Overview
Once lost between the Financial District and the Boston Common, this emerging neighborhood is making its presence known in a major way. Though it has typically played second (or third) fiddle to the traditionally luxurious residential neighborhoods of Beacon Hill and Back Bay, a boom in new construction has put “Midtown” (aka Downtown Crossing) on the luxury residential map for good.
Location
With its centrality, public transportation infrastructure and luxury amenities, this area’s emergence was seemingly as inevitable as any in Boston. A Roache Brothers grocery store was introduced in 2015 further establishing Downtown’s acceptance as a lifestyle (24/7) neighborhood. Sales prices Downtown have matched some of the highest comps in more established neighborhoods making the frenzy to get into this ‘hood very real.
Lifestyle
Full service living (often synonymous with Tower living) is an idea that has not always been embraced in Boston. Downtown Crossing is now home to the most concentrated stock of these 21st century stunners. The full service craze began with the Ritz Carlton Residences which came out of the ground at the corner of Washington and Avery Streets in 2002 with over 200 condominium units. Since then, the following buildings have been built:
- 660 Washington St – 420 luxury apartments in 2006
- 45 Province Street – 137 condos in 2009
- The Kensington – 400 luxury apartments in 2013
- Millennium Place – 256 condos in 2013
- Millennium Tower – 442 condos in 2016
Future years promise additional high rise construction and a growing number of retail and dining options catering to the residents and professionals in the area.
Market Insights: Midtown
Start your search or sales process by understanding the data that drives the market.
$1,463
Avg. Price Per Sq. Foot
$1,310
Median Price Per Sq. Foot
72
Avg. Days On Market
70
Median Days On Market
148
NUMBER OF PROPERTIES SOLD*
50
NUMBER OF PROPERTIES LISTED
5.26
MONTHS OF SUPPLY
Data sourced from MLS Pin on single family and condo properties over $1 million.
Months of Supply: > 6 Months: Buyer’s Market | 4-6 Months: Balanced Market | < 4 Months: Seller’s Market
* Number of Properties Sold trailing 12 months.
Chic New American bistro in the Ritz-Carlton draws a bustling crowd with a modern menu & cocktails.
10 Avery St, Boston, MA 02111
(617) 574-7176
Legal Crossing is an urban neighborhood restaurant inspired by the vibrancy of Downtown Crossing, then and now. It’s a cross between all of the Legal Sea Foods concepts, evolved into a new, singular experience.
558 Washington Street, Boston, MA 02111
617-692-8888
Chef Ken Tominaga, Chef Michael Mina and MINA GROUP bring forth PABU, a modern take on traditional Izakaya-style dining. Tucked in on the fourth floor of Millennium Tower, this hip resto feels like the place to be on any night of the week.
3 Franklin Street, Boston, MA 02110
857.327.7228
RUKA inhabits the recently opened, swanky Godfrey Hotel in Downtown Crossing, focusing on contemporary Peruvian cuisine with a Nikkei (Japanese fusion) slant.
505 Washington St, Boston, MA 02135
Longtime family-run shop acclaimed for specialty sandwiches & only open for lunch on weekdays.
44 Province St. Boston, MA 02108
617.357.6861
Yvonne’s is a modern reinterpretation of the supper club – a place that effortlessly flows from dinner and drinks to lounging and revelry, where every visit offers an ever-evolving experience that lets the night take the lead.
2 Winter Pl, Boston, Massachusetts 02108
617-267-0047
In 2018, this second location of the acclaimed Boston Chops took the place of the almost forgotten Mantra nightclub.
