Developers took midtown schlock and turned it into residential real estate gold. Then they took Seaport parking lots and transformed them into live-work-play platinum. A medieval alchemist would have envied their results.
Midtown is one of Boston’s oldest hubs, known far and wide in New England for Filene’s “Automatic Bargain” Basement, one of the first discount stores that defined many a childhood train ride to Downtown Crossing. Midtown is diverse and accessible from almost every direction—a big selling point when Millennium Tower Boston came on the market a few years back. From the ladder district that fits snugly between the two main thoroughfares all the way to the Suffolk University Law School at 120 Tremont Street, you are likely to see almost every type of person that resides in or visits Boston—the good, the bad and the ugly.
The Seaport, however, is the city’s newest geographical calling, growing more vibrant by the day and more playful by the night. It is a locale where few access points and high prices restrict entry. According to the Boston Globe, the people and businesses of the Seaport are quite white, an unfortunate characteristic of the area that was epitomized by an even earlier Globe headline about the neighborhood: “Meet the new Boston, even whiter than the old.”
Disparate in age and sharply different in commute convenience and demographics, both Midtown and the Seaport are becoming hubs for luxury developments. My 2015 post about the sales accomplishments of 22 Liberty in the Seaport quickly became one of the most popular posts on my blog. But when I later authored the definitive breakdown of Millennium Tower Boston’s sales and offered it as a report, it was even more popular and requested by hundreds of industry professionals, real estate enthusiasts, and Boston buyers and sellers.
My latest breakdown is of 50 Liberty, the Fallon Company’s follow up to 22 Liberty. Although not as groundbreaking as 22 Liberty or as benchmark-setting as MTB, 50 Liberty represents an important continuation of luxury in Boston’s residential real estate market—and without question, you’ll see that the building has some impressive sales results.
A SPECIAL REPORT
