The Commercial & Residential Real Estate Projects Opening in Boston in 2024

The soaring costs of materials and scarcity of skilled labor may have posed challenges, but Boston's development projects are forging ahead, undeterred. Despite the obstacles, these ventures hold the promise of injecting fresh life into the city's real estate scene, offering a mix of residential and commercial spaces.

As we dive into the year 2024, here's a glimpse of what lies ahead:

A New Beginning: Residential Building Set to Open at Suffolk Downs

The redevelopment of Suffolk Downs is reaching a significant milestone this summer as the team prepares to unveil its first stunning residential building. After years of careful planning and hard work, the former racetrack site will soon give rise to a thriving mixed-use campus that promises to redefine the area's landscape.

A New Icon on Boston's Skyline: South Station Tower

Set to become a prominent feature of Boston's ever-evolving landscape, the South Station Tower is poised to make a powerful statement. Anticipated for completion in 2025, this soaring 51-story structure will secure its place as the fifth-tallest building in the city, standing tall and proud among its urban counterparts. Not only will it be an architectural marvel, but it will also offer an exclusive residential experience that redefines luxury. Hines, the visionary developer behind this project, has wasted no time in attracting potential buyers for its impressive collection of 166 luxury condominiums. The anticipation builds as this remarkable development paves the way for a new standard of urban living in Boston.

Breaking New Ground in Medical Innovation

Amidst the vibrant Seaport Innovation District of Greater Boston, a state-of-the-art 12-story building at 15 Necco St. has reached its final stage of construction. This groundbreaking development, spearheaded by acclaimed developer Alexandria, holds immense promise for the future of genetic medicine. One of the pioneers in the pharmaceutical industry, Alexandria has confirmed that the remarkable edifice will serve as the esteemed Lilly Institute for Genetic Medicine.

The presence of this renowned institute within the magnificent structure is a testament to the ongoing advancements in RNA- and DNA-based treatments. This cutting-edge facility will enable the pharmaceutical giant to further its groundbreaking research in the realm of genetic medicine. With its unrivaled innovation and unwavering commitment to improving lives, the Lilly Institute is poised to revolutionize the field and redefine the future of healthcare.