Development Projects
Boston Property Development has strong contacts throughout the Greater Boston area with local real estate brokers, tradesmen, attorneys, politicians and building department officials. BPD uses these relationships along with its in-house financial, permitting and zoning expertise to quickly capitalize on opportunities at underutilized properties that others overlook. During their first few years, the principals of BPD developed, converted and successfully sold 76 condominium units converted from 23 buildings in the greater Boston area generating over $34 million in sales revenue. BPD continues to effectively manage its relationships to efficiently and economically permit, design, develop and sell real estate within the Greater Boston area.
8 Claremont Park, South End of Boston MA
In June 2012, BPD purchased a 2,400 bottom triplex unit on Claremont Park. BPD acquired this unit at a very advantageous purchase price. It will be ready for the 2013 spring market.
West Canton Street, South End of Boston, MA
In August 2011, BPD purchased a 2-unit, 4,000 square foot Victorian brownstone building on one of the South End of Boston’s premiere streets – West Canton Street. Unit #1 of this development is under agreement to be sold and Unit #2 is under construction.
Burgoyne Street, Dorchester, MA
In June 2011, BPD purchased a 2-unit building with an additional buildable lot in the Neponset neighborhood of Dorchester. BPD successfully permitted the extra lot and sold the permitted lot and 2 family home within 6 months of its purchase.
Coffey Street, Dorchester, MA
In April of 2011, BPD acquired 6 residential units on Coffey Street and converted the units into condominiums. All of the units were sold in the Spring of 2012
Claremont Park #2, South End of Boston, MA
In April 2010, BPD purchased a 2-unit, 4,200 square foot Victorian brownstone building in the heart of the South End of Boston. BPD was awarded the Greater Boston Builder’s Association 1st Place award for its kitchen design in this building. Additionally, Unit #1 ($1,690,000) and unit #2 ($1,525,000) were sold at record breaking prices for Claremont Park, and in the case of unit #2, it set a new price point for a top duplex in entire South End.
Blue Hill Avenue, Dorchester, MA
In July 2009, BPD purchased a 10,000 s.f. commercial building on a 13,000 s.f. parcel of land in the Dorchester neighborhood of Boston, MA. BPD worked with the City of Boston Main Streets Program on how to improve the aesthetic appeal of the building and parcel of land. The property was successfully sold in 2011.
West Fifth Street, South Boston, MA
In October 2009 BPD purchased a residential lots in South Boston. Over the course of 12 months, BPD permitted these lots for the development of 4 residential units. BPD then successfully sold this permit at an excellent profit.
Waltham Street, South End of Boston, MA
In October of 2006, BPD purchased a 2-unit, 6,000 square foot Victorian brownstone building in the heart of the South End neighborhood in Boston. Prior to closing, BPD secured a buyer for one half of the building at a price greater than the acquisition cost of the building. After acquisition, BPD received a variance to convert the building for use as 3 units and gut-rehabbed and sold the remaining two units as modern, state-of-the art condominiums in this popular South End neighborhood.
Mercer Street, South Boston, MA
In September of 2004, BPD purchased a 4,000 square foot, 3-family building in the then rapidly gentrifying South Boston market. After a complete gut rehabilitation of the building, the units were placed on the market for sale in May 2005. The units generated sales north of $425 / square foot - a near high for this particular neighborhood within South Boston. Careful attention to detail and optimal utilization of available square footage allowed for rapid sales of these units.
East Fifth Street, South Boston, MA
In July of 2004, BPD purchased a 2-unit, 2,600 square foot mixed use property located on the premium east side of South Boston. Located only 2 blocks from the beach front, the property was in an ideal location for a condominium conversion. While developing the building's top floor residential unit, variance relief was sought and granted to convert the first floor commercial unit into a residential unit. As the property possessed loft-like qualities, we exposed and re-pointed brick walls, created a tongue and groove stained, wooden ceiling and exposed circular duct work throughout the kitchen, dining and living rooms. To this loft design, we added modern kitchen and bathroom amenities such as steam showers and Jacuzzi tubs, large bedrooms and walk-in closets. The top floor unit sold to a former Boston Bruins hockey player and general manager for over $520,000 - a very nice price in this particular neighborhood.
East Seventh Street, South Boston, MA
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In February of 2002, BPD purchased a 3-unit, 2,400 square foot residential apartment building on the east side of South Boston. This property was purchased at a deep discount in the aftermath of the fall out from the 9/11/01 attacks. At the time, South Boston was just beginning to experience and increase in condominium conversions. The building was completely gutted and developed as middle to high end condominiums. By the time the units were completed, there was an overwhelming demand for smaller one bedroom condominiums. In the same week that a certificate of occupancy was obtained, all three units were sold.
River Street, Dorchester, MA
In April of 2006, BPD purchased 4,500 square feet of retail space in Dorchester, MA. In partnership with the City of Boston's Main Streets Program, BPD redeveloped the 4,500 square foot building and resold it to its current owner who now owns and operates a successful karate studio out of the building.
L Street, South Boston, MA
In March 2004, BPD purchased a 3-unit apartment building in South Boston, MA. In 120 days, BPD updated the electrical service, installed new HVAC units, installed back decks and remodeled the kitchens and baths of each of the units. All three units sold 3 months later in the same week that the certificate of occupancy was issued.
