Another majestic project is slated for Greater Boston with the news that Bostons South Station is set to undergo quite transformation. A 1.87 million square foot modern glass tower will soar above the area and will forever be known as a truly iconic skyscraper for the city.
A recent trend among developers is to incorporate far more condominiums in their projects than what was initially intended. With the lack of housing inventory currently available throughout the Hub, the still peak level of demand is causing properties to sell at asking price or in many circumstances, above it. This, coupled with the reduced average days on the market, has made building condominiums quite attractive for developers who can have confidence in the high likelihood all of these condominiums selling. With all of this in mind, Houston-based developers, Hines, have now released that their latest plans will see not just 190-hotel rooms and a great deal of office space, but also 155 residential units be housed in the tower.
Rising 49 stories, almost as tall as the 52-story Prudential Center, the only thing left to determine is when the actual project will break ground. The Hines website reports that, While market demand will dictate the timing of construction commencement, South Station is destined to become a future landmark in Boston. Well, it seems as though the market has shown its cards and that building today would be a very wise decision towards establishing an even better tomorrow for this area of Boston.
More Information: Boston Curbed