23 Neighborhoods: a boston real estate blog by Michael DiMella
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Another fine example of poor journalism when it comes to business reporting was just printed in the Boston Globe today in the article "Advantage, renters". Here's my take (from my Boston Apartments Blog):
There's a simple reason why newspapers like the Boston Globe are
struggling to find readership. They have completely lost the trust of
readers by too often not telling a complete and accurate story with
facts to back it up. I'm not trying to be all Pollyanna here -
reporters have tight deadlines, article size constraints, and now
threats of job losses and pay cuts. I understand all that. But one
thing that is so frustrating to me is not providing all sides of a
story and, too often, a lack of working knowledge about their subject.
I know the updates have been slow around here for the past few weeks so I apologize. Between going down to D.C. for a week for the National Association of Realtors mid-year meetings in early May to several new projects we are really trying to get done, I've been swamped! Not that you care about my excuses, of course, so I hope to get going full steam ahead again shortly. In the meantime I have a couple "sneak peeks" of some of the things I've been working on!
I have been covering the Boston real estate market in terms of sales quite a bit, but what is going on in the apartment rental market?
Bulfinch Triangle, the small triangle shaped sliver of Boston roughly located between Merrimac Street, Canal Street, and Causeway Street across from the TD BankNorth Garden (map), is finally about to start its new life as a "real" neighborhood. Although more recently known only as "where the Garden is" and for its, shall I say, robust bar scene (not that I'm complaining!), the expected completion in July 2009 of Archstone Avenir, a mixed use development on Canal Street with 241 luxury apartments for rent and 27,000 sq. ft. of retail and restaurant space, should help enhance the neighborhood image. Bulfinch Triangle is an historic part of Boston, being one of the first landfill areas in the City, but it had languished for years in the shadow of the elevated Expressway. After the Expressway was torn down as part of the Big Dig highway project, progress in revitalizing the neighborhood has been slow...until recently.
How about a spectacular single family townhome we have listed for rent, completely renovated in 2007 at 11 Walnut Street in Beacon Hill just steps from the Public Garden (map).
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