No End in Sight for Housing Financing Hurdles
Across Greater Boston, approved multifamily building proposals are gathering dust despite strong market fundamentals. Blame banks and investors.
Hot Property: Worcester’s The Cove
Residents of V10 Development’s new Worcester apartment complex can take in the minor league baseball action at Polar Park without ever leaving the property.
Everett Mayor Opposes 591-Unit Housing Project
Everett officials will review the latest proposal for a 591-unit housing development on a site that’s also under consideration for construction of a new high school.
591-Unit Development Proposed on Everett Riverfront
A developer active in Everett multifamily projects is proposing a 591-unit apartment complex on a 25-acre site once occupied by a General Electric factory.
Hot Property: The 600
Everett’s newest apartment development, which opened fully leased in July, includes 85 units equipped with quartz kitchen and bathroom appliances and a 4,500-square-foot rooftop deck.
Hot Property: The Cove
The Cove, a 173-unit multifamily development next to Worcester’s Polar Park, will include interior designs inspired by a former music club that formerly occupied the property.
Is the Sky Just the Start?
Real estate was always a side hustle for Ricky Beliveau until a series of condo conversions opened the door to a new career. Six years later, he’s working to build a 21-story luxury tower in Everett’s rapidly-transforming industrial zone.
Housing Pipeline Faces a Stress Test
The one-two punch of rising interest rates and spiraling construction costs points to a slowdown in Greater Boston multifamily development, even as apartment rents and home prices shatter all-time records.
Market-Rate Projects Sprout Around Worcester Ballpark
For-profit multifamily developers that have shied away from Massachusetts’ Gateway Cities because their rents didn’t support the cost of new construction are betting on Worcester’s economic and population growth to push projects across the finish line.
Sky Everett Tower Cleared for Launch
Developers of the 21-story Sky Everett apartment tower are set to move forward with construction drawings and seek financing following the $210 million project’s approval.
Sky Everett Cleared for 250-Foot Heights
A proposed luxury apartment tower received variances advancing its bid to become Everett’s tallest residential building.
Developers Unveil Everett Residential Tower Plans
A development firm co-founded in 2020 by a former Encore Boston Harbor lobbyist unveiled plans for a 21-story residential tower and rooftop restaurant run by the Strega restaurant team.
