Locate Land for Sale in Boston’s Seaport District with Boston City Properties
If you are remotely familiar with Boston real estate, you’ve undoubtedly been hearing a lot about the Seaport District. In fact, like many investors and developers, you may be looking to acquire a vacant parcel in the neighborhood to capitalize on its ongoing growth and skyrocketing popularity. With commercial and residential real estate development proceeding at a fever pitch in recent years, you’re far from the only one with such ambitions, so it’s crucial to have the right help along the way. By connecting with Boston City Properties, a Boston commercial real estate authority, you will increase your odds of pinpointing the perfect option in no time flat.
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Team Up with BCP to Find Properties for Sale on the South Boston Waterfront
Every other day or so, it seems like new development projects are announced within the borders of Boston’s newest neighborhood. Also known as the South Boston Waterfront and the Innovation District, the neighborhood is awash in opportunities for savvy investors and developers. Boston City Properties can help you with your search in several ways. We can give you access to our online listings, which are updated continually and easy to search, thanks to our powerful search tool. We also have off-market listings, and we can refer you to talented real estate brokers and agents in the neighborhood who can assist you further.
Seaport District Basics
Before the Big Dig, this section of Boston was largely cut off from the rest of the city. For decades, industrial developments dominated this waterfront area, bordered by Fort Point Channel, Boston Harbor and South Boston. Starting around 2010 and the administration of Mayor Thomas Menino, redevelopment of the area became a top priority. Between 2010 and 2017, more than 200 new companies and 5,000 new jobs flooded into the neighborhood. Since then, the Seaport has become the latest life science development hot spot, and new lab buildings and lab conversions now dominate the landscape.
Neighborhoods and Districts
Since the significant redevelopment of the neighborhood only started about a decade ago, it hasn’t really been subdivided into smaller districts yet. The neighborhood sprawls over an area of around 500 acres, but a single 23-acre section supports more than 3.3 million square feet of development. One of its main thoroughfares, D Street, features many high-rise luxury condo buildings. Likewise, luxury condo buildings – the primary type of housing– are concentrated around the waterfront. Because most housing consists of high-end luxury condos, the neighborhood is considered among the priciest in Boston.
Commercial Real Estate
As of the fourth quarter of 2021, the Seaport was home to 17 lab buildings offering more than 4.8 million square feet of space; rents average around $105 per square foot. The neighborhood also features extensive amounts of office space, with more than 12.3 million square feet spread across nearly 70 buildings. Lab conversions have become commonplace in the neighborhood, which is also the site of the Boston Convention and Exhibition Center. Mixed-use developments are also widespread in the area, including Seaport Square and its more than 6.3 million square feet of mixed-use space.
Things to Keep in Mind When Searching for Vacant Land in the South Boston Waterfront
Even with all the development that’s happened in recent years, opportunities abound in the Seaport for savvy investors and developers. The best way to capitalize on them is by connecting with BCP. As you conduct your search, be sure to keep these points in mind:
- Know precisely what you will do with the property you acquire. Perhaps you’ll hold it and flip it later since real estate here appreciates rapidly and reliably. On the other hand, maybe you envision a new lab building, mixed-use development or high-rise luxury housing development.
- Study historical trends for the area where you are looking. This information will clue you into whether your vision is likely to succeed for any given lot or parcel.
- Research local submarkets to determine the best areas for your search. BCP can refer you to brokers and agents in the neighborhood who can provide crucial insights in this regard.
- Beware of permitting and zoning regulations and restrictions. We can help you determine which properties have the type of zoning needed to make the most of your plans.
- Perform in-depth due diligence before purchasing a parcel in the neighborhood. It’s better to take the time and do the research now than to run into unpleasant surprises later.
How BCP Can Help
Boston City Properties can assist you in finding lots for development and redevelopment in this burgeoning Boston neighborhood. Here are a few of the many ways we can help:
- Agents and Brokers – We have connections with skilled and experienced brokers and agents across this neighborhood, including ones who specialize in areas like lab space development and multifamily housing development. Contact us for a referral.
- Real Estate Listings – Sign up now via our website to start searching our continuously updated Boston real estate listings right away. Our search tool makes it a breeze to pinpoint options that align with your investment and development goals.
- Local Real Estate Insights – Our team and network of agents and brokers know this neighborhood and its real estate submarkets well. Our understanding of local zoning, significant properties and other information is sure to come in handy for you throughout your search.
Call Today to Kick-Start Your Search for Vacant Land in the Seaport
With so many companies vying to move into this burgeoning Boston neighborhood – and so many people eager to call it home – you can’t go wrong by acquiring a vacant lot or parcel in the area. However, acquiring real estate in Boston is complicated, so it’s essential to line up the right help from the start. Let BCP be your partner in your Seaport real estate ventures. We’ll give you access to our listings, provide you with off-market opportunities and refer you to local agents and brokers specializing in your area of interest. Call today for more information.
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