Boston's Top 10 Real Estate Projects to Look Out for in 2024

11-21 Bromfield St.: The Decade-Long Pursuit

Midwood Investment & Development's ambition for a tower at Bromfield and Washington streets has been a saga spanning over a decade. Initially proposed as a residential tower, the plan pivoted to a 23-story office building in 2020. Despite challenges, the Boston Planning and Development Agency's delayed decision on new height limits downtown sets the stage for a pivotal 2024.

Seaport Science Center: Life Sciences Await Tenants

BioMed Realty's completion of core-and-shell work on the Seaport District's Science Center brings anticipation for nearly 500,000 square feet of life sciences labs. As demand fluctuates, the project's success in attracting tenants will serve as a litmus test for Boston's biotech hub.

Massachusetts Convention Center Authority's D and E Street Development: A Year of Uncertainty

The drama surrounding the 1-million-square-feet lab and retail development in South Boston has been intense. With competing bids, leadership changes, and project controversies, the fate of this development remains uncertain in 2024.

South Station Tower: A Pivotal Year for Downtown's Skyscraper

Hines' 51-story South Station Tower, set to open in 2025, faces a crucial year. The focus is on securing a major anchor tenant for its office space and navigating condo sales in a market with challenging interest rates.

Harvard Enterprise Research Campus: A Glimpse into the Future

Harvard University and Tishman Speyer's groundbreaking in Allston for a lab complex, hotel, and apartments sets the stage for 2024. Attention turns to the life sciences leasing dynamics, with market observers keen to gauge interest in a project backed by Harvard.

One Harbor Shore Drive: Fan Pier's Final Frontier

Fallon Co.'s plans for the last undeveloped parcel at Fan Pier may materialize in 2024. With approvals in place, the focus shifts to finalizing financing and commencing construction on the 130-unit condo building, adding a luxurious living option to Boston's urban core.

Gillette Factory Redevelopment: A Transformation on Fort Point Channel

Procter & Gamble's Gillette plans to relocate manufacturing operations, sparking interest in redeveloping 31 acres on Fort Point Channel. As a letter of intent looms, the industry closely watches for detailed blueprints and potential development partners.

Suffolk Downs: The Rise of a Giant

The HYM Investment Group and National Real Estate Advisors' Suffolk Downs is set to emerge as a massive mixed-use development. With the opening of Amaya, the first residential building, in summer, the project begins its transformation into 10,000 residential units, along with additional life sciences buildings, stores, and hotels.

Parcel P3: Roxbury's Potential Transformation

HYM Investment Group and My City at Peace plan a mixed-use development in Roxbury. As the project progresses through the BPDA's review process, it aims to overcome challenges in lab demand and financing, hoping to revitalize the area with nearly 700,000 square feet of life sciences space, residential units, and cultural venues.

Benjamin Franklin Cummings Institute of Technology’s Roxbury Campus: Groundbreaking Anticipation

Delays notwithstanding, Franklin Cummings Tech's Nubian Square campus nears construction. With a finalized financial package, the groundbreaking is expected in spring, promising to infuse life into Nubian Square and catalyze broader neighborhood revitalization efforts.