Thursday, November 17, 2005

Boston Real Estate Development

On Thursday, November 17, 2005 LINK Information Network and Boston Virtual Imaging sponsored a lecture series with the keynote speaker Mr. Jay Russo the Deputy Director of the Boston Redevelopment Authority. The conversation was about the development projects underway in Boston. Some of the key points from this lecture are as follows:

1. Presently Boston has 63 housing projects under review.

2. 101 housing projects are under approval.

3. 96 housing projects are currently under construction.

4. Since July 2000 there has been 13, 700 housing units built in the Boston area.

5. The approx amount of housing units under review for rentals is 1,000.

Other points of interest:

1. Boston has the largest number of 20-34 year olds in the country.

2. 72% of Boston's 20-34 year olds rent an apartment.

3. 53% of the 20-34 year olds in Boston have a B.A. degree or higher.

4. Boston is the 4th most densely populated city in the country with 12,000 people per sq. mile.

5. South Boston waterfront has 1,000 acres of undeveloped land.

More information on Boston real estate visit www.fordrealty.net

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