276 Border Street | East Boston | Offering Memorandum

E A S T B O S T O N M A R K E T O V E R V I E W

East Boston is considered to be at the epicenter of development and an increasingly sought-after destination due to its convenient transportation access, views of the Boston Skyline and overall proximity to surrounding areas. Reduced housing costs in comparison to Boston proper, new construction, increased amenities, and public transit access have all helped attract residents to East Boston. With a population base of more than 44,000, the number of residents has steadfastly increased creating East Boston as one of Boston’s fastest growing neighborhoods. Recent demographic trends have led to increasingdemand for urban living/working, and subsequently, public transportation. Downtown Boston as well as connections to the Orange and Green lines are just a few short stops, via the Blue Line at Maverick Station or Airport Station, from East Boston — making the area ideal for young professionals looking for easy access to the city’s employment centers. Similar to the Seaport, East Boston has seen an uptick in housing construction over the last few years. More than 500 multifamily units have come on-line here since 2014 and another 1,200 units are currently under construction. While the large number of new residential developments (including many luxury projects) has led to increased home prices and rents in East Boston, the demand for new housing remains very strong. As Boston’s urban population and employment base expand further, strong development opportunities in East Boston will be highly desirable.

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