In a new national survey from Urban Land Institute and PwC, Boston’s real estate market stands out. The survey, which ranks the hottest real estate markets in the U.S. saw Boston jump three spots to seventh in the nation.
“Boston is at the center of a number of real estate trends like redevelopment, technology, and sustainability.”
Boston’s younger workforce, STEM (science, technology, engineering, and math) job market, sustainability efforts and redevelopment were all attributed to the rating jump. Boston scored exceptionally high when it comes to investors’ demand and local public-private investments.
In the survey, Dallas-Fort Worth ranked number 1 in the nation but Boston’s ranking as 7th best makes it the highest-ranked gateway market in the 2019 survey. You can see where other U.S. cities rank in this annual survey in the PwC report on page 37, Emerging Trends in Real Estate 2019.
I don’t know much about this Boston-based photographer other than he takes beautiful photos of Boston and clearly has a passion for cars, because his Instagram feed is chock-full of both. I’m more partial to the night shots of Boston like this one of the Zakim Bridge shot at night.
Follow this account on Instagram here, instagram.com/theroni89.
Do you like this weekly post? Check out previously featured IG accounts here.
Earlier this week the Boston Business Journal reported that Mayor Marty Walsh is looking to increase Boston’s housing goal from building 53,000 units to 69,000 new units (a 30% increase) by the year 2030.
Back in 2014 the city of Boston’s population was just under 660,000 and was expected to grow to just over 700,000 by 2030. But with Boston’s population growth has forced the city to revisit their initial forecast and revise their population estimate to approximately 760,000 residents by 2030.
The neighborhoods that the Mayor would like to focus on building new housing includes Sullivan Square, Newmarket and Widett Circle, the Fort Point Channel, Suffolk Downs, Readville and Beacon Yards. The mayor is also boosting the number of affordable-housing units goal to 15,820, which (if met) would mean Boston would have approximately 70,000 new income-restricted units.
You can read the full article from the BBJ here.
Today is a beautiful fall day in Boston with big puffy white clouds and plenty of sun. Temperatures will flirt with the low 70s but most of the day will be in the mid and upper 60s. I’m not complaining, because I really do love this weather, but I can’t help but think back to last week’s final Kiki Beach of the 2018 Summer, which was sunny and in the low 80s.
I’ll miss you Kiki Beach and look forward to next summer, which is only 35 <gulp> weekends away. Maybe I need to book a few trips to Miami between now and then.
Tickets are now on sale for King Legacy Night Gala that will take place on Tuesday, October 16th. This creative black-tie event is co-hosted by MLK Boston and the City of Boston to help support the design and the construction of a new memorial honoring the Boston legacy of Martin Luther King, Jr. and Coretta Scott King who met and lived here in Boston.
The best way to see the five remaining finalists proposed designs is by visiting the Boston Public Library in Copley Square or at the Bolling Building in Dudley Square, both available until October 16th. For more information about the new memorial that will be placed on the Boston Common click here.
For more information about this impressive new public art project and or to purchase tickets to this gala visit mlkboston.org.
Late last week Hawaiian Airlines announced that it would start non-stop flights between Boston and Honolulu starting in April 2019, making Boston the second (New York City was first) East Coast hub to receive non-stop service on Hawaiian Airlines. The flight will also be the new longest domestic flight route in the United States with flights from HA to MA taking a little more than 10 hours and flights from MA to HA taking just under 12 hours (5,095 miles) .
The airline cited the fact that Boston is the largest U.S. travel market that currently does not receive non-stop service to Hawaii as a reason for rolling out this new service. An estimated 500 people fly between New England and Hawaii (approximately 60,000 visitors annually), which translates into ~$76 million in ticket sales for flights between the two city airports last year.
From Boston to Honolulu: Hawaiian Airlines flight HA91 will depart Boston on Monday, Tuesday, Saturday and Sunday at 8:55am and will arrive in Honolulu at 2:35pm the same day. Friday flights will depart Boston at 8:00am and arrive in Honolulu at 1:40pm.
From Honolulu to Boston: Hawaiian Airlines flight HA90 will depart Honolulu on Monday, Thursday, Friday, Saturday and Sunday at 1:45pm and arrive in Boston the following mornings at 6:00am.
The 29th Boston Freedom Rally is the largest annual gathering of pro-marijuana supporters on the East Coast and the second largest festival of it’s kind in the world, surpassed only by Seattle’s Hempfest. So if you find yourself near the Boston Common this weekend that hazy cloud hanging over the Common isn’t a weather pattern and is likely to make your head spin if you walk through the park. The rally officially kicks off this afternoon but is typically attended by most over the weekend from 12-8PM on Saturday and Sunday.
The rally is organized by the Massachusetts Cannabis Reform Coalition (MassCANN), the state affiliate of the National Organization for the Reform of Marijuana Laws (NORML) also known as MassCann/NORML.