Some ideas Mayor Michelle Wu pitched in her State of the City speech could help make up for planned hikes in development fees. But her proposals will take time to implement, something Boston doesn’t have. It’s time the mayor invites industry into the affordability conversation to help find immediate solutions.
Boston Mayor Michelle Wu’s pledge to “streamline” the development approval process is a familiar one for anyone tracking Boston’s real estate scene. Will this time be any more successful than her four predecessors’ efforts?
AKROS Development’s 105-unit multifamily project at 102 Temple St. in Worcester will include a pocket park, retail space and outdoor seating while buffering the Canal District from Interstate 290.
An online dashboard that tracks up-to-date totals of income-restricted units in each community would provide a more accurate picture of Massachusetts’ housing market
As MassDevelopment looks to more aggressively embrace and utilize our land banking authority across Massachusetts for the benefit of residents and businesses, recent projects in Gateway Cities demonstrate our ability to reposition challenging properties.
Having good relationships with colleagues is key to building a rewarding and effective work experience. To succeed today, both employees and leaders must understand what each group is seeking to achieve and how they can benefit from the changing workplace.
Over the course of the past decade, as pricing has increased throughout Greater Boston, developers have turned their attention to Massachusetts’ Gateway Cities and their wealth of developable land as well as redevelopment opportunities. And our increasingly hybrid world has made these sites even more attractive.
Gov. Maura Healey understands the serious, long-term threats the housing crisis poses to Massachusetts. But as she looks to go even further than her current pledges, there are three policy ideas that will make the crisis worse, and which she should avoid.
Sadly, the proponents of rent control insist upon unearthing a long-buried corpse, only to put lipstick on it in the name of “innovation.”
Adapting an idle building into housing, commercial space or a community center maximizes the value of an existing asset, reduces carbon emissions and can effectively help address the shortage of affordable housing.
A major industrial investment in a Gateway City north of Boston could come undone thanks to economic disruptions and a dispute between a major multinational company and state power regulators.
Many of the nation’s largest real estate firms still do not publish the share of the commission paid to agents who work with homebuyers, leaving buyers to fend for themselves.
If the key to getting this market unstuck is convincing more sellers that they can confidently list their homes without fear of being unable to find a new place to buy, this spring could be a good place to start.
Mayor Michelle Wu’s top development deputies have sought to calm developers’ fears about her rent control proposal. But a thicket of obstacles awaits it on Beacon Hill, raising serious doubts that it could ever become law.
Property taxes are rising right along with the cost of food, gas and other necessities. One main difference: You won’t have to wait for inflation to come down to lower your property taxes.
The story goes that Miami homebuyers are abandoning the coasts for poorer but higher-elevation areas to escape flooding caused by climate change. That isn’t what we’re finding, though.
As we put 2022 behind us and confront the challenges of high mortgage interest rates coupled with fewer sales and lower prices, marketing fundamentals will be more important than ever in 2023.
After seven Federal Reserve interest rate hikes in a relatively short timetable, we find ourselves assessing not simply whether there will be more rate increases, but more importantly, what this means for commercial lenders this year.
