Everett Infill and Small Developments

Javier said:
burying utilities cables believe is very expensive.
Click to expand...
Yes, more expensive than overhead wires -- but generally pay for themselves in maintenance costs over their lifetime. They also tend to increase property values (there is a reason why developers renderings never show the overhead lines.)

And the time to do it is BEFORE redeveloping a major area.
 
IMG_1931.jpeg
IMG_1933.jpeg
IMG_1923.jpeg
 
^^^

Hanover Everett has availability starting at $2385 for a Studio. The 1's start at $2855. This is built 2025.

Don't all rush at once.
 
jklo said:
^^^

Hanover Everett has availability starting at $2385 for a Studio. The 1's start at $2855. This is built 2025.

Don't all rush at once.
Click to expand...
This is what I don't get about all of these new "luxury" developments in Everett. Who is going to rent these apartments? There are plenty of apartments at similar or lower prices available in ex. Malden or Melrose, close to the orange line. Even if they don't have nearby rapid transit, there are also way more walkable parts of Everett (I know, without new large apartment buildings, but plenty of apartments in older, smaller buildings). Every time I am in the area (mostly for the Chelsea MB, or to drop off some scrap metal) I am amazed that anyone would pick to live in these buildings when there are other options nearby. I am glad that they are built, bc every person renting here is one less competitor for the apartments in nicer neighborhoods nearby, but I am still shocked.
 
theBored said:
This is what I don't get about all of these new "luxury" developments in Everett. Who is going to rent these apartments? There are plenty of apartments at similar or lower prices available in ex. Malden or Melrose, close to the orange line. Even if they don't have nearby rapid transit, there are also way more walkable parts of Everett (I know, without new large apartment buildings, but plenty of apartments in older, smaller buildings). Every time I am in the area (mostly for the Chelsea MB, or to drop off some scrap metal) I am amazed that anyone would pick to live in these buildings when there are other options nearby. I am glad that they are built, bc every person renting here is one less competitor for the apartments in nicer neighborhoods nearby, but I am still shocked.
Click to expand...

There aren't a lot of new apartments in large complexes close to the core with all of the bells and whistles that certain folks look for -- i.e. expansive fitness centers, pools, secure package receiving systems, EV charging, etc. Also, many of the new buildings have space for commercial uses which should start to fill out as the neighborhood fills up. I've been pleasantly surprised by the streetscape improvements for many of these developments which include protected bike lanes, landscape buffers, etc. The transit accessibility isn't perfect, but it's not terrible with its walkability to the Chelsea CR station and the Silver Line. Just give it some time. Assembly was a no-man's land 15 years ago, but look at it now.
 
And ultimately some people just want to live somewhere new, clean, and seemingly gleaming and nice. If you're driving to some other suburb for work and you're close enough to Boston for when you need to get in, why not rent the brand new place that won't have some of the aging issues of older units that are maybe more "convenient".

And at the end of the day these are big rental properties owned by large real estate firms. If they're seriously overpriced they can use incentives or cut rental rates to get people in.

I'm sure these numbers are flawed, but Boston and Everett apparently have similar vacancy rates at under 2%. Prime time to build more and feast on that pent up demand if you can do it.

 
My post was really aimed at the people who think that places like this will lead to lower rents in the places where they want to live (read: not Everett). $2800 for a 1 is a lot of money.

It could be worse tho... could be talking about Marlborough.
 
12345 said:

650+ Units Planned for Everett Industrial Site

650+ Units Planned for Everett Industrial Site
www.bldup.com www.bldup.com
Click to expand...
Don’t make me cite a source (ha), but I recall very vaguely a proposal 10-15 years ago to build a new road to connect these parcels (and generally improve access) from where Santilli Highway now curves from north to east in front of Night Shift Brewing. It would have created a T intersection at the curve and involve a major easement or land taking from the BNY Mellon parking lot. I can’t imagine Everett allowing such a large residential development without better site access for emergency services (and other reasons) than currently constituted - multiple extremely large speed bumps through presumably private properties like Sky Zone from Air Force Road.
 
I'm not complaining, but 0.5 parking/unit at this location seems really bold. It must be a half mile walk to a bus stop, maybe 3/4 mile to Wellington. A bit of a hike to any groceries or stores, as well.
 
You must log in or register to reply here.

Back
Top