Seaport attracts a plethora of new business
For Boston residents, promise of a bustling and booming Seaport District has long been heard, and after a few failed attempts, many began to ignore such claims. However, the future looks bright for the U.S. economy, and recent unemployment declines, upticks in housing and improvements in consumer confidence, investors again look to the Seaport as the next trendy neighborhood in Greater Boston.
Chic and trendy are found in Seaport
However, in order to encourage homebuyers to invest in real estate in Boston, especially in the Seaport District, businesses need to already be established in the area. Fortunately, over the next few months, another wave of restaurants and entertainment options will open in Seaport, as a significant number of investors quickly look to set up shop in a short period of time.
"In an otherwise relatively tame world of development, [Seaport] feels like it's on fire," Barrington Coffee Roasting Company owner Barth Anderson said to the Boston Globe. "It's forging ahead against all norms."
The latest influx of restaurants will involve some of Boston's biggest names in the culinary industry such as celebrity chef Ming Tsai, owner of Blue Ginger, Seth Greenberg who owns Mistral and Tom Kershaw, the owner of Cheers.
"I'm very bullish on the whole area," Greenberg told the news source. "It has huge potential for cool restaurants, retail and loft apartments."
Other local businesses move to Seaport
However, restaurants aren't the only small businesses looking to take advantage of the growing Seaport District. The law firm Finnegan, Henderson, Farabow, Garrett & Dunner recently moved from East Cambridge to Boston's growing innovation center, as the community looks to diversify the companies claiming space in the area.
The firm, which specializes in intellectual property, took up residence in Seaport Place, a 2.26 million-square-foot development, at the center of the South Boston Waterfront. Finnegan followed other Cambridge businesses such as Buzzient Inc., Brightcove Inc., Zipcar Inc. and Vertex Pharmaceuticals Inc. across the Charles River, and many more companies will follow in their footsteps.
While Kendall Square remains one of the region's hottest commercial real estate hub, Seaport looks to take its place in the near future. Homebuyers who want to invest in a community that looks as if it's about to take off dramatically in both cultural influence and property value should consider the views, tastes and sounds of the Seaport District.