Buying a development opportunity in Powder House Square

Generally I don’t see a ton of development plays in this part of town but if you’re looking for one in Powder House Square I would target either large  lots with 7,500+ square feet or I would target multi-families with at least 3,500 square feet of existing livable square footage. Anything less on either of these points and I would not spend too much energy running numbers…it’s just really hard to make the numbers work otherwise. 

I suppose once in a blue moon crazy deals come up, either on or off-market at a crazy price and in those scenarios you could consider a quick flip, but we are talking about a needle in a haystack and you may be looking at a multi-year wait.

Regardless, if you would like to talk about your development criteria, whether in Powder House Square or elsewhere, give me a ring at 617-833-7457!