Upscale Boston Apartments

Feb 17
07:33

2012

Bruce Garland

Bruce Garland

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This article basically revolves around the latest updates and trends of upscale apartments in Boston, such as the new and upcoming ones that are scheduled to be built.

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Boston is widely regarded as one of the most bustling cities to live in in the US.A major reason for this is that it has a unique blend of diversity and fascination that endears itself to many people who are looking for Boston Luxury Apartments.With a busy nightlife to look forward to and numerous established sport franchises located in the city,Upscale Boston Apartments Articles it is very rare to not fall in love with the city even after a short stay there.Recognizing the potential economic boon of the city that it could bring, a named real estate investor from New York City is currently planning an upscale renovation for Boston luxury rentals.Having acquired a number of properties under his name that are regarded as ancient structures and are over a centurys old, he is currently planning to revamp these obsolete buildings and turn them into money-making structures.With a keen eye for profits and a great foresight ahead of the other real estate investors, he has observed a general trend towards the shift in consumers preference towards upscale apartments these days.A total of $4 million was pumped into the project as part of the renovation process of his apartment building, with the rents of the newly renovated units estimated to be worth more than 3 times of its original rental value before undergoing the renovation process.He also plans a compete top-to-bottom makeover in a 11-story building; a revamped lobby area, new office space area on the lower floors and luxury apartments on the upper levels complete with a scenic rooftop garden to top it all off.Besides that, there is also a couple of real estate development and investment companies interested in owning a share of the Boston real estate market like Fenway apartments.A few companies have undertaken projects to develop residential and commercial areas which they predict to be a fertile ground for their real estate business to take root in.