4 08, 2016

General Electric (GE) Headquarters Project Begins

2016-08-04T09:17:19-04:00August 4th, 2016|Categories: Business, Featured, Real Estate|Tags: |Comments Off on General Electric (GE) Headquarters Project Begins

You have no doubt heard about the General Electric (GE) Company’s plans to relocate its Corporate Head­quarters from Connecticut to South Boston’s Fort Point District. Specifi­cally, GE’s new Headquarters will be sited on the South Boston side of the Fort Point Channel, and will utilize two existing, renovated brick ware­houses at 5-6 Necco Way (Yes, that’s “NECCO”, as in those ever-popular NECCO Wafers produced by the New England Confectionary Co.). GE will lease a block of land from Procter and Gamble’s wholly-owned Gillette subsidiary, which is also located along the Fort Point Chan­nel. Renovations of the existing brick warehouses will begin as soon as pos­sible; ground will be broken for the main Headquarters Building early in 2017, pending granting of all the necessary permits. Completion [...]

4 08, 2016

Southie Trees

2016-08-04T09:02:58-04:00August 4th, 2016|Categories: Featured, Real Estate|Comments Off on Southie Trees

  The past few weeks have been scorchahs! Workers at Southie Trees, an environmental initiative of South Boston Neighborhood Development Corporation, are trying hard to keep the trees and flowers on East and West Broadway happy and healthy through this dry spell. They have been spending their summer planting, watering, weeding and cleaning up the street trees and flowerbeds along the sidewalks. While the flowers planted have stayed healthy in the majority of beds, there are certain things the community could do to aid in our efforts. For example: while your little dog may be having a blast and catching some good rays, please remember to pick up after their ‘messes’ and keep it out of the flower beds. We also ask that you keep [...]

16 06, 2016

Grand Opening: 100 Northern Avenue

2016-06-16T11:39:55-04:00June 16th, 2016|Categories: Real Estate|Comments Off on Grand Opening: 100 Northern Avenue

Last week, on Tuesday and Wednesday afternoons, lithe, athletic figures could be seen on the ends of long lanyards over the South Boston Waterfront.  They pirouetted, swung outward in widening loops, and generally capered to and fro over their reflections on the black glass façade of developer Joseph Fallon’s 100 Northern Avenue building.  It was the world renowned vertical dance troupe, “BANDALOOP”, who were preparing for the building’s Grand Opening on Thursday, June 9. It was 48 hours before the formal Grand Opening of 100 Northern Avenue on Thursday, June 9, at 5 p.m.   Figures scurried back and forth, erecting a reception tent, placing chairs for the invited guests, and discussing last-minute touches to the 100 Northern Avenue interior.  Fallon’s latest building is sited on [...]

3 02, 2016

Local property prices continue to climb

2016-02-03T13:54:22-05:00February 3rd, 2016|Categories: Real Estate|Comments Off on Local property prices continue to climb

Property prices in South Boston - a neighborhood that has seen a boom in development in recent years - have nearly doubled in less than 15 years. The median sales price of a South Boston property in 2015 was $599,000, according to The Warren Group. In 2002, the median price was $300,000. The 2015 year-end information from The Warren Group, a company that “compiles data on real estate sales and ownership throughout New England,” was recently released, demonstrating that the trend of rising value continues. In 2009, the median price for a property in South Boston was $354,500. Since that year, prices have increased by at least 3 percent. The increase in median sales price from 2014 to 2015 – 13.88 percent – is the [...]

14 01, 2016

GE will move its headquarters to Boston

2016-02-04T15:41:28-05:00January 14th, 2016|Categories: Business, Featured, News, Real Estate|Tags: |Comments Off on GE will move its headquarters to Boston

By South Boston Online staff General Electric will soon call South Boston home. GE announced in a statement Wednesday that it will relocate its headquarters to Boston, leaving Hartford, Conn. “Boston was selected after a careful evaluation of the business ecosystem, talent, long-term costs, quality of life for employees, connections with the world and proximity to other important company assets,” the company announced in a statement on its website. The company said its new headquarters will be in the Seaport District, though an exact address has not been announced. The Boston Globe, which broke the news of GE’s move Wednesday morning, reported that the company is looking at a site on Summer Street and a site owned by the Massachusetts Port Authority, as well as [...]

7 01, 2016

Real estate news: South Boston remains a desirable market

2016-01-07T10:08:11-05:00January 7th, 2016|Categories: Real Estate|Comments Off on Real estate news: South Boston remains a desirable market

Just as snowfall is a guarantee this winter, there is something else that can be counted on as 2016 starts: South Boston will remain a desirable neighborhood for young professionals. South Boston, according to statistics from The Warren Group, continues to have a hot real estate market. In the past year, the number of properties sold and the median sales price of those properties have increased, continuing the trend of recent years. The neighborhood is popular for a number of reasons, including the increasing number of bars and restaurants in the area, its proximity to the financial district and downtown Boston, and its two miles of public waterfront, as well as the fact that South Boston is less congested than other Boston neighborhoods. Interest rates [...]

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