August 2017

Found 5 blog entries for August 2017.

Sick of the traffic in the Seaport? Especially on Congress Street? Well, Millennium Partners, a major Boston development firm is proposing to build an aerial gondola or cable car system to transport as many as 15,000 people a day between South Station and the Seaport District. While the idea is very preliminary, the firm is willing to spend $100 million for the new transport system, and even US Representative Stephen Lynch has been open to the talks of this new idea. Millennium Partners built the new Millennium Towers in Downtown Crossing, and has been known to bring a lot of new innovative solutions to the area. This would be great for the whole South Boston community, and serve as an unique alternative to the bus, water taxi, or train system we are used

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Buying a home can be a lot of work. Often buyers are nervous about different terms and words that lenders, sellers, banks and brokers will use, but are not totally sure what they mean. We've asked our friends at Fairway Mortgage for a little glossary of terms that confuse people the most. 

Closing Costs - these are the costs that the buyer must pay during the mortgage process. There are many closing costs involved ranging from attorney fees, recording fees and other costs associated with the mortgage closing.

Down Payment - is the amount of the purchase price that the buyer is paying. Generally, lenders require a specific down payment in order to qualify for the mortgage.

Equity - the difference between the value of the home and the mortgage loan

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39 A Street is getting a facelift, with 23 new condominium units, and a 30 car parking garage. This building started to undergo construction this past spring and the framing is complete. This is project is expected to finish by Spring of 2018. The building itself is in an incredible location; walking distance to the MBTA Broadway Red Line, around the corner from many restaurants and shops, and quick access to the seaport and downtown Boston. The area of Broadway has really transformed with buildings such as Port45 and 14West under construction as well. 39 A will be no different and we are anxious to see the finishes as construction continues. 

 

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Last week, WinnDevelopement announced that they had been selected by the Boston Housing Authority to redevelop the Mary Ellen McCormack (The Old Harbor) Housing Development. This $1.6 billion redevelopment with transform the 27 acre South Boston site. The 1,016 unit complex was New England's first public housing complex. Winn is proposing a four phase redevelopment of the complex, to create 3,000 housing units, replace all existing units, and create an additional 200 middle income housing units. In a press release last week, Mayor Marty Walsh stated "The Mary Ellen McCormack redevelopment effort is another example of our commitment to improving the quality of life for all Boston residents. As the oldest public housing development in the city, MEM marks an

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The long awaited Certified Meatball Company will be opening its doors this Friday at 429 West Broadway, right next to Lincoln Tavern. From the sneak peak they showed this morning, they are sure to be packed with all kinds of meatball lovers. Their menu is fun, and has a wide variety of different meatballs, sauces, sandwiches, salads, and other house specialties. We are excited to try their new take on meatballs, and see their new space. Welcome to the neighborhood! 

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