Wednesday, June 11, 2014

Condos Make a Comeback as Towers Rise From Boston to L.A. - Bloomberg

 

Condos Make a Comeback as Towers Rise From Boston to L.A.

By John Gittelsohn, Prashant Gopal and Hui-yong Yu Jun 11, 2014 12:01 AM ET

Source: Glodow Nead Communications via Bloomberg

Millennium Partners plans to open a sales center later this year for a 442-unit project in the Downtown Crossing neighborhood called Millennium Tower Boston.

Millennium Partners plans to open a sales center later this year for a 442-unit project in the Downtown Crossing neighborhood called Millennium Tower Boston.

For the first time since the U.S. housing crash, new condominium towers are sprouting in downtown Boston, Seattle and Los Angeles as developers bet on the return of the riskiest type of residential real estate.

Buyers are signing deals to reserve units in two new high-end projects in Boston. A 41-story tower rising in Seattle is the first phase of the largest condo development ever in the city. In Los Angeles, a 22-floor building is slated for construction later this year, the first ground-up high-rise condo project downtown since 2005.

Construction cranes also spike the skylines of - Read More >>  Condos Make a Comeback as Towers Rise From Boston to L.A. - Bloomberg

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