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Boston is widely regarded as one of the most bustling citiesto live in in the US.A major reason for this is that it has a unique blend ofdiversity and fascination that endears itself to many people who are lookingfor Boston Luxury Apartments.With a busy nightlife to look forward to andnumerous established sport franchises located in the city, it is very rare tonot fall in love with the city even after a short stay there.Recognizing thepotential economic boon of the city that it could bring, a named real estateinvestor from New York City is currently planning an upscale renovation forBoston luxury rentals.Having acquired a number of properties under his namethat are regarded as ancient structures and are over a centurys old, he iscurrently planning to revamp these obsolete buildings and turn them intomoney-making structures.With a keen eye for profits and a great foresight aheadof the other real estate investors, he has observed a general trend towards theshift in consumers preference towards upscale apartments these days.A total of$4 million was pumped into the project as part of the renovation process of hisapartment building, with the rents of the newly renovated units estimated to beworth more than 3 times of its original rental value before undergoing therenovation process.He also plans a compete top-to-bottom makeover in a 11-storybuilding; a revamped lobby area, new office space area on the lower floors andluxury apartments on the upper levels complete with a scenic rooftop garden totop it all off.Besides that, there is also a couple of real estate developmentand investment companies interested in owning a share of the Boston real estatemarket like Fenway apartments.A few companies have undertaken projects todevelop residential and commercial areas which they predict to be a fertileground for their real estate business to take root in. Article Tags: Real Estate
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