3 ms·
Are you kidding me? There's been so much housing development in Eastern MA in the last 5 years, everywhere I go in Boston, Medford, Malden, Somerville, Cambrid
by lsllc 3y ago
Are you kidding me? There's been so much housing development in Eastern MA in the last 5 years, everywhere I go in Boston, Medford, Malden, Somerville, Cambridge, Wakefield, Arlington and Revere (just to name a handful) have dozens and dozens of those 4-over-1 apartment buildings going up with retail/business in the ground floor and apartments upstairs. They are tearing down old businesses, gas stations and even houses to do this.
Go to Revere beach for example and there are literally 5 or 6 new very large apartment buildings within the 1st 1/2 mile of the beach. East Boston, there's is a massive (10K units) housing development going in at Suffolk downs (and there are a ton of 4-over-1's in the neighborhoods nearby).
I don't think that many single family homes are being built inside of Rt 128, but I think that's an ROI thing. If you have a acre of land are you going to build 2-3 houses (zoning permitting) that maybe will sell for $1M each, or are you going to build 20+ units that sell for $600-800K or more.