The Future Seaport District
Bostons Seaport District over the past year has received a great deal of media attention regarding the many ways this area of the city plans to build itself up as Bostons next attractive neighborhood. The location of the Seaport that perhaps has received the greatest amount of attention as of late has been the newly termed Innovation District. It was not long ago when we mentioned that Commonwealth Ventures is to build two hotels here, or that the Innovation Center was nearing completion, or that DivcoWest just purchased four buildings for $107 Million in the Innovation District. It all comes from the greater plan for the Seaport where upwards of 6,000 apartments are set to grace the currently developing location of Boston. Much of these will come within some of the forthcoming developments that we highlighted in yet another past blog.
Despite all of this building positivity of this up-and-coming destination, some factors to truly make it a thriving neighborhood for years to come are lacking. In order to fortify a 24/7 neighborhood, developers such as John Hynes, the CEO of Boston Global Investors, note that much more is needed. Our goal is to get the retail jumping, thats what lacking. Today, the Seaports demographic includes yuppies, singles, couples without children and empty nesters. But the gap is kids. The one demographic thats missing are the younger families. There is room here for a school.
While educational facilities will certainly aid in the draw of families to the area, retail spaces are already expected to get underway this year especially at Seaport Square. This 23-acre neighborhood will soon transcend from one of parking lots and empty lots to a place with first-class hotels, apartments and office buildings. The future outlook for the Seaport looks bright and by attracting other essential industries that make up a fully functional living neighborhood it will only serve the community well.
More Information: Boston Business Journal
