It’s no secret South Boston has become one of the most popular neighborhoods in the city. This small area has a big reputation from pop culture and film, and as a result, South Boston has seen an influx of new residents over the past decade. This has had a remarkable effect on the rental market, as a once affordable part of Boston now is one of the most coveted and, in some areas, most expensive parts of Boston.
There is a lot of buzz in the real estate world about developers Hilco Global and Redgate. The pair is gearing up for a 15.2-acre development right on the South Boston waterfront. If the project goes forward, we’ll see seven new buildings, including 1,588 apartments and condos, a hotel, office and retail space, and nearly 1,000 underground parking spaces. Plus, a new road off Summer Street, space for “arts and industry,” and a new plaza.
