Luxury condo building boom: Boston's towers of wealth
Luxury high-rises are sprouting across the skyline. Why is Boston, amid a grave housing crisis, so much better at building homes for the wealthy than those in need?
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Luxury high-rises are sprouting across the skyline. Why is Boston, amid a grave housing crisis, so much better at building homes for the wealthy than those in need?
BOSTON, MA - The Davis Companies (Davis) and TOCCI Construct, LLC (TOCCI) recently celebrated the topping off of a new luxury residential housing development at 1515 Commonwealth Avenue in Boston’s Brighton neighborhood. Upon completion in the Fall of 2024, the redevelopment of 1515 Commonwealth Avenue will deliver 253 units of luxury housing split between two buildings: 1515 Comm Ave, an eight-story condominium building totaling 102 units; and Hew, a seven-story, 151-unit rental...
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There is high demand for construction despite high volatility in the market.