Health & Environment Real Estate Transportation

Cross St. Sidewalk Walkthrough – Tuesday, Dec 15th

As part of the ongoing consideration for the reconfiguration of the Cross St. sidewalk in front of the former Martignetti’s Liquors site, there will be a walkthrough with public officials and State agencies on Tuesday, December 15th at 11:00 am. State Representative Aaron Michlewitz and City Councilor Sal LaMattina will be participating in the walkthrough Read More…

Government Real Estate

City Hikes Property Tax Rate by 11.8%

The City of Boston has announced a property tax rate increase for fiscal 2010 with the residential rate going up by 11.8% and the commercial rate up by 8.4%. The tax rate is one of the two factors that will result in total property tax bills. The second factor is the property’s assessed value, which is surveyed every three years. Residents should have received a recent notice of the change in their assessment. Overall, the City’s assessed values went down by 3.5% although certain areas have increased. Anecdotal reports show a mix of increases and decreases in the North End/Waterfront area, although several properties on the waterfront saw their assessments go up substantially.

The rate will increase from $10.63 per $1,000 in assessed value to $11.88. The commercial rate for businesses will also increase from $27.11 per $1,000 of assessed value to $29.38.

The City blamed the increase mostly on a decrease in State aid and said the rate is the first increase in three years. The increase will increase the total tax by $65 million to $1.465 billion. Bills will be sent out in a few weeks with a due date of February 1, 2010.

Below is the press release from the City.

Community Real Estate

Hearing to Protect Greenway & Christopher Columbus Park From Tall Building Shadows

Next Tuesday, December 15th at 11:00 am, there is a State hearing to protect certain public parks from the shadows of excessively tall buildings. Christopher Columbus Park and the Rose Fitzgerald Kennedy Greenway are specifically mentioned in the proposed legislation. Representatives Marty Walz, Byron Rushing, and Senator Anthony Petruccelli sponsored a bill to prevent additional Read More…

Real Estate

North End Union Owner Tops List of Tax Delinquents

Owner of the North End Union building at 20 Parmenter St., Joe Perroncello, has topped this year’s list of the City’s top property tax delinquents. As reported in the Boston Herald, Perroncello is a repeat member of the annual list published by the City of Boston. This year, he topped the list with $210,773 in Read More…

Real Estate Transportation

No Decision on Parcel 9 – The Plot Thickens

Herald’s sources were incorrect in expecting MassDOT to award Parcel 9 yesterday at their December meeting. The expectation was that developer Eastat would get the go-ahead for their proposed $40 million residential building with a ground floor marketplace. Instead, MassDOT put off the decision until January 6th. The Boston Museum’s Proposed Civic Project For Parcel Read More…

Health & Environment Real Estate

Michlewitz Testifies at Groundwater Protection Hearing has the story from the State’s hearing on the Groundwater Protection Act. “A large part of Boston is built on filled land, and buildings on that land are constructed on woodpiles for stability; when groundwater levels drop-typically a result of underground infrastructure like subways, sewers, and the Big Dig-these buildings are at risk for Read More…

Real Estate

Boston’s Office Market Sees Worst Rental Rate Decline in U.S.

The Boston Business Journal reports on a CB Richard Ellis study that indicates Boston’s central business district had a 33.9% decline in office rental rates versus last year. This was the worst percentage decline among U.S. cities, with New York City coming in second with a 30% decline. The average rent in Boston is $36.45 Read More…

Real Estate

Residential Plan Expected to Gain OK for Parcel 9/Haymarket

The Boston Herald’s Tom Grillo is reporting that MassDOT will award the Parcel 9 development at Haymarket/Blackstone St. to Eastat Reality Capital for their residential plan consisting of 78 apartments over a ground market. The site is along the Rose Fitzgerald Kennedy Greenway by the Haymarket pushcarts and Blackstone Street, one of the oldest streets Read More…

Real Estate

NEWRA’s ZLC Committee Listens to Lucia’s Live Entertainment Proposal

Owner Donato Frattaroli of Ristorante Lucia at 415 Hanover St. presented with his attorney, Michael Overson, at the November 24th NEWRA Zoning, Licensing and Construction (ZLC) committee meeting. Frattaroli has a live entertainment application pending for two instruments, one vocalist and a comedian in the basement portion of his 3-story restaurant on Hanover Street. The Read More…

Real Estate

Prince St. Renovation Needs Zoning Relief

Damian Szary presented at the NEWRA Zoning, Licensing & Construction Committee meeting to describe the zoning variance he is seeking for 112 Prince Street. Szary, a former North End resident, recently bought the building from long-term owners and plans to live in the top unit. The other units will be sold as condos or rented Read More…