Construction manager John Moriarty said he and partner J.W. Capital continue to review alterations to their plans to move forward with a hotel project at Lewis Wharf, per an article in Banker & Tradesman. The news on the originally proposed 5-story, 277 room hotel comes despite a significantly reduced project area as a result of a Massachusetts Department Read More…
Tag: Banker & Tradesman
B&T: “Rising Water, Rising Worries” for Waterfront Real Estate Market
Are waterfront buyers ignoring the likelihood of sea level rise in the real estate market? That is the question that Scott Van Voorhis asks in this week’s Banker & Tradesman. As sea levels rise, the Hub and other coveted coastal communities will soon face an even more challenging marketing problem as once-desirable waterfront neighborhoods suddenly Read More…
B&T Highlights Russia Wharf’s Financing
Paul McMorrow, of Banker & Tradesman, discusses how Boston Properties has been using more equity than secured real estate debt to fund its commercial development, including the Russia/Atlantic Wharf development. “Boston Properties made headlines in April when it managed to extract, from some decidedly icy credit markets, a $215 million construction loan for its Russia Read More…
Yacht Haven Gets a Premium Bid for $9.9 Million
Banker & Tradesman is reporting that Yacht Haven, the marina property near Commercial Wharf, has attracted a premium price and is under agreement for $9.9 million. The buyer is Charles Lagasse, a Newburyport developer, through a company called Boston Boat Basin, LLC which is also associated with Steve Karp’s New England Development. The price has Read More…
Mapping “Fewer” Foreclosures
After reading this week’s news of fewer Bay State foreclosures, I took a look at the North End/Waterfront area using a mapping tool. Below is a map showing nearby properties going through some type of foreclosure or default activity. The map is interactive, so you can click it and zoom in on specific areas. A Read More…