Winthrop Center | 115 Winthrop Square | Financial District

shmessy

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See I would think it would be the other way around. That 65+ folks would move to the suburbs where its quieter and higher income (100K+) millenials would flock to the city centers so they can be near the restaurants, theatres, museums, and eateries to meet up with their Hinge/Bumble/Tinder dates.

Medical Centers.....Doctors......no home/lawn maintenance......no school age children running around........

The burgeoning upper middle-to-wealthy 65+ demographic worked hard and invested all their lives to afford pampering, entertainment and service.

In my and my colleagues advisory practices throughout the financial planning industry, we are seeing newly retired/empty nest clients moving to condos/apartments. Less than 10% move to single unit housing. Once society starts adapting driverless pod technology in urban centers, the ease of urban lifestyle for the older upper middle class set will become even more pronounced.

Those numbers may very well be different for economic classes below upper-middle class (i.e. those who don't hire financial planners).

Compounding this is the very stark and growing economic disparity between those who are comfortably retired (with 20-30 years of extended life expectancy) and those in today's workforce being squeezed between lower real wages/benefits and longer work hours. This will become a larger social rift with all the implications going forward. Long story short, the demand for urban towers populated by semi to wealthy retirees will push younger workers out to the cheaper burbs (and will increase generational resentment).
 
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Massachoicetts

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See I would think it would be the other way around. That 65+ folks would move to the suburbs where its quieter and higher income (100K+) millenials would flock to the city centers so they can be near the restaurants, theatres, museums, and eateries to meet up with their Hinge/Bumble/Tinder dates.
As someone with 60 year old parents, they value walkability, accessibility, transit access, convenience and variety of restaurants/bars/shoppes/boutiques over suburbia. It's a trend I am seeing across a lot of boomer aged individuals compared to generations before. Whether it be moving from Westwood to Somerville, or Westwood to Beaufort SC.. I think Boomer aged retirees value those core principles of living over generations before. Gen X, Millenials and Gen Z will probably value walkability even more so by retirement age. But just something neat I've noticed happening. It's a reason why Lancaster PA is a booking retiree hub.
 

stick n move

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Its about time downtown gets a lit crown on its tallest tower.


*The best part is that its literally shaped like a crown!
 
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shmessy

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Its about time downtown gets a lit crown on its tallest tower.


*The best part is that its literally shaped like a crown!

Stick, I'll believe it when I see it.

Given the history of this kind of thing in Boston, I really don't believe it much at all.

Given the Perils of Pauline breath holding on THIS project's financing, I'll just be happy to see a topping off someday.
 

617

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Agreed...that’s an old render as well since the other tower got chopped. Wonder if the crown is still part of the plan.
 

DBM

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i'm too stupd to connect the dots ^^^ -- what are you getting at pls?
that it's possible the "private contractor" was a sub on this project, building-out utility tie-ins, and they busted the water main--sorry if my speculation was somehow vague but I thought my wording was actually quite explicit. Anyway, of course it also could've been any other of the billions of utility excavations that happen all the time in Downtown...
 

chrisbrat

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that it's possible the "private contractor" was a sub on this project, building-out utility tie-ins, and they busted the water main--sorry if my speculation was somehow vague but I thought my wording was actually quite explicit. Anyway, of course it also could've been any other of the billions of utility excavations that happen all the time in Downtown...
thanks for the explanation. the wording probably was/is quite clear; i just don't fully "get" certain elements of all of these projects.
 

DBM

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i just don't fully "get" certain elements of all of these projects.
You and me both--especially the subterranean component! (Although it goes without saying, this building needs to be "hooked-up to the grid," and that involves excavation--and excavation by definition incurs risk...)
 

chrisbrat

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yesssss ^^^ i hate that building like poison. anything to obscure, minimize, cover 1 beacon has my enthusiastic vote. that tower is the high-rise equivalent of this garbage that's all over the outer hoods.
 

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