The City of Boston is set to launch a pilot program incentivizing the conversion of commercial buildings into residential spaces.  The program is anticipated to start this fall, and would offer reduced property tax rates for owners to immediately convert their commercial buildings to residential.  The reduction could be up to 75% over 29 years.  The Boston Planning & Development Agency (BPDA), the Mayor's Office of Housing (MOH) and the City of Boston Finance Cabinet will be facilitating the application process, with the goal of creating more housing in downtown Boston and bringing more traffic to the retail shops in the area.

Read more about it here.

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In addition to 371 luxury residences, Winthrop Center is also home to 20 floors of office space and they've just secured Boston's largest office lease to date in 2023 with New York-based Big 4 accounting firm Deloitte signing on as a tenant.  The company will be shifting its operations from the old Hancock building in Back Bay in 2024, moving over 3,000 employees to four floors at Winthrop Center.

Deloitte is the fifth company to sign on long-term at Winthrop Center, joining Cambridge Associates, Income Research & Management, McKinsey, and ECG Management Consultants.

Read more about Deloitte's move to Winthrop Center here.  Are you thinking of making Winthrop Center your home?  There are some unique options to try living in the building…

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All around the city and surrounding suburbs, free outdoor movies will be shown throughout the week and on the weekends this summer and into October.  From old classics to new Disney favorites, sci-fi and more, these offer something for everyone.  They'll be shown at:

  • Coolidge at the Greenway
  • Summer Flicks at Patriot Place
  • Boston Landing Outdoor Movie Nights
  • Friday Flicks at Boynton Yards
  • Summer Movie Nights at the Boston Kroc
  • Theatre Thursdays at Revere Beach
  • Family Flicks at the Prudential Center
  • Movies at the Mansion
  • Summer Sunday Movies at Christopher Columbus Park
  • CX Outdoor Movie Nights
  • Mayor's Movie Nights

Click here for more information about dates and times!

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When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking a close look at their wish list and re-evaluating what features they really need in their next home to avoid overextending. As a recent NerdWallet article says:

“A pool, for example, may be nice to have, but it may not provide as much day-to-day value as a garage or a space for a home office . . .”

While that pool may be appealing, think twice on whether or not it’s really something you must have to be happy in your next home. Is getting that pool the main reason you’re moving?…

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If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. 

To help cut through the noise and give you the information you need most, take a look at what the data says. Here are the top two questions you need to ask yourself about home prices and mortgage rates as you make your decision: 

1. Where Do I Think Home Prices Are Heading?

One reliable place you can turn to for that…

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