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Boston's Record-Breaking Year in Development

Two new tower projects in Boston are waiting to be approved by City Hall.  There is currently a revised proposal to build a 46-story residential tower next to TD Garden in place of a four-story garage, and the first of four towers to replace the Government Center garage going through the Boston Redevelopment Authority’s vetting process. 

 

Since Mayor Marty Walsh entered office, 78 new development projects have been approved, totaling to almost $4 billion.

 

Many of these projects have not started yet, showing that the next few years in Boston are going to be very promising in terms of new development.

 

New office, residential, retail, and lab space construction have also increased from 4.5 million square feet in 2012 to 15.6 million square feet according to Nicholas Martin of the BRA.  He also says that Boston is in one of its most active points in history.