(Photo L to R: Lisa Nickerson of Nickerson PR & Nickerson RE, Jason Brown of Yotel, Fred Kramer of Stantec, Eamon O’Marah of Harbinger Development, Alex Twining of Twining Properties)
During the last panel discussion at Bisnow’s State of the Seaport Conference, Lisa Nickerson of Nickerson PR & Nickerson RE, Jason Brown of Yotel, Fred Kramer of Stantec, Eamon O’Marah of Harbinger Development and Alex Twining of Twining Properties discussed the current state of development within the Seaport and what’s expected to come in the next five years.
As it stands today, the Seaport District is about 50 percent complete, and is often referred to as the petri dish of Boston that continues to evolve.
Currently there are four generation in the workforce today, which creates an incredible opportunity and demand for real estate. The major stabilizer for the real estate market is the workforce and the varied generations, all of whom need different housing options. Let’s remember housing is a choice, the more options someone has to choose from the more opportunity there is for financial growth.
Each of Boston’s areas have been built as separate neighborhoods that seamlessly interconnect, and are equipped with all of life’s necessities. With so many truly phenomenal areas within Boston, the continued momentum from top to bottom throughout the Seaport is truly inspirational. As you walk down Seaport Boulevard, deeper in the neighborhood, and watch the once bare street begin to fill in with boutiques, restaurants, bars, residential developments, hotels and office space, it becomes unrecognizable in comparison to what it once was.
But what else does the Seaport District need to truly expand?
During the panel discussion, Eamon O’Marah noted that we need to continue embracing the water component, it’s an aspect of the neighborhood you can’t recreate.
While Fred Kramer mentioned that there’s a school in the future of the neighborhood, however first we need to see audiences shift demand.
Alex Twining stated a great point that Boston is benefiting from urbanization, which will have a direct result on Seaport rentals continuing to see demand.
And Jason Brown from Yotel agreed that those currently building in the Seaport for are really thinking about user experience, which is truly exciting, but we need to continue to do so in order to really make this neighborhood thrive; it’s all about the long term thinking.
Like any neighborhood, there is always room for improvement, but after decades of master planning construction and anticipation, Boston’s Seaport District is now recognized as the next great neighborhood and one of Boston’s hottest neighborhoods from a development standpoint.