Boston's Downtown Crossing continues to evolve and grow
As a homebuyer, your main goal is finding affordable housing in an area that offers you and your family plenty of entertainment and cultural opportunities. In some cases, when you search the MLS Listings in Boston, MA, you might be more interested in communities that are slated for several construction projects in the near future. Neighborhoods in a transitional phase may look entirely different once the efforts are completed.
For example, merchants and businesses in Boston's Downtown Crossing area are optimistic that a redevelopment project at the old Filene's location is back on track. The effort should produce a 600-foot skyscraper, The Boston Globe reports. All in all, the construction plans at One Franklin Street will include approximately 500 residential units and retail space all within a 55-story glass tower, according to the news source.
You might want to look into investing in property around Downtown Crossing, as the area continues to evolve and grow. Recently, home values rose in nearly all major U.S. cities in April 2012, including Boston, the Standard & Poor's/Case-Shiller home price index reported. It is safe to assume that values in and around Downtown Crossing will continue to rise as projects near completion.