 | Bermuda | Rego Sotheby’s International Realty

Bermuda – This expansive estate was beautifully designed and built in 1992 for the enjoyment of a large family. Every detail of the property has been carefully crafted with high end materials and work- manship designed with a fine sensitivity to traditional Bermuda features. The main house includes four spacious bedrooms all en-suite, a large formal living room, informal living room/movie room with wet bar, dining room and library all with fireplaces, an office wing, a conservatory, two wine cellars, elevators and a two-bedroom staff apartment. The grounds are magnificent with a beach pavilion, two-bedroom guest cottage, separate gym, pool, tennis court and putting green, as well as access to Grape Bay Beach.

Significant Sales was designed to be a powerful tool in local marketing for listing distinctive properties as it showcases the global reach and power of our broad network.

Click here for the full issue of the Volume 2 2015 Significant Sales.


Featured Properties: Inspiring Homes Have Views as Expansive as Your Vision


6 and 7 Mount Vernon Place rest in a truly unmatched Beacon Hill location.

Gibson Sotheby’s International Realty introduces a one-of-a-kind opportunity to complete a five story Greek Revival Single Family home. Located in one of Boston’s most desirable neighborhoods of Beacon Hill, 6 and 7 Mount Vernon Place are two residences that have the potential to be your historic dream home.

In the 1830’s both 6 and 7 Mount Vernon Place were built as single family brick residences with flat facades and traditional brownstone sills. Later in their history they were purchased by the Unitarian Church and used as a meeting house and Bed and Breakfast. Today in 2015 the opportunity awaits where you are able to purchase either home in shell condition and customize the living space to your liking.

The current developer of both 6 and 7 Mount Vernon Place has secured permitting for completion of all exterior work including new windows, restored shutters, repointing, roofing, and new electric, water and sewer utilities for the potential new owners of these historic gems.

6 and 7 Mount Vernon Place both have an approximate living area of 7,500 +/- square feet and are being offered as potential six bedroom, six full and three half bathroom homes.

Well thought suggested layouts that maximize potential have been proposed. Below you will see two sample suggested floor plans.

Roof RND (2)

Roof RND (2)

Rendering are courtesy of CBT and are for representation only. Actual product may vary. Floor plans are preliminary. All layouts are subject to change and all measurements are approximate and subject to normal construction variances and tolerances.

Each home will benefit from an underground shared garage with an adjacent project from the same developer at 25 Beacon as well as an assigned outdoor parking spot in front of the house.

6 and 7 Mount Vernon Place are exclusively listed by Beth Dickerson of Gibson Sotheby’s International Realty. Email or call 617.510.8565 for more information about this rare opportunity.

Gibson Sotheby’s International Realty Welcomes Group of Top Producers to Their Newly Opened Cambridge Office

Gibson Sotheby’s International Realty today announced that they have officially opened their newest office in Cambridge, Massachusetts and have successfully recruited some of the area’s finest talent.

Larry Rideout, Chief Executive Officer of the firm shared, “It is a true testament to the internationally renowned brand along with our local efforts at Gibson Sotheby’s International Realty that we owe our success. We are extremely pleased to have attracted such a talented group that want to align themselves with our innovative and collaborative team.”

The group of agents that have joined Gibson Sotheby’s International Realty are complete with numerous years of expertise and experience. Among them are….

Cambridge Agents

From left to right – Lauren Holleran, Dino Confalone, Anne Fantasia and Helene Munson

Lauren Holleran – Lauren is consistently a top producer in the Cambridge marketplace and has joined Gibson Sotheby’s International Realty along with her team member Evelyn Tilney. Lauren’s deep local knowledge and years of experience allows her to provide clients with services that are second to none. Lauren has served on the Board of Directors at the Cambridge Center for Adult Education.

Dino Confalone – Dino joins Gibson Sotheby’s International Realty with over two decades of real estate and business management experience. He is very well-regarded in the market for his services provided when buying or selling a home. Dino is a volunteer on the Cambridge Board of Realtors and is on the Greater Boston Association of Realtors® Global Task Force Team.

Anne Fantasia – With over 10 years of experience and a background in interior design, Anne is very well-known throughout the Cambridge market place. She strives to provide clients with exceptional service based on education, honesty, accessibility, professionalism and patience. It is on these principles that she has built her team—Dawn Felicani, Buyer Specialist and Jennifer Fantasia, Executive Assistant.

Helene Munson – Raised in Germany, Brazil and Liberia, Helene brings a multi-cultural background to Gibson Sotheby’s International Realty having lived in numerous countries over the years. Helene specializes in helping those moving from overseas and considers herself to be a service professional assisting clients with buying, selling or renting a home.

In addition to these sales professionals we have also added a number of talented rental agents to our Cambridge Division including Alberto Ovalle, Kevin Sullivan and John Bubeck.

Going forward Mr. Rideout stated, “We welcome each of these talented individuals to our team and look forward to furthering their success. We are so fortunate to be backed by our own in-house marketing team of five dedicated professionals, a Relocation Department, a Rental Department and more who are all steadfastly working with myself and my partner, President Paul McGann on acclimating each to our supportive team that works closely together.”

“As the number one independently owned Boston-based firm for total sales volume in 2014, we are confident that our spectacular marketing and referral opportunities will expose the luxury Cambridge market to a global buying populace like never before,” said McGann. It is this exceptional level of support both for their agents and clients that set Gibson Sotheby’s International Realty apart from the competition.

About Gibson Sotheby’s International Realty:
Gibson Sotheby’s International Realty is Boston’s largest independent real estate company. Founded in 1962 by Betty Gibson in Boston’s South End, the firm has several offices in the Downtown, Cambridge and Greater Boston area. The international network of more than 760 offices in 60 countries and territories, and the relationship with Sotheby’s auction house, as well as comprehensive online and print advertising in high profile venues, provides remarkable exposure for each home. The success led to Gibson Sotheby’s International Realty being the top-ranked Boston-based firm in the state for 2013 (source: MLS).

Real Estate News: 4th Annual State of the Seaport

This year’s 4th Annual State of the Seaport hosted by Bisnow Events once again featured an All-Star Panelists. An overview of the topics were the millions of square feet of new development and renovations that are currently underway and completed in the Seaport District. On top of the millions of square feet underway, the Seaport is expected to see even more growth this year.

The expert panel was made up of John Hynes – CEO of Boston Global Investors, Vivien Li – President of the Boston Harbor Association, Samuel Schaefer – Managing Director of Tishman Speyer, John Drew – President of the Drew Company, Fred Kramer – Vice President of ADD Inc. who is now with Stantec, Dick Marks – Executive Vice President of WS Development, Heather Boujoulian – Senior Vice President of the Berkshire Group and Richard Dimino – President and CEO of A Better City.

This all-star panel answered questions relating to the Seaportmarket such as: Are vacancies stabilizing, will rent growth resume, what does the market hold in store for major projects in the pipeline, how will transportation challenges affect the performance of Seaport real estate and is it a neighborhood yet?

The overall consensus of the panel was that the Seaport District is emerging quickly coming together in bits and pieces. In the next few years the Seaport is expected to see massive growth not only in developments but people trips, pedestrians, bikers, and a 64% increase of those using public transportation.

The question is….can the city handle this amount growth in such a short amount of time? The answer is yes; the Seaport continues to revolutionize and 17 million square feet is proposed for future development. In regards to transportation, one major asset is access to the water and the Silver line. Which will both see expansions made. As Dick Marks stated, “It is like looking at a painting that is half done.” The Seaport is very hard to judge as it is amidst this massive building boom.

In 1997 there was a thousand acres of empty land and in recent years a quiet preserve of parking lots. On top of being a hot spot for tourists and vistors, now those acres are full of and planned to be new offices, housing, hotels, parks and cultural amenities. It is safe to say that the Seaport District truly has outpaced most cities/towns for development in all of Massachusetts.

The beauty of Boston is held both in the architecture and atmosphere created. The Seaport is only predicted to become a better place to live and work delivering what some may call a Back Bay experience. Although grocery stores and drug stores may not be considered “sexy,” they are necessities along with entertainment, great apparel and specialty stores which are high on the list of what consumers want to see in the area.

On another note, in the Seaport District, buildings cannot exceed 250 feet due to the close proximity to Logan Airport. This being said the ground plan is super important to sustain and grow. 35% of the area is green space, landscapes and parks creating an enjoyable environment for all.

The real estate market is said to continue to be strong over the years as there is no “title wave” of consumers; rather they are coming individually. Fred Kramer said they will continue to create flexible loving units whether it be a luxury rental or condominium for sale. The Seaport consists of both young professionals and empty nesters. The demographics are constantly changing and so options will continue to change.

Each panelist confirmed that they were confident in changes to be made in the future of the Seaport. The plan is to sustain growth keeping a healthy balance and ultimately building to function. Boston is a world leader in culture and innovation constantly on top of the agenda of things to discuss.

What is next you may ask for areas of development? According to the panel not only is the Seaport going to see extensive growth but “the Ring of Public Transit” is truly up and coming!



Real Estate News: Middlesex County Dominates Charts in March

According to the Massachusetts Association of Realtors ® Report the Middlesex county dominated the March charts for percent increase of closed sales and median sales price growth.

Littleton and Everett took the first and second spots in closed home sales for percentage increase. Charlton, Sudbury, Ipswich and Westfield filled the last 4 spots tying with a +100.0% increase. The complete Top Ten list for Percent Closed Sales is below:

Closed Sales            Percent Increase
1. Littleton                   +333.3%
2. Everett                     +225.0%
3. Douglas                   +200.0%
4. Norwell                    +120.0%
4. Dudley                     +120.0%
5. Franklin                   +111.1%
6. Charlton                  +100.0%
6. Sudbury                  +100.0%
6. Ipswich                   +100.0%
6. Westfield                +100.0%

Malden had the highest year-over-year median price increase with homes there closing at a median of $414,000. The complete Top Ten list for Median Sales Price Growth is below:

  Median                 Median            Percent
Sales Price               Price              Increase
1. Malden              $414,000           + 50.5%
2. Westford           $467,450           + 43.8%
3. Wilmington       $520,000           + 36.8%
4. Chatham           $825,000            + 34.1%
5. Wellesley          $1,400,000         + 34.0%
6. Randolph         $304,000            + 33.6%
7. Woburn            $425,000            + 30.0%
8. Hingham          $909,500            + 32.8%
9. Reading           $550,625             + 31.9%
10. Dracut           $430,000            +31.5%

*A minimum of ten homes must have been sold in each town during March 2015 to make this list.

All data used in the rankings is compiled from the Berkshire County Multiple Listing Service, Cape Cod & Islands Association of REALTORS®, Inc. and MLS Property Information Network, Inc.

Source: The MAR Report