Boston $2.5B Waterfront Project Approved, Investors Surge
Seaport Development Drives Land Values From $39.5m to $2.5b Since 2006 Since 2006, Boston's Seaport district has experienced a remarkable escalation in land value. Property values have surged from $39.5 million to over $2.5 billion. This astounding appreciation represents a 6,229% increase over 17 years. The transformation has attracted significant investment from institutional players and development firms. The district's last large block, spanning 12.5 acres, sold for $359 million. This reflects the premium investors now place on Seaport real estate. Property transactions frequently exceed $1,000 per square foot. A notable sale includes 101 Seaport Blvd, which fetched $1,027 per square foot. WS Development has been a key catalyst in this value surge. Strategic acquisitions since 2006 helped transform the area from an industrial wasteland to premium real estate. Major corporations like Vertex Pharmaceuticals have anchored the district's growth with billion-dollar lease co...