January 2, 2026 • 44 mins
Bradley Jay Filled In On NightSide with Dan Rea:
From towers being built over live train tracks to racetracks being turned into entirely new neighborhoods, Boston is always changing and progressing to serve the needs of its community. Learn about the city’s construction wave that will completely reshape The Hub’s daily doings this year with Joe Turco, Boston Real Estate Agent and host of the “Living in Boston Massachusetts” YouTube Channel.
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Speaker 1 (00:00):
It's NIC's Eyes with Dan Ray. I'm going easy Boston's
News Radio.
Speaker 2 (00:05):
Thank You Medicine. It is Bradley j for Dan Tonight
on Night's Side. I know you're gonna want to call
in on this one, so make sure you call in
and join the conversation at six one, seven, two, five, four,
ten thirty. There's development exploding all over Boston. Is it
affecting your neighborhood? It might might be things going on
you don't know about yet, maybe you'll find out about
them right now. Might affect your life, your property values,
(00:29):
your commute, you're well, your everything. Sixteen major developments at least,
and we have an expert on these developments. Here's how
I found Joe Turco. As I tell, as I tell
you often, I'm a YouTube person. I get the paid
version of YouTube so for obvious reasons, and I love
(00:51):
it because it's entertaining and I learned things and I
can really drill down on the areas I want to
know about, like local, local things. And then the algorithm
learns of all about Bradley Jay, and the algorithm threw
me this thing on development in Boston. Watch the video.
Excellent excellent YouTube video and an excellent channel, and I said, boy,
(01:15):
I got to talk to that guy. Happily I have
the power to find him. Producer Karen found him. His
name is Joe Turco. He's a Boston realtor and owner
of the Turko Group broken by e XP Realty. And
he's gonna tell us about these developments. Will probably go
(01:36):
from the biggest to the smallest, just in case we
don't have to time to get all of them in
the most impactful to the lesser impactful. And you probably
have opinions, if not about these developments, about development in general.
You like it, You like your little town on the
way it is. You don't want it disturbed, or maybe
(01:56):
you want some improvements, or maybe if there's development, you
have a certain way you want it. You want certain
things protected. So Joe's gonna tell us all about that
now here. He is live in the studio, just like
you like it. Ladies and gentlemen, presenting Joe Turco. How
are you doing.
Speaker 3 (02:15):
I'm doing great.
Speaker 4 (02:16):
Thank you so much for having me, Bradley. It is
an honor and a privilege. And can I say you're
a very distinguished looking gentleman. I know this is the radio,
but you have not just the voice for radio.
Speaker 5 (02:27):
But.
Speaker 4 (02:29):
For radio, because that's that's why I was making sure
not to come on man like you.
Speaker 2 (02:33):
Know, it look like if I take I wear a
bandana and a hat. I shouldn't be wearing either of those.
Now I'm wearing a hat now. But you know who
I guest said, I look like the other day, Stanley Tucci.
Can you see this Standucci?
Speaker 4 (02:47):
I can see it a little bit, but a little
bit means not really. Well, I was gonna say, I
see the upgraded version because he's got a little less
refinement than I'm seeing here. And can I tell you
I would pick you over him any day?
Speaker 2 (03:01):
Thank you very You're very kind. I will take this,
you know. I it would be great to be a
crust between Brad Pitten. I don't know, you know, but
I'll take Stanley Tucci. So and first, most compliment on
you on your videos. Your YouTube channel is very professionally done.
It gets a lot of visits, and you have cool equipment.
(03:24):
And I'm actually going to speak to you at another
date about the equipment you're using. Get some advice from
you on your YouTube channel. It's that good. You might
want to visit it. How can people visit it?
Speaker 4 (03:35):
Yeah, if you want to visit it, you have two
easy ways. You can either go to my website which
will have direct links, which is living in Boston dot com,
or if you just type in YouTube search for living
in Boston, you're going to see this big, energetic guy
with a green you know, kind of glow around him,
(03:57):
kind of like the Hulk, but you know, more Celtics friendly,
and you just click on that.
Speaker 3 (04:02):
That's me, that's me.
Speaker 2 (04:04):
I didn't I didn't notice the green. Oh, I see
the green. Yes, And I was shocked by the level
of the development taking place, and then said, boy, night
side audience is going to want to know about all
this because there's so much going on that ooh, you
know what kind of it's huge, But you don't really
know what's going on till all of a sudden you
(04:25):
show up at South Station and what, oh my god,
all of.
Speaker 4 (04:29):
A sudden there's a shadow. You're like, wait a second,
used to be a little bit warmer. Now now all
of a sudden, there's this thing block in the sun
because it's just so big.
Speaker 2 (04:36):
Yes, and by the way, not all development, of course,
has to do with where you live. There's certain development
like South Station, which is the transportation which affects hundreds
of thousands of people as they travel through the area.
It affects things. For example, you may or may not
know this. You may or may not know this, Joe
(04:58):
that maybe today or tomorrow this setting up toll gates,
so you won't even be able to get into the
track area without a ticket to click in this machine.
Speaker 3 (05:11):
Yep.
Speaker 2 (05:12):
So that's a little something to know.
Speaker 4 (05:13):
There's that, And I mean, the really exciting thing for
a lot of people is the fact that the new
speed rail opened from Boston to New York City and
it is a whopping forty five minutes faster.
Speaker 2 (05:25):
Yeah.
Speaker 4 (05:26):
I know, I know a lot of people are like,
wait a second, you said speed rail for five minutes. Yeah,
I mean, it's it's funny because if you look internationally, uh,
that would be a snail's pace. But for us, that
is a huge upgrade, and that forty five minute gain
is mostly due to you know, it being new, running
a little slower. I'm gonna bet by end of twenty
(05:47):
twenty six you're gonna get a full hour earlier all
the way from Boston New York City. And how's that tie?
Into South Station. Well, it's one of our biggest hubs
of how people transport around the area.
Speaker 2 (05:57):
I wish the SLO was not so expensive, though, I
wish something could be done about that.
Speaker 4 (06:02):
Well, it's funny that you mentioned that, because when people
talk about development, a lot of times, the biggest issue
or opinion they have is around the cost of what's
being built or developed, whether it's for residential or some
of the other developments. Everybody's saying, well, hey, like, what
can the average American, what can the average Bostonian, the
(06:23):
average Massachusetts person do to be able to stay where
they grew up if all that's being put up is
these luxury developments, correct, I can't afford that?
Speaker 3 (06:33):
Why do I care?
Speaker 4 (06:34):
Well, there's that trickle down effect, and in this case
it's actually real because Okay, some of those condos, they're
going to pay massive amounts of taxes which provide programs.
Speaker 2 (06:46):
Yeah, you know what. I know you say that, but
that's at least for me, and I bet for a
lot of the folks out there, I'm never going to
see that money. I'm never going to see a dime.
My life's not going to improve at all. They're not
going to fix the roads, see, which comes from gas
tax exactly.
Speaker 4 (07:00):
And that's the thing, is like understanding where the different
improvements come from. And yeah, the property taxes are going
to pay for things related to that, whereas the gas taxes, Like, hey,
you know, I don't want the gas taxes to go up,
but if they could promise that I'm not going to
lose a wheel going down anywhere if it actually got fixed,
oh I would I would pay extra for that.
Speaker 2 (07:22):
So New England, yep, tell me this. Are you in
favor of the development, let's say, in your town or
in the city of Boston or the greater Boston to
bring in more revenue at the expense of the of
the essence of the city. It's would you rather keep
Boston like it is, charming, old school European city or
(07:46):
would you rather sell it out to get some revenue
that you really never feel. I guess you could probably
tell them where I'm coming from. And you know what,
Before we get into the actual stuff, let me complain
a little bit more. I don't know why, folks in builders,
(08:07):
developers and system must have to do with the cheapness
of it, but glass buildings are so boring and so
generic and so on. Boston. Shame, shame, shame on anybody
that's involved with allowing the erection of these huge, glass
boring buildings. It just looks like big Hartford, like Hartford,
(08:31):
only big, which is sad. I want to see character,
even if it costs more. I don't care.
Speaker 4 (08:37):
Wait, are are we taking shots at the seaport already?
Speaker 3 (08:40):
We're taking it early.
Speaker 2 (08:42):
If that's if they want to perceive it as a shot,
they may come on Seaport. It's not too late. You're
going to do more building from now on. Try to
have a little character. There's the the big building that
they those buildings out behind the Haymarket station, the bank building,
(09:03):
big glass building. Birds fly into it and die. Yep,
it's a bummer. This is Boston. Let's try to let's
pay attention a little more, keeping it Boston. I know
there are these negotiations that take place. I know we
want revenue, but just say no, say you want to
build here. That's cool. This is Boston. These are the rules.
(09:24):
If you don't like them, go somewhere else. We're fine here,
We're really fine. That's That's That's where I'm at. Maybe
I'm wrong. Six one, seven, two five. Now, I we'll
take a break and we'll get to this actual development.
We'll start with the biggest one. Just give them where
is the biggest one?
Speaker 4 (09:42):
Well, I mean I think it's broken into a couple.
I mean we have obviously.
Speaker 2 (09:48):
I just want to tea just to tease.
Speaker 4 (09:50):
Yep, yep, the Bullfinch Crossing over you know, the government
Sarah Garaigera.
Speaker 2 (09:54):
All right, we'll do that one first coming up on wb.
Speaker 1 (09:56):
Z, it's Night Side with the d Boston's news radio.
Speaker 2 (10:04):
Now we'll get into the meat of this our section
segment with Joe Turco talking about the development huge development
areas in the Boston area and get some details on
what's going on there, because none of us really know
until it's done. So Joe, Bullfinch, the building in the
Bullfinch Plaza? Did you call it?
Speaker 3 (10:25):
Bullfinch Crossing Crossing?
Speaker 2 (10:26):
All right?
Speaker 4 (10:27):
Talk about that, Okay, So what that is is it's
a multi phase redevelopment, and what we're seeing is that
key components have been delivered it in more phases are planned.
So what I would kind of say about it is
it's like a two city block transit oriented redevelopment. It's
where we're getting in there, we're making it better.
Speaker 2 (10:49):
Where is it exactly?
Speaker 3 (10:51):
So it's right where Government Center garages?
Speaker 2 (10:56):
Okay, took me a minute there.
Speaker 3 (10:58):
Yep, No, that's okay.
Speaker 4 (11:00):
I mean it's not just like one building though. It's
like two point nine million square feet and it's across
two blocks, two blocks, two blocks. I mean, this is
pretty big.
Speaker 2 (11:09):
And it's two square like two by two yeah, two
big blocks by two blocks yep, which is more than
two blocks. Well yeah, well that's big. I mean it
makes a difference. It's two blocks long and two blocks deep.
Speaker 4 (11:22):
Yeah, I mean it's two point nine million square feet,
so I mean we're we're talking about a little bit
of acreage. But that's the thing is, it's basically restitching
Government Center into the city fabric. It's making it where
instead of being like ooh, it's like.
Speaker 2 (11:36):
Oh wait a minute, was it before?
Speaker 3 (11:38):
I mean depends on your Outlook.
Speaker 2 (11:41):
What streets are you talking about it? Because I don't.
I can't think of anything really ugly down there.
Speaker 4 (11:46):
I mean, it's not that it's ugly, it's more so
just that it wasn't exciting. And I'm not talking about
glass tower exciting because we both know you and I
agree on this. Yeah, glass towers are not exciting. It's
probably the boringest thing you can see. I'm just saying
like it hadn't been given any shine recently, and now
it's getting shine.
Speaker 2 (12:05):
So what's it going to look like? How tall is
it going to be, is it going to describe its walkability,
et cetera. And will there be I'm sure there will
be retail. I'm sure there'll be everything. And if you
happen to know, maybe you don't know what did who's involved?
Did the developer, what did the developer have to kick
in for the city.
Speaker 4 (12:25):
I don't know how much they had to kick in.
So I'm not gonna, you know, go there, But you know,
you got to look at it as this. It's where
they're putting in four new high rise in midrise buildings,
and you know, obviously they're gona have great views. It's
going to show the harbor, it's going to show the
north end, the financial.
Speaker 2 (12:41):
District, and the idea how high they are.
Speaker 4 (12:44):
So it's funny that you ask about that. The city
just changed the zoning and the air regulations to now
allow seven hundred foot buildings.
Speaker 2 (12:55):
So what was it before?
Speaker 4 (12:57):
Before it was significant less. I don't remember the exact amount, okay,
but it's it's gone up by about one hundred feet.
Speaker 2 (13:06):
One hundred feet. That's good, good information, perfect good good information.
And seven hundred feet. Yeah, so what do you figure
one story is ten feet? You're in a biz you
must know.
Speaker 4 (13:20):
I mean, that's one of the you know, more obscure ones.
If I'm going to be honest, I stick to the
marketing and the selling.
Speaker 3 (13:28):
But let's le let's se that's all right, We'll just
we'll just ball a park.
Speaker 2 (13:32):
It ten feet is a lot, so let's let's call
it ten feet. That would be seventy stories. I mean,
if we're more than ten feet, maybe fifty fifty stories.
Speaker 4 (13:43):
Yeah, I mean, if we were spit on, maybe we
say each story is between ten and fifteen feet tall,
that that probably would be a good estimate.
Speaker 2 (13:50):
Of Okay, how high is the prew The.
Speaker 4 (13:54):
Prudential building is five hundred and something.
Speaker 2 (13:57):
I mean stories wise, I can't remember. So it's going
to be.
Speaker 3 (14:00):
Like that tall, right, It's going to be taller taller.
Speaker 2 (14:04):
Okay, yep, you see this is significant stuff, and everybody's
going to have to get there somehow and get home
and that's a lot of traffic. What's another one of
the let's move on to the next development.
Speaker 4 (14:18):
Yeah, so, I mean that's the thing is, like, we
have so many that are going on.
Speaker 2 (14:23):
What's next?
Speaker 4 (14:24):
I think the next big thing is Winthrop Center. So
what it is is.
Speaker 2 (14:31):
Is it in Winthrop or just named after Governor Winthrop.
Speaker 4 (14:34):
It's just named after It's kind of you know what
the towers that Boston will be judged by. It's kind
of where this passive house certified office performance thing is
kind of really getting its place.
Speaker 2 (14:48):
Where is it.
Speaker 3 (14:51):
The exact address?
Speaker 2 (14:52):
We know the area?
Speaker 4 (14:54):
Oh yeah, yeah, right right downtown. The biggest thing about it.
Speaker 2 (14:58):
Is we're downtown.
Speaker 3 (15:01):
Give me one second. I'll grab that for you.
Speaker 2 (15:04):
I got to picture it.
Speaker 3 (15:06):
Yeah, no, I hear you, man, that's all right.
Speaker 2 (15:11):
I mean if you don't, we can move on.
Speaker 3 (15:14):
Yeah, just give me two seconds.
Speaker 2 (15:17):
No, No, we don't really have to.
Speaker 3 (15:19):
It's it's in the financial district.
Speaker 2 (15:20):
But yeah, it's a district. Now that's a monster too, right.
Speaker 3 (15:25):
That is a monster.
Speaker 2 (15:26):
I mean, tell me all about it.
Speaker 4 (15:27):
Well, so what this is is it is focused on
green It is focused on major sustainability benchmarks, and what
it is is setting up as an anchor point for
having this new type of building in Boston where it
is very green oriented, very eco friendly, and hitting all
(15:50):
these new benchmarks that are in development, not just in height,
but in how it is going to environmentally impact and
set up spaces where it's not just like oh hey,
here's this big either pretty or ugly depending on your
opinion building, but it's also where it's not going to
have this negative impact hopefully, like you said, not having Can.
Speaker 2 (16:13):
You describe the walkability factor? Like WHOA, A lot of
places have sidewalks, they plant trees, they call that walkability.
Is there something more than this?
Speaker 4 (16:22):
Not not for this particular one, So it's just sidewalks
and trees. No, it's it's more of how the building
is constructed and how environmentally.
Speaker 2 (16:32):
Efficient it's a green building.
Speaker 4 (16:34):
Yeah, a green building all right, you know, like like
a green car, but better because you know you're not
worrying about rebates.
Speaker 2 (16:40):
Okay, Now on these developments, yep. Is it something that
that area needed or is it basically a developer saying, yeah,
we'd really like to build a giant building here, so
we're gonna sell it, saying this stuff, we're gonna sell it, saying, oh,
we're gonna make this area green, going to do this.
It's it's really they want to make money. They come
(17:04):
to the city and say we'd like to make money,
and the city says, and our city is better about
this than most cities of extracting concessions from them. But
the area would have been fine without this, right. It's
it's it's an entity wanting to make a bunch of money.
Speaker 4 (17:21):
I would say it is eighty five percent that in
this specific instance, and then I would say it's probably
fifteen percent. We're like, okay, like, you know what, it
could have used a little shine, you know, a little polish,
not saying glass. But again, you know, everything needs its
update every once in a while. But I would say predominantly, Yeah,
I mean this is how many blocks?
Speaker 2 (17:41):
Is this?
Speaker 4 (17:42):
So that one is not blocks that that's mostly just
like one block.
Speaker 2 (17:49):
One building. Yeah, okay, So the one in Bullfinch Crossing?
Is there really going to change the face of that
area a lot? Yes, and it will be nice, I'm sure.
By the way, how do you feel and anyone else?
Six month seven, two ten thirty about what they did too?
(18:10):
Governments Governments sent to plaza. I kind of like it.
I like all the trees, and it does look a
little barren, but I know they wanted a space for
performances and things, so that needs to be wide open.
And they did some fancy water recapturing thing in there
as well that I like. So I'm pretty happy with it,
especially as those trees grow. Are you into real estate?
(18:33):
What's your opinion of the City Hall architecture A brutalist architecture.
Speaker 4 (18:40):
I am a big fan in anything but Boston, So like,
if it's somewhere else, I like brutalis architecture, but like
that just big concrete block looking stuff.
Speaker 3 (18:51):
You know, I don't like it.
Speaker 2 (18:53):
So you like it in theory, but not in my backyard.
Speaker 4 (18:56):
Yeah, it's just not Boston. It doesn't fit for it.
I don't feel like just a big cement block is Boston.
I feel like, you know, Brownstone is Boston. I feel
like having some architectural details, like I know what you mean.
If it looks just like a concrete block on its
side that doesn't have any detail, that doesn't have any
character to me, that doesn't speak to me, that's just.
Speaker 2 (19:15):
Like they're Yeah, folks, are you in favor of development
in Boston to get more revenue in here so they
can spend it on who knows what would you like
to kind of rein it in and keep Boston Boston.
My opinion on that building is this. Initially, I didn't
(19:36):
like it initially, meaning my first decade here in Boston,
maybe my second decade here in Boston. But as these
faceless glass towers started to go up, I started to
love it because at least it had some personality and
all lighting is everything, as you know in the business
(19:56):
of real estate, and when they light it correctly, looks
kind of cool. It has a personality, and it's been
there so long it's really has some history attached to it.
It's a the phrase dirty old Boston. It's a dirty
old city hall, and I kind of like it. Now.
After this we'll go to Gino and Waltham and we'll
(20:17):
talk about some more of the developments coming up in
the Boston area. If we can get to some that
are outside a little bit, in any of the outside towns,
that would be fantastic, because I want to include the
neighborhoods and more people than lived just downtown Boston. It's
coming up on WBZ.
Speaker 1 (20:35):
It's Night Side with Dan Ray on WBZ, Boston's news radio.
Speaker 2 (20:40):
Thanks for being with us tonight on wb Z Bradley
J for Dan Ray. We're talking about Boston development. Are
you a fan of more Boston development to bring in
some more revenue or are you concerned about Boston losing
its character and becoming just like a big Hartford? Sorry Hartford.
But when I when I drive by Hartford, I say, boy,
(21:02):
I'm glad Boston doesn't look like that.
Speaker 4 (21:04):
I mean, isn't it really where you know, Hartford and
all of Connecticut really is just kind of a truck
stop between city.
Speaker 2 (21:10):
I don't want to be too mean to Connecticut, but
I will say this. One time I was taking the
train back from New York and it was so crowded.
It was a Sunday night, and it's thought, it's so crowded.
Standing remotely, said I can't take it. I'm going to
get off at some random city and have a beer
in a pub somewhere and wait for the next train.
(21:32):
It has to be less crowded, get off the train,
find out no alcohol. Who was allowed? And I don't
know if it was just that town. I don't know
the rules there I don't know if it was just then.
I think it was Sunday, and you know, I collapsed
in despair. How am I going to spend the next
four hours waiting for the next train. What a catastrophic
mistake I've made? So that obviously is my dealings with
(21:58):
with that town. Let's find out before we talk about
further development in Boston, we'll talk to Geno in Walthan.
Speaker 5 (22:03):
Hello, Gino Bradley, Happy new Year, Happy new Year to
your guest.
Speaker 4 (22:08):
Thank you, Jame, Joe, Joe Turco love hearing from me.
Speaker 5 (22:13):
Man, how you, Joe, Joe Churko, how are you? I
got to say, I'm not a fan of new development
in the sense that you just described these seven hundred
foot buildings, which are pretty much going to be four
city blocks of prudential buildings. And to take that the scope,
I know you're not fans of the glass buildings, but
(22:35):
you probably aware that the commercial rate right now it's
like twenty three percent, vacancy's almost twenty five percent.
Speaker 2 (22:42):
Yeah, that's an interesting factor. Ill we'll try to figure
out why that is later. Joe might know because he's
in the realty.
Speaker 5 (22:48):
Business right and building these He said, how many how
many squire fee? He said, like two million square feet?
Speaker 2 (22:58):
Well the one in both Ins crossing as two point
nine million point nine million.
Speaker 5 (23:03):
I'm so short of three million square feet. And if
you don't have people to go in there and create businesses,
because it seems that brick and mortar businesses have taken
it on the kin in the past ten years, since
that big sea word we had back five six years ago.
It just it just seems kind of useless to build
something like this. Will anybody come?
Speaker 2 (23:24):
Yeah, So A, it's a pretty small space and very
popular area and growing, and they must just figure that, yes,
if we build it, they will come. And and b
they must think that this downturn is temporary. And see
maybe it's cheaper to build now for some reason because
because there the demand for workmen and perhaps materials is cheaper.
(23:48):
I don't know, you probably know that, Joe.
Speaker 4 (23:50):
Yeah, well we had during that you know, big seaword,
a spike in materials and supply chain and costs went
through the roof. So yeah, people are affected by that,
and they took it, like you said, call her on
the chin for a couple of years during that time.
So like any business, they're probably trying to recoup, because yes.
Speaker 3 (24:12):
Trying to recover.
Speaker 2 (24:13):
You think that was this problem is a result of I.
Speaker 5 (24:17):
Mean to break it quickly, just to break it down.
I mean, simply a two by four costco used to
be like ninety seven cents. It's over four dollars now,
and the class isn't going to come down as long
as we keep building. Just that to put it in proportion.
I'll listen to the rest of it off. Yeah, great joke, Bradley,
Thank you again.
Speaker 2 (24:37):
Gino. It's you're a good caller, and this first. I
haven't talked to you for a long time. I hope
you become a regular.
Speaker 5 (24:42):
Love you long time WBC umbrella.
Speaker 2 (24:45):
Okay, good, nice to hear.
Speaker 3 (24:49):
I love it.
Speaker 4 (24:49):
I love those type of callers that come in year
after year, keep coming back. And that's the thing is
like he hit it square on the head. Yeah, every
business has cycles, the city has cycles. The cost was
extremely expensive a short time ago, and now we've had
a little relief on that, so they're trying to catch.
Speaker 3 (25:06):
Up on the.
Speaker 2 (25:09):
Relative discount.
Speaker 4 (25:11):
Yeah, I mean, who wouldn't I mean, if it cost you,
you know, four dollars, like you said, for the two
by four, but you suddenly could get it for you know,
a dollar.
Speaker 3 (25:20):
I mean, I'm going to jump on that.
Speaker 2 (25:22):
Here's another quick question regarding realty. Who can live in
who can afford to live in Boston? The answer is,
as everyone knows, no one, no normal human being can
live in Boston anymore. That's too bad. And that's another's
that's just another side effect of these luxury condos. Is
(25:43):
it true that lots of those bought by people who
never go never come there. Ye're bought by folks in China, Japan,
et cetera. As you know, maybe they're a place for
their kid while they go to they buy them a
ten million dollar place for the kid while they go
to MIT, and then they just keep it as it
doesn't really add to the community much. What's you know
(26:06):
that who buys these things?
Speaker 4 (26:08):
So yeah, I would say Boston is the most European
city in the United States.
Speaker 2 (26:13):
Now owned by Europeans.
Speaker 4 (26:15):
Oh no, I mean, I mean just style wise, and
but I'm getting to it. We have a huge amount
of international clients that want to purchase for various reasons.
So I think what you're talking about is half truth,
half Herban legend, where you know, the ten million dollar
price point. No, But if you're saying a million, a
(26:37):
million five, absolutely correct.
Speaker 2 (26:39):
A million five. What can you get for a million five?
Speaker 4 (26:41):
You can get like a two bedroom a little condo.
But you can get it in East you can get
it over in Allston. I mean we're not talking Beacon Hill,
Back Bay, but we're talking about you know where people
can make a little bit of an investment for their kid,
keep it after and rented to students.
Speaker 2 (26:57):
Two point five mili in Austin.
Speaker 4 (27:01):
Austin will get you a lot. I mean, I'm not
talking six.
Speaker 2 (27:04):
You get in Austin for two point five million, one
floor of a triple decker.
Speaker 4 (27:08):
I mean you can definitely get that. I mean you
can get usually like a three bedroom with you know,
a decent amount.
Speaker 2 (27:14):
Of space and what location you can do this for sure?
What's the interest rate right now?
Speaker 4 (27:20):
So the interest rates obviously fluctuate, but we're looking at
rates between and again I'm not a loan officer, I'm
just a justquation. But between six point five and seven.
Speaker 2 (27:31):
Let's call it. It's called it seven. Sure, So if
you put can you're a real estate persent? Can you?
So you put what's the minimum you can put.
Speaker 4 (27:39):
Down now, No, No, you can put down as little
as zero percent for certain people.
Speaker 2 (27:46):
So like you have a VA line to buy that
special insurance Morgan insurance, if you pay less than twenty
percent down.
Speaker 3 (27:53):
Yes, PM I am I yep, exactly.
Speaker 2 (27:56):
So you'd want to put down twenty percent when.
Speaker 4 (27:59):
You'd want to in the best situation. But like anything renting,
is you're paying someone else's mortgage. I'd rather pay my
own mortgage and get that appreciation.
Speaker 2 (28:09):
I hear that all the time. I'm just trying to
figure out how much that one floor of a triple
deck in Allston's going to cost our month. You must
have a little machine right there that can.
Speaker 3 (28:22):
Figure that out. Yeah, we can pull out that.
Speaker 2 (28:24):
Because I want to know if anybody can affoid that,
that's all right, pretty much unaffordable I think. And then
you know, it's the same thing in East Boston. Nobody
can live in Boston Boston at all, right.
Speaker 4 (28:39):
Yeah, I mean it really depends. It is always going
to be based around kind of what your income is.
Speaker 2 (28:46):
We know that you must work with some high end clients.
Speaker 4 (28:51):
I work with everyone. So this is this is where
I tell people I am a luxury broker. But luxury
does not mean price point, it means level of service.
Speaker 2 (29:01):
While you're looking that up, I get that we're going
to talk about an assembly development. But in addition to that,
I want to give you some details about the Craft Stadium.
Speaker 3 (29:11):
I love it.
Speaker 2 (29:12):
So this comes from probably the Boston Globe. Craft Group
bridges deal with Boston and Effett to move forward with
Revolution Soccer stadium, And strangely, I have no problem with this.
I'm fine with it, and it will affect me because
I go right by there whenever I come to the
iHeart headquarters. Here. Let me let me tell you what
(29:36):
the dealing about. The deal they made pretty interesting from
this article in the Boston Globe, New England Revolution may
a step closer to getting a new stadium and Everett
after the Craft Group and Michelle Wou announced an agreement
on Wednesday to compensate Boston for the expected effects and
(29:56):
traffican transit and by the way, last night, I guess
Chris Dempsey Trees, as former Transportation secretary, mentioned that in
other cities, other cities pay these groups to come in.
In our city, we expect something back for allowing them in,
and the Boston should be proud for that. The agreement
with Made was worth over forty eight million spread over
(30:19):
fifteen years, with most of the mine going to infrastructure
improvements and other improvements in neighboring Charlestown. Well, that's cool,
and I'm glad it's the Crafts the Boston neighborhood that
most Charlestown will be very affected by crowds coming to
the games, but probably be good for business. And meanwhile,
(30:39):
in effort the inevert, the Crafts reach a similar but
separate community impact agreement with the outgoing mayor, Carlo da Maria,
making it one of Carlo's last big accomplishments, and among
other things, the Evert Deal. This is the Evert deal
now includes twenty million to build a four acre waterfront
(30:59):
pop along the Mystic River, which I'll probably be able
to see right on the Orange Line as I go by,
and more each yier to maintain it. So that's pretty cool.
I was thinking how much how stressful it must be
to be a lawyer and have to remember, oh, yeah,
I need to ask for money to maintain it too.
What if I were the lawyer and forgot that agreement
(31:21):
also includes seventeen point five million for new entrance to
the Orange Lines assembly station in Summerville for access to
a pedestrian bridge slated to cross the Mystic. And it
also calls for a two dollars and twenty five cent
ticket fee for the city's benefit. And Everett officials value
(31:45):
their agreement at more than ninety million over a twenty
year period, And I just think that's I'm fine with that.
And I don't live there, but it does. It'll affect
my commute when I'm going up to you know, doing
things I need to do. But I'm perfectly happy with that.
(32:06):
And congratulations on what seems to be a good deal,
uh for all. Now we're back to the Joe Turco.
We altered to the stars and everyone to find out
how much it's gonna cost us. We've just let's pretend
we've just you've just shown us this nice redone floor
(32:31):
through floor on a triple decker in Austin where you
say it's two million, two millions. Oh, you found a deal.
It was two point five before, but now it's two yep.
Speaker 3 (32:40):
Okay, easy round numbers.
Speaker 4 (32:42):
Okay, So like you said, we want to send down,
we're gonna put twenty Okay, Okay, just to go with
your example of the old school way, you know.
Speaker 2 (32:52):
So both of those factors will make their number a
little bit more palatable.
Speaker 4 (32:57):
Well a little depending on how you feel about that.
So twenty percent of two million is four hundred thousand.
Speaker 2 (33:04):
Yep, So you're gonna put that down.
Speaker 4 (33:05):
Yeah, put that down. That's not even your closing costs,
that's not your real turfees, you know, that's just four
year loan okae k four hundred K. Now, I went
on Chase because again I'm not a loan officer, and
I just punched in the numbers, put in our allstin
zip code for Suffolk County, and what they popped out
(33:27):
was like, okay, hey, you can get a rate of
six percent, and if you have good credit this is
assuming way, Yes, good credit, and your principal and interest
payment each month will be nine thousand, five hundred and
ninety two dollars and eighty one cents. And that's putting
four hundred thousand dollars down.
Speaker 2 (33:44):
Okay, So I did. I owned a place one time
and I hated being an owner. And in order to
buy this place in Austin, you're gonna have to come
up with four hundred k yep. And you're gonna have
to come up with nine k a month.
Speaker 3 (34:02):
Well, let's round it up to time, because it was.
Speaker 2 (34:04):
Okay, fine, ten k a month. Now you you pooh
poohed the rental of renting, saying you're paying somebody else
there's Morgan mortgage. True, but you can pay rent for
a lot of months with that with with the four
hundred k. Let's say it was two thousand, two thousand
(34:25):
a month. For that's how many months you do them.
Speaker 3 (34:30):
That's gonna be a lot of months.
Speaker 2 (34:32):
Yeah, two hundred months or something like that. Yep.
Speaker 3 (34:36):
And and and that two.
Speaker 2 (34:37):
Hundred months is how many years, many years, many years.
And that's not even encountering the the nine grand a month.
So in other words, who can live there? Only rich people,
even in Austin. Yep. So there you go. That's your
(34:58):
development deal, folks. I myself am a renter. I'm going
to be a renter forever because I there's the freedom
in it. It's a bummer. I have a friend who
at a place I'm just over the bridge, one of
the bridges in New York and had a beautiful view
(35:18):
of the Brooklyn Bridge out of condo and then somebody
else bought another, built another building and blocked her view. Yep,
that's a bummer of owning. And once you find out
that's happening, it's too late. You stuck with it. And
so I'm just a renter. And I don't even mind
if I had to have a roommate and split the rent.
(35:38):
I like it, get a good roommate. Thumbs up that.
I know that's a small ball away to live, but
that's that's kind of who I am.
Speaker 4 (35:46):
Well, I think what it goes to is there's different
personality types and different things that we value. Like some
people look at this as our forced savings are forced investment.
Other people, like yourself, I'm assuming, like the freedom to say,
you know what, I love it on the side of town,
but I want to try this one. And you get
(36:06):
to do that at your discretion and there's no penalty to.
Speaker 2 (36:09):
It, right. I owned a place in the South End
and one of my favorite part of my street was
the only street that didn't get They said, well, it'll
become nice in a few years. Nope, not my street. Yeah,
And I got rid of it and that allowed me
to move in. I just happened to have a great opportunity.
(36:31):
I got to live on West Street, which is right,
which is the street from Park Street Station to fin
Leans On in right downtown, in a loft, twenty foot ceilings,
giant windows. When I would do my mixtapes for my
radio show, I'd be looking out at the Statehouse Dome
and I could late at night the lights from the
(36:54):
Park Street Church would come in and if I had owned,
I'd been stuck and I never would have had that. So,
folks out there, there's no shame in renting. If it's
a matter of finding a deal, you get freedom. You
can tell the landlord to fix the toilet. You're not
You're not on the hook for much liability. I understand
the the financial benefits completely of buying, but I feel
(37:20):
like most of us, like me, just we're out of it.
The only way I could buy something is to go
to get a shack in New Hampshire.
Speaker 4 (37:31):
Well here's the fun and interesting thing, because I have
many friends that do this, and I'm an advocate for
both love lifestyles. Just to be clear, everyone, I love
when you buy, I love when you sell. I love
when you rent. But I have many friends that choose
to rent their primary residence and then they buy investment
properties sometimes in other states where it's more economical, and
(37:52):
then they're the landlord.
Speaker 2 (37:53):
That's a good idea.
Speaker 3 (37:54):
Income I can see that, and they're appreciating.
Speaker 2 (37:56):
What about this just buying property? Yeah, I have a
friend who really got into buying cheap property in Vermont
in New Hampshire. Yep, just the property, just to sit
on it and share it and wait for the value
to go up. That's kind of interesting because you don't
have to worry about if you own a place with
(38:17):
a house.
Speaker 3 (38:18):
On it, it's different taxes.
Speaker 2 (38:20):
Different taxes. You gotta worry about plowing, you gotta worry
about people going in and tearing out all the copper, vandalism,
a whole bunch of stuff. Ihability, and just the properties.
It's kind of easy. So yeah, renting here and owning
somewhere else might be just a thing, good idea.
Speaker 3 (38:39):
Well, I mean, do you do you do that?
Speaker 5 (38:41):
You?
Speaker 2 (38:41):
Uh, hook people up with realtors in other states?
Speaker 4 (38:45):
Right, oh yeah, And we love to connect people. But
that's the thing that people don't realize is there's options
and if you talk to a great agent. I'm not
talking a hobby person. I'm talking about a real business person.
They're going to show you all the different ways that
you can be flexible and you can either make money
or make great investments or change your life through real
(39:06):
estate that you just had no idea about because you
don't know what you don't know.
Speaker 2 (39:09):
Right, We didn't really talk much about the South STATIONI development. Yep,
do you know a lot about that?
Speaker 3 (39:14):
Yeah?
Speaker 2 (39:14):
I mean, all right, let's take a break and talk
about that because that affects a lot of people. And
we'll also talk to David in San Francisco. We will,
we will chat I shouldn't say talk to We will
chat with you, David in San Francisco. After this on WBZ, you're.
Speaker 1 (39:30):
On Night Side with Dan Ray on WBZ Boston's news radio.
Speaker 2 (39:36):
Rably J for Dan talking to Joe Turco about development
in the Boston area where it is and the effects
of it and and basically the cost of maybe buying
anywhere in the Boston area. Really getting down to the
numbers pretty shocking. Right now, we go to David in
San Francisco. Speaking of shocking numbers, They're pretty shocking out there,
(39:58):
aren't they. As a realist. Eight numbers in San Francisco too.
Speaker 6 (40:02):
H David, Oh, yeah, absolutely. I don't know if you're
familiar with old Robert Moses down in New York City,
but we had a similar scoundrel, justin Herman out here,
and he was he back in the late fifties.
Speaker 2 (40:20):
Just for the record, name names and say bad things
about them, just for me. Thanks.
Speaker 6 (40:27):
Well, Well, the point was was they were trying to
make San Francisco become the oasis for the rich, and
they wanted to drive the poor out of San Francisco,
and so they intentionally drove properties down.
Speaker 2 (40:41):
Just how do you know they intentionally wanted to I
haven't I haven't read the book. I don't know. According
to you, they intentionally did okay, go ahead.
Speaker 6 (40:53):
That was the San Francisco Housing Authority, he ran it
and the development agency in it. And it was only
because the hippies came here in the mid sixties that
had blew apart his whole plan. But it's yeah, it's
been vastly going toward the same scheme again. And I
(41:14):
was just going to raise as you were talking about
property development and in fighting corporations in if you think,
you know, we're two hundred and fifty years into seventeen
seventy six, And the logic back then was they didn't
want to be a colony of not just the King,
but the thirteen corporate The thirteen colonies were thirteen corporations,
(41:39):
and that they were sucking all the money back to
their headquarters and never reinvesting in the local towns. And
so when you do redevelopment, you want to make sure
you're not becoming a colony of some corporation. And San
Francisco's kind of figured that out. We've gotten boards, the
supervisors that have that on their minds, but on occasion,
(42:02):
zoning boards and the planning boards can get duped into
allowing corporations to come in and build fly by night,
leaning buildings and all sorts of different things that turned
the town into a colony. Again, it's only because we
have certain neighborhoods, like if the financial District is in trouble,
(42:26):
that doesn't bother the hate Ashbury, it doesn't bother the Castro.
You know, they each have their own economy. Japan Town
has its own economy, the mission has its own economy.
And as a matter of fact, Ben Franklin wrote economy.
Speaker 2 (42:42):
I mean, you can say that, but they don't I
mean they're all part of the same city.
Speaker 6 (42:47):
Right, Well, say, for example, the hate Ashbury, you don't
find corporate chains up in there.
Speaker 2 (42:56):
All right, that's a very good point. I like you
the idea that you put out there, the image of
a neighborhood being a colony of a corporation, that is
very interesting. Amount of time, Joe Turko, great, thank you
for coming in here. The time flies. One hour just
is not enough to get it all done.
Speaker 3 (43:16):
Oh.
Speaker 4 (43:17):
I love being here, man. I love being able to
you know.
Speaker 2 (43:19):
Yeah. And so since we didn't have enough time to
dig deep, where can people get in touch with you?
Speaker 4 (43:26):
The best place to get in touch with me is
my website Living in BOSTONMA dot com. You can shoot
me an email, my phone numbers on there. I love
talking to people, and uh yeah, I can't wait to
hear from all of you.
Speaker 2 (43:38):
Thank you. Joe Turko, Boston realta, owner of the turk
Go Group brokered by exp Realty. We're gonna learn some
managers coming up. We have an etiquette instructor gonna save
you some embarrassment at dinner, in the workplace, at a
dinner party. You're gonna love this. It's gonna be Fun.
Coming up on WBZ News Raid ten thirty
It's NIC's Eyes with Dan Ray. I'm going easy Boston's
News Radio.
Speaker 2 (00:05):
Thank You Medicine. It is Bradley j for Dan Tonight
on Night's Side. I know you're gonna want to call
in on this one, so make sure you call in
and join the conversation at six one, seven, two, five, four,
ten thirty. There's development exploding all over Boston. Is it
affecting your neighborhood? It might might be things going on
you don't know about yet, maybe you'll find out about
them right now. Might affect your life, your property values,
(00:29):
your commute, you're well, your everything. Sixteen major developments at least,
and we have an expert on these developments. Here's how
I found Joe Turco. As I tell, as I tell
you often, I'm a YouTube person. I get the paid
version of YouTube so for obvious reasons, and I love
(00:51):
it because it's entertaining and I learned things and I
can really drill down on the areas I want to
know about, like local, local things. And then the algorithm
learns of all about Bradley Jay, and the algorithm threw
me this thing on development in Boston. Watch the video.
Excellent excellent YouTube video and an excellent channel, and I said, boy,
(01:15):
I got to talk to that guy. Happily I have
the power to find him. Producer Karen found him. His
name is Joe Turco. He's a Boston realtor and owner
of the Turko Group broken by e XP Realty. And
he's gonna tell us about these developments. Will probably go
(01:36):
from the biggest to the smallest, just in case we
don't have to time to get all of them in
the most impactful to the lesser impactful. And you probably
have opinions, if not about these developments, about development in general.
You like it, You like your little town on the
way it is. You don't want it disturbed, or maybe
(01:56):
you want some improvements, or maybe if there's development, you
have a certain way you want it. You want certain
things protected. So Joe's gonna tell us all about that
now here. He is live in the studio, just like
you like it. Ladies and gentlemen, presenting Joe Turco. How
are you doing.
Speaker 3 (02:15):
I'm doing great.
Speaker 4 (02:16):
Thank you so much for having me, Bradley. It is
an honor and a privilege. And can I say you're
a very distinguished looking gentleman. I know this is the radio,
but you have not just the voice for radio.
Speaker 5 (02:27):
But.
Speaker 4 (02:29):
For radio, because that's that's why I was making sure
not to come on man like you.
Speaker 2 (02:33):
Know, it look like if I take I wear a
bandana and a hat. I shouldn't be wearing either of those.
Now I'm wearing a hat now. But you know who
I guest said, I look like the other day, Stanley Tucci.
Can you see this Standucci?
Speaker 4 (02:47):
I can see it a little bit, but a little
bit means not really. Well, I was gonna say, I
see the upgraded version because he's got a little less
refinement than I'm seeing here. And can I tell you
I would pick you over him any day?
Speaker 2 (03:01):
Thank you very You're very kind. I will take this,
you know. I it would be great to be a
crust between Brad Pitten. I don't know, you know, but
I'll take Stanley Tucci. So and first, most compliment on
you on your videos. Your YouTube channel is very professionally done.
It gets a lot of visits, and you have cool equipment.
(03:24):
And I'm actually going to speak to you at another
date about the equipment you're using. Get some advice from
you on your YouTube channel. It's that good. You might
want to visit it. How can people visit it?
Speaker 4 (03:35):
Yeah, if you want to visit it, you have two
easy ways. You can either go to my website which
will have direct links, which is living in Boston dot com,
or if you just type in YouTube search for living
in Boston, you're going to see this big, energetic guy
with a green you know, kind of glow around him,
(03:57):
kind of like the Hulk, but you know, more Celtics friendly,
and you just click on that.
Speaker 3 (04:02):
That's me, that's me.
Speaker 2 (04:04):
I didn't I didn't notice the green. Oh, I see
the green. Yes, And I was shocked by the level
of the development taking place, and then said, boy, night
side audience is going to want to know about all
this because there's so much going on that ooh, you
know what kind of it's huge, But you don't really
know what's going on till all of a sudden you
(04:25):
show up at South Station and what, oh my god,
all of.
Speaker 4 (04:29):
A sudden there's a shadow. You're like, wait a second,
used to be a little bit warmer. Now now all
of a sudden, there's this thing block in the sun
because it's just so big.
Speaker 2 (04:36):
Yes, and by the way, not all development, of course,
has to do with where you live. There's certain development
like South Station, which is the transportation which affects hundreds
of thousands of people as they travel through the area.
It affects things. For example, you may or may not
know this. You may or may not know this, Joe
(04:58):
that maybe today or tomorrow this setting up toll gates,
so you won't even be able to get into the
track area without a ticket to click in this machine.
Speaker 3 (05:11):
Yep.
Speaker 2 (05:12):
So that's a little something to know.
Speaker 4 (05:13):
There's that, And I mean, the really exciting thing for
a lot of people is the fact that the new
speed rail opened from Boston to New York City and
it is a whopping forty five minutes faster.
Speaker 2 (05:25):
Yeah.
Speaker 4 (05:26):
I know, I know a lot of people are like,
wait a second, you said speed rail for five minutes. Yeah,
I mean, it's it's funny because if you look internationally, uh,
that would be a snail's pace. But for us, that
is a huge upgrade, and that forty five minute gain
is mostly due to you know, it being new, running
a little slower. I'm gonna bet by end of twenty
(05:47):
twenty six you're gonna get a full hour earlier all
the way from Boston New York City. And how's that tie?
Into South Station. Well, it's one of our biggest hubs
of how people transport around the area.
Speaker 2 (05:57):
I wish the SLO was not so expensive, though, I
wish something could be done about that.
Speaker 4 (06:02):
Well, it's funny that you mentioned that, because when people
talk about development, a lot of times, the biggest issue
or opinion they have is around the cost of what's
being built or developed, whether it's for residential or some
of the other developments. Everybody's saying, well, hey, like, what
can the average American, what can the average Bostonian, the
(06:23):
average Massachusetts person do to be able to stay where
they grew up if all that's being put up is
these luxury developments, correct, I can't afford that?
Speaker 3 (06:33):
Why do I care?
Speaker 4 (06:34):
Well, there's that trickle down effect, and in this case
it's actually real because Okay, some of those condos, they're
going to pay massive amounts of taxes which provide programs.
Speaker 2 (06:46):
Yeah, you know what. I know you say that, but
that's at least for me, and I bet for a
lot of the folks out there, I'm never going to
see that money. I'm never going to see a dime.
My life's not going to improve at all. They're not
going to fix the roads, see, which comes from gas
tax exactly.
Speaker 4 (07:00):
And that's the thing, is like understanding where the different
improvements come from. And yeah, the property taxes are going
to pay for things related to that, whereas the gas taxes, Like, hey,
you know, I don't want the gas taxes to go up,
but if they could promise that I'm not going to
lose a wheel going down anywhere if it actually got fixed,
oh I would I would pay extra for that.
Speaker 2 (07:22):
So New England, yep, tell me this. Are you in
favor of the development, let's say, in your town or
in the city of Boston or the greater Boston to
bring in more revenue at the expense of the of
the essence of the city. It's would you rather keep
Boston like it is, charming, old school European city or
(07:46):
would you rather sell it out to get some revenue
that you really never feel. I guess you could probably
tell them where I'm coming from. And you know what,
Before we get into the actual stuff, let me complain
a little bit more. I don't know why, folks in builders,
(08:07):
developers and system must have to do with the cheapness
of it, but glass buildings are so boring and so
generic and so on. Boston. Shame, shame, shame on anybody
that's involved with allowing the erection of these huge, glass
boring buildings. It just looks like big Hartford, like Hartford,
(08:31):
only big, which is sad. I want to see character,
even if it costs more. I don't care.
Speaker 4 (08:37):
Wait, are are we taking shots at the seaport already?
Speaker 3 (08:40):
We're taking it early.
Speaker 2 (08:42):
If that's if they want to perceive it as a shot,
they may come on Seaport. It's not too late. You're
going to do more building from now on. Try to
have a little character. There's the the big building that
they those buildings out behind the Haymarket station, the bank building,
(09:03):
big glass building. Birds fly into it and die. Yep,
it's a bummer. This is Boston. Let's try to let's
pay attention a little more, keeping it Boston. I know
there are these negotiations that take place. I know we
want revenue, but just say no, say you want to
build here. That's cool. This is Boston. These are the rules.
(09:24):
If you don't like them, go somewhere else. We're fine here,
We're really fine. That's That's That's where I'm at. Maybe
I'm wrong. Six one, seven, two five. Now, I we'll
take a break and we'll get to this actual development.
We'll start with the biggest one. Just give them where
is the biggest one?
Speaker 4 (09:42):
Well, I mean I think it's broken into a couple.
I mean we have obviously.
Speaker 2 (09:48):
I just want to tea just to tease.
Speaker 4 (09:50):
Yep, yep, the Bullfinch Crossing over you know, the government
Sarah Garaigera.
Speaker 2 (09:54):
All right, we'll do that one first coming up on wb.
Speaker 1 (09:56):
Z, it's Night Side with the d Boston's news radio.
Speaker 2 (10:04):
Now we'll get into the meat of this our section
segment with Joe Turco talking about the development huge development
areas in the Boston area and get some details on
what's going on there, because none of us really know
until it's done. So Joe, Bullfinch, the building in the
Bullfinch Plaza? Did you call it?
Speaker 3 (10:25):
Bullfinch Crossing Crossing?
Speaker 2 (10:26):
All right?
Speaker 4 (10:27):
Talk about that, Okay, So what that is is it's
a multi phase redevelopment, and what we're seeing is that
key components have been delivered it in more phases are planned.
So what I would kind of say about it is
it's like a two city block transit oriented redevelopment. It's
where we're getting in there, we're making it better.
Speaker 2 (10:49):
Where is it exactly?
Speaker 3 (10:51):
So it's right where Government Center garages?
Speaker 2 (10:56):
Okay, took me a minute there.
Speaker 3 (10:58):
Yep, No, that's okay.
Speaker 4 (11:00):
I mean it's not just like one building though. It's
like two point nine million square feet and it's across
two blocks, two blocks, two blocks. I mean, this is
pretty big.
Speaker 2 (11:09):
And it's two square like two by two yeah, two
big blocks by two blocks yep, which is more than
two blocks. Well yeah, well that's big. I mean it
makes a difference. It's two blocks long and two blocks deep.
Speaker 4 (11:22):
Yeah, I mean it's two point nine million square feet,
so I mean we're we're talking about a little bit
of acreage. But that's the thing is, it's basically restitching
Government Center into the city fabric. It's making it where
instead of being like ooh, it's like.
Speaker 2 (11:36):
Oh wait a minute, was it before?
Speaker 3 (11:38):
I mean depends on your Outlook.
Speaker 2 (11:41):
What streets are you talking about it? Because I don't.
I can't think of anything really ugly down there.
Speaker 4 (11:46):
I mean, it's not that it's ugly, it's more so
just that it wasn't exciting. And I'm not talking about
glass tower exciting because we both know you and I
agree on this. Yeah, glass towers are not exciting. It's
probably the boringest thing you can see. I'm just saying
like it hadn't been given any shine recently, and now
it's getting shine.
Speaker 2 (12:05):
So what's it going to look like? How tall is
it going to be, is it going to describe its walkability,
et cetera. And will there be I'm sure there will
be retail. I'm sure there'll be everything. And if you
happen to know, maybe you don't know what did who's involved?
Did the developer, what did the developer have to kick
in for the city.
Speaker 4 (12:25):
I don't know how much they had to kick in.
So I'm not gonna, you know, go there, But you know,
you got to look at it as this. It's where
they're putting in four new high rise in midrise buildings,
and you know, obviously they're gona have great views. It's
going to show the harbor, it's going to show the
north end, the financial.
Speaker 2 (12:41):
District, and the idea how high they are.
Speaker 4 (12:44):
So it's funny that you ask about that. The city
just changed the zoning and the air regulations to now
allow seven hundred foot buildings.
Speaker 2 (12:55):
So what was it before?
Speaker 4 (12:57):
Before it was significant less. I don't remember the exact amount, okay,
but it's it's gone up by about one hundred feet.
Speaker 2 (13:06):
One hundred feet. That's good, good information, perfect good good information.
And seven hundred feet. Yeah, so what do you figure
one story is ten feet? You're in a biz you
must know.
Speaker 4 (13:20):
I mean, that's one of the you know, more obscure ones.
If I'm going to be honest, I stick to the
marketing and the selling.
Speaker 3 (13:28):
But let's le let's se that's all right, We'll just
we'll just ball a park.
Speaker 2 (13:32):
It ten feet is a lot, so let's let's call
it ten feet. That would be seventy stories. I mean,
if we're more than ten feet, maybe fifty fifty stories.
Speaker 4 (13:43):
Yeah, I mean, if we were spit on, maybe we
say each story is between ten and fifteen feet tall,
that that probably would be a good estimate.
Speaker 2 (13:50):
Of Okay, how high is the prew The.
Speaker 4 (13:54):
Prudential building is five hundred and something.
Speaker 2 (13:57):
I mean stories wise, I can't remember. So it's going
to be.
Speaker 3 (14:00):
Like that tall, right, It's going to be taller taller.
Speaker 2 (14:04):
Okay, yep, you see this is significant stuff, and everybody's
going to have to get there somehow and get home
and that's a lot of traffic. What's another one of
the let's move on to the next development.
Speaker 4 (14:18):
Yeah, so, I mean that's the thing is, like, we
have so many that are going on.
Speaker 2 (14:23):
What's next?
Speaker 4 (14:24):
I think the next big thing is Winthrop Center. So
what it is is.
Speaker 2 (14:31):
Is it in Winthrop or just named after Governor Winthrop.
Speaker 4 (14:34):
It's just named after It's kind of you know what
the towers that Boston will be judged by. It's kind
of where this passive house certified office performance thing is
kind of really getting its place.
Speaker 2 (14:48):
Where is it.
Speaker 3 (14:51):
The exact address?
Speaker 2 (14:52):
We know the area?
Speaker 4 (14:54):
Oh yeah, yeah, right right downtown. The biggest thing about it.
Speaker 2 (14:58):
Is we're downtown.
Speaker 3 (15:01):
Give me one second. I'll grab that for you.
Speaker 2 (15:04):
I got to picture it.
Speaker 3 (15:06):
Yeah, no, I hear you, man, that's all right.
Speaker 2 (15:11):
I mean if you don't, we can move on.
Speaker 3 (15:14):
Yeah, just give me two seconds.
Speaker 2 (15:17):
No, No, we don't really have to.
Speaker 3 (15:19):
It's it's in the financial district.
Speaker 2 (15:20):
But yeah, it's a district. Now that's a monster too, right.
Speaker 3 (15:25):
That is a monster.
Speaker 2 (15:26):
I mean, tell me all about it.
Speaker 4 (15:27):
Well, so what this is is it is focused on
green It is focused on major sustainability benchmarks, and what
it is is setting up as an anchor point for
having this new type of building in Boston where it
is very green oriented, very eco friendly, and hitting all
(15:50):
these new benchmarks that are in development, not just in height,
but in how it is going to environmentally impact and
set up spaces where it's not just like oh hey,
here's this big either pretty or ugly depending on your
opinion building, but it's also where it's not going to
have this negative impact hopefully, like you said, not having Can.
Speaker 2 (16:13):
You describe the walkability factor? Like WHOA, A lot of
places have sidewalks, they plant trees, they call that walkability.
Is there something more than this?
Speaker 4 (16:22):
Not not for this particular one, So it's just sidewalks
and trees. No, it's it's more of how the building
is constructed and how environmentally.
Speaker 2 (16:32):
Efficient it's a green building.
Speaker 4 (16:34):
Yeah, a green building all right, you know, like like
a green car, but better because you know you're not
worrying about rebates.
Speaker 2 (16:40):
Okay, Now on these developments, yep. Is it something that
that area needed or is it basically a developer saying, yeah,
we'd really like to build a giant building here, so
we're gonna sell it, saying this stuff, we're gonna sell it, saying, oh,
we're gonna make this area green, going to do this.
It's it's really they want to make money. They come
(17:04):
to the city and say we'd like to make money,
and the city says, and our city is better about
this than most cities of extracting concessions from them. But
the area would have been fine without this, right. It's
it's it's an entity wanting to make a bunch of money.
Speaker 4 (17:21):
I would say it is eighty five percent that in
this specific instance, and then I would say it's probably
fifteen percent. We're like, okay, like, you know what, it
could have used a little shine, you know, a little polish,
not saying glass. But again, you know, everything needs its
update every once in a while. But I would say predominantly, Yeah,
I mean this is how many blocks?
Speaker 2 (17:41):
Is this?
Speaker 4 (17:42):
So that one is not blocks that that's mostly just
like one block.
Speaker 2 (17:49):
One building. Yeah, okay, So the one in Bullfinch Crossing?
Is there really going to change the face of that
area a lot? Yes, and it will be nice, I'm sure.
By the way, how do you feel and anyone else?
Six month seven, two ten thirty about what they did too?
(18:10):
Governments Governments sent to plaza. I kind of like it.
I like all the trees, and it does look a
little barren, but I know they wanted a space for
performances and things, so that needs to be wide open.
And they did some fancy water recapturing thing in there
as well that I like. So I'm pretty happy with it,
especially as those trees grow. Are you into real estate?
(18:33):
What's your opinion of the City Hall architecture A brutalist architecture.
Speaker 4 (18:40):
I am a big fan in anything but Boston, So like,
if it's somewhere else, I like brutalis architecture, but like
that just big concrete block looking stuff.
Speaker 3 (18:51):
You know, I don't like it.
Speaker 2 (18:53):
So you like it in theory, but not in my backyard.
Speaker 4 (18:56):
Yeah, it's just not Boston. It doesn't fit for it.
I don't feel like just a big cement block is Boston.
I feel like, you know, Brownstone is Boston. I feel
like having some architectural details, like I know what you mean.
If it looks just like a concrete block on its
side that doesn't have any detail, that doesn't have any
character to me, that doesn't speak to me, that's just.
Speaker 2 (19:15):
Like they're Yeah, folks, are you in favor of development
in Boston to get more revenue in here so they
can spend it on who knows what would you like
to kind of rein it in and keep Boston Boston.
My opinion on that building is this. Initially, I didn't
(19:36):
like it initially, meaning my first decade here in Boston,
maybe my second decade here in Boston. But as these
faceless glass towers started to go up, I started to
love it because at least it had some personality and
all lighting is everything, as you know in the business
(19:56):
of real estate, and when they light it correctly, looks
kind of cool. It has a personality, and it's been
there so long it's really has some history attached to it.
It's a the phrase dirty old Boston. It's a dirty
old city hall, and I kind of like it. Now.
After this we'll go to Gino and Waltham and we'll
(20:17):
talk about some more of the developments coming up in
the Boston area. If we can get to some that
are outside a little bit, in any of the outside towns,
that would be fantastic, because I want to include the
neighborhoods and more people than lived just downtown Boston. It's
coming up on WBZ.
Speaker 1 (20:35):
It's Night Side with Dan Ray on WBZ, Boston's news radio.
Speaker 2 (20:40):
Thanks for being with us tonight on wb Z Bradley
J for Dan Ray. We're talking about Boston development. Are
you a fan of more Boston development to bring in
some more revenue or are you concerned about Boston losing
its character and becoming just like a big Hartford? Sorry Hartford.
But when I when I drive by Hartford, I say, boy,
(21:02):
I'm glad Boston doesn't look like that.
Speaker 4 (21:04):
I mean, isn't it really where you know, Hartford and
all of Connecticut really is just kind of a truck
stop between city.
Speaker 2 (21:10):
I don't want to be too mean to Connecticut, but
I will say this. One time I was taking the
train back from New York and it was so crowded.
It was a Sunday night, and it's thought, it's so crowded.
Standing remotely, said I can't take it. I'm going to
get off at some random city and have a beer
in a pub somewhere and wait for the next train.
(21:32):
It has to be less crowded, get off the train,
find out no alcohol. Who was allowed? And I don't
know if it was just that town. I don't know
the rules there I don't know if it was just then.
I think it was Sunday, and you know, I collapsed
in despair. How am I going to spend the next
four hours waiting for the next train. What a catastrophic
mistake I've made? So that obviously is my dealings with
(21:58):
with that town. Let's find out before we talk about
further development in Boston, we'll talk to Geno in Walthan.
Speaker 5 (22:03):
Hello, Gino Bradley, Happy new Year, Happy new Year to
your guest.
Speaker 4 (22:08):
Thank you, Jame, Joe, Joe Turco love hearing from me.
Speaker 5 (22:13):
Man, how you, Joe, Joe Churko, how are you? I
got to say, I'm not a fan of new development
in the sense that you just described these seven hundred
foot buildings, which are pretty much going to be four
city blocks of prudential buildings. And to take that the scope,
I know you're not fans of the glass buildings, but
(22:35):
you probably aware that the commercial rate right now it's
like twenty three percent, vacancy's almost twenty five percent.
Speaker 2 (22:42):
Yeah, that's an interesting factor. Ill we'll try to figure
out why that is later. Joe might know because he's
in the realty.
Speaker 5 (22:48):
Business right and building these He said, how many how
many squire fee? He said, like two million square feet?
Speaker 2 (22:58):
Well the one in both Ins crossing as two point
nine million point nine million.
Speaker 5 (23:03):
I'm so short of three million square feet. And if
you don't have people to go in there and create businesses,
because it seems that brick and mortar businesses have taken
it on the kin in the past ten years, since
that big sea word we had back five six years ago.
It just it just seems kind of useless to build
something like this. Will anybody come?
Speaker 2 (23:24):
Yeah, So A, it's a pretty small space and very
popular area and growing, and they must just figure that, yes,
if we build it, they will come. And and b
they must think that this downturn is temporary. And see
maybe it's cheaper to build now for some reason because
because there the demand for workmen and perhaps materials is cheaper.
(23:48):
I don't know, you probably know that, Joe.
Speaker 4 (23:50):
Yeah, well we had during that you know, big seaword,
a spike in materials and supply chain and costs went
through the roof. So yeah, people are affected by that,
and they took it, like you said, call her on
the chin for a couple of years during that time.
So like any business, they're probably trying to recoup, because yes.
Speaker 3 (24:12):
Trying to recover.
Speaker 2 (24:13):
You think that was this problem is a result of I.
Speaker 5 (24:17):
Mean to break it quickly, just to break it down.
I mean, simply a two by four costco used to
be like ninety seven cents. It's over four dollars now,
and the class isn't going to come down as long
as we keep building. Just that to put it in proportion.
I'll listen to the rest of it off. Yeah, great joke, Bradley,
Thank you again.
Speaker 2 (24:37):
Gino. It's you're a good caller, and this first. I
haven't talked to you for a long time. I hope
you become a regular.
Speaker 5 (24:42):
Love you long time WBC umbrella.
Speaker 2 (24:45):
Okay, good, nice to hear.
Speaker 3 (24:49):
I love it.
Speaker 4 (24:49):
I love those type of callers that come in year
after year, keep coming back. And that's the thing is
like he hit it square on the head. Yeah, every
business has cycles, the city has cycles. The cost was
extremely expensive a short time ago, and now we've had
a little relief on that, so they're trying to catch.
Speaker 3 (25:06):
Up on the.
Speaker 2 (25:09):
Relative discount.
Speaker 4 (25:11):
Yeah, I mean, who wouldn't I mean, if it cost you,
you know, four dollars, like you said, for the two
by four, but you suddenly could get it for you know,
a dollar.
Speaker 3 (25:20):
I mean, I'm going to jump on that.
Speaker 2 (25:22):
Here's another quick question regarding realty. Who can live in
who can afford to live in Boston? The answer is,
as everyone knows, no one, no normal human being can
live in Boston anymore. That's too bad. And that's another's
that's just another side effect of these luxury condos. Is
(25:43):
it true that lots of those bought by people who
never go never come there. Ye're bought by folks in China, Japan,
et cetera. As you know, maybe they're a place for
their kid while they go to they buy them a
ten million dollar place for the kid while they go
to MIT, and then they just keep it as it
doesn't really add to the community much. What's you know
(26:06):
that who buys these things?
Speaker 4 (26:08):
So yeah, I would say Boston is the most European
city in the United States.
Speaker 2 (26:13):
Now owned by Europeans.
Speaker 4 (26:15):
Oh no, I mean, I mean just style wise, and
but I'm getting to it. We have a huge amount
of international clients that want to purchase for various reasons.
So I think what you're talking about is half truth,
half Herban legend, where you know, the ten million dollar
price point. No, But if you're saying a million, a
(26:37):
million five, absolutely correct.
Speaker 2 (26:39):
A million five. What can you get for a million five?
Speaker 4 (26:41):
You can get like a two bedroom a little condo.
But you can get it in East you can get
it over in Allston. I mean we're not talking Beacon Hill,
Back Bay, but we're talking about you know where people
can make a little bit of an investment for their kid,
keep it after and rented to students.
Speaker 2 (26:57):
Two point five mili in Austin.
Speaker 4 (27:01):
Austin will get you a lot. I mean, I'm not
talking six.
Speaker 2 (27:04):
You get in Austin for two point five million, one
floor of a triple decker.
Speaker 4 (27:08):
I mean you can definitely get that. I mean you
can get usually like a three bedroom with you know,
a decent amount.
Speaker 2 (27:14):
Of space and what location you can do this for sure?
What's the interest rate right now?
Speaker 4 (27:20):
So the interest rates obviously fluctuate, but we're looking at
rates between and again I'm not a loan officer, I'm
just a justquation. But between six point five and seven.
Speaker 2 (27:31):
Let's call it. It's called it seven. Sure, So if
you put can you're a real estate persent? Can you?
So you put what's the minimum you can put.
Speaker 4 (27:39):
Down now, No, No, you can put down as little
as zero percent for certain people.
Speaker 2 (27:46):
So like you have a VA line to buy that
special insurance Morgan insurance, if you pay less than twenty
percent down.
Speaker 3 (27:53):
Yes, PM I am I yep, exactly.
Speaker 2 (27:56):
So you'd want to put down twenty percent when.
Speaker 4 (27:59):
You'd want to in the best situation. But like anything renting,
is you're paying someone else's mortgage. I'd rather pay my
own mortgage and get that appreciation.
Speaker 2 (28:09):
I hear that all the time. I'm just trying to
figure out how much that one floor of a triple
deck in Allston's going to cost our month. You must
have a little machine right there that can.
Speaker 3 (28:22):
Figure that out. Yeah, we can pull out that.
Speaker 2 (28:24):
Because I want to know if anybody can affoid that,
that's all right, pretty much unaffordable I think. And then
you know, it's the same thing in East Boston. Nobody
can live in Boston Boston at all, right.
Speaker 4 (28:39):
Yeah, I mean it really depends. It is always going
to be based around kind of what your income is.
Speaker 2 (28:46):
We know that you must work with some high end clients.
Speaker 4 (28:51):
I work with everyone. So this is this is where
I tell people I am a luxury broker. But luxury
does not mean price point, it means level of service.
Speaker 2 (29:01):
While you're looking that up, I get that we're going
to talk about an assembly development. But in addition to that,
I want to give you some details about the Craft Stadium.
Speaker 3 (29:11):
I love it.
Speaker 2 (29:12):
So this comes from probably the Boston Globe. Craft Group
bridges deal with Boston and Effett to move forward with
Revolution Soccer stadium, And strangely, I have no problem with this.
I'm fine with it, and it will affect me because
I go right by there whenever I come to the
iHeart headquarters. Here. Let me let me tell you what
(29:36):
the dealing about. The deal they made pretty interesting from
this article in the Boston Globe, New England Revolution may
a step closer to getting a new stadium and Everett
after the Craft Group and Michelle Wou announced an agreement
on Wednesday to compensate Boston for the expected effects and
(29:56):
traffican transit and by the way, last night, I guess
Chris Dempsey Trees, as former Transportation secretary, mentioned that in
other cities, other cities pay these groups to come in.
In our city, we expect something back for allowing them in,
and the Boston should be proud for that. The agreement
with Made was worth over forty eight million spread over
(30:19):
fifteen years, with most of the mine going to infrastructure
improvements and other improvements in neighboring Charlestown. Well, that's cool,
and I'm glad it's the Crafts the Boston neighborhood that
most Charlestown will be very affected by crowds coming to
the games, but probably be good for business. And meanwhile,
(30:39):
in effort the inevert, the Crafts reach a similar but
separate community impact agreement with the outgoing mayor, Carlo da Maria,
making it one of Carlo's last big accomplishments, and among
other things, the Evert Deal. This is the Evert deal
now includes twenty million to build a four acre waterfront
(30:59):
pop along the Mystic River, which I'll probably be able
to see right on the Orange Line as I go by,
and more each yier to maintain it. So that's pretty cool.
I was thinking how much how stressful it must be
to be a lawyer and have to remember, oh, yeah,
I need to ask for money to maintain it too.
What if I were the lawyer and forgot that agreement
(31:21):
also includes seventeen point five million for new entrance to
the Orange Lines assembly station in Summerville for access to
a pedestrian bridge slated to cross the Mystic. And it
also calls for a two dollars and twenty five cent
ticket fee for the city's benefit. And Everett officials value
(31:45):
their agreement at more than ninety million over a twenty
year period, And I just think that's I'm fine with that.
And I don't live there, but it does. It'll affect
my commute when I'm going up to you know, doing
things I need to do. But I'm perfectly happy with that.
(32:06):
And congratulations on what seems to be a good deal,
uh for all. Now we're back to the Joe Turco.
We altered to the stars and everyone to find out
how much it's gonna cost us. We've just let's pretend
we've just you've just shown us this nice redone floor
(32:31):
through floor on a triple decker in Austin where you
say it's two million, two millions. Oh, you found a deal.
It was two point five before, but now it's two yep.
Speaker 3 (32:40):
Okay, easy round numbers.
Speaker 4 (32:42):
Okay, So like you said, we want to send down,
we're gonna put twenty Okay, Okay, just to go with
your example of the old school way, you know.
Speaker 2 (32:52):
So both of those factors will make their number a
little bit more palatable.
Speaker 4 (32:57):
Well a little depending on how you feel about that.
So twenty percent of two million is four hundred thousand.
Speaker 2 (33:04):
Yep, So you're gonna put that down.
Speaker 4 (33:05):
Yeah, put that down. That's not even your closing costs,
that's not your real turfees, you know, that's just four
year loan okae k four hundred K. Now, I went
on Chase because again I'm not a loan officer, and
I just punched in the numbers, put in our allstin
zip code for Suffolk County, and what they popped out
(33:27):
was like, okay, hey, you can get a rate of
six percent, and if you have good credit this is
assuming way, Yes, good credit, and your principal and interest
payment each month will be nine thousand, five hundred and
ninety two dollars and eighty one cents. And that's putting
four hundred thousand dollars down.
Speaker 2 (33:44):
Okay, So I did. I owned a place one time
and I hated being an owner. And in order to
buy this place in Austin, you're gonna have to come
up with four hundred k yep. And you're gonna have
to come up with nine k a month.
Speaker 3 (34:02):
Well, let's round it up to time, because it was.
Speaker 2 (34:04):
Okay, fine, ten k a month. Now you you pooh
poohed the rental of renting, saying you're paying somebody else
there's Morgan mortgage. True, but you can pay rent for
a lot of months with that with with the four
hundred k. Let's say it was two thousand, two thousand
(34:25):
a month. For that's how many months you do them.
Speaker 3 (34:30):
That's gonna be a lot of months.
Speaker 2 (34:32):
Yeah, two hundred months or something like that. Yep.
Speaker 3 (34:36):
And and and that two.
Speaker 2 (34:37):
Hundred months is how many years, many years, many years.
And that's not even encountering the the nine grand a month.
So in other words, who can live there? Only rich people,
even in Austin. Yep. So there you go. That's your
(34:58):
development deal, folks. I myself am a renter. I'm going
to be a renter forever because I there's the freedom
in it. It's a bummer. I have a friend who
at a place I'm just over the bridge, one of
the bridges in New York and had a beautiful view
(35:18):
of the Brooklyn Bridge out of condo and then somebody
else bought another, built another building and blocked her view. Yep,
that's a bummer of owning. And once you find out
that's happening, it's too late. You stuck with it. And
so I'm just a renter. And I don't even mind
if I had to have a roommate and split the rent.
(35:38):
I like it, get a good roommate. Thumbs up that.
I know that's a small ball away to live, but
that's that's kind of who I am.
Speaker 4 (35:46):
Well, I think what it goes to is there's different
personality types and different things that we value. Like some
people look at this as our forced savings are forced investment.
Other people, like yourself, I'm assuming, like the freedom to say,
you know what, I love it on the side of town,
but I want to try this one. And you get
(36:06):
to do that at your discretion and there's no penalty to.
Speaker 2 (36:09):
It, right. I owned a place in the South End
and one of my favorite part of my street was
the only street that didn't get They said, well, it'll
become nice in a few years. Nope, not my street. Yeah,
And I got rid of it and that allowed me
to move in. I just happened to have a great opportunity.
(36:31):
I got to live on West Street, which is right,
which is the street from Park Street Station to fin
Leans On in right downtown, in a loft, twenty foot ceilings,
giant windows. When I would do my mixtapes for my
radio show, I'd be looking out at the Statehouse Dome
and I could late at night the lights from the
(36:54):
Park Street Church would come in and if I had owned,
I'd been stuck and I never would have had that. So,
folks out there, there's no shame in renting. If it's
a matter of finding a deal, you get freedom. You
can tell the landlord to fix the toilet. You're not
You're not on the hook for much liability. I understand
the the financial benefits completely of buying, but I feel
(37:20):
like most of us, like me, just we're out of it.
The only way I could buy something is to go
to get a shack in New Hampshire.
Speaker 4 (37:31):
Well here's the fun and interesting thing, because I have
many friends that do this, and I'm an advocate for
both love lifestyles. Just to be clear, everyone, I love
when you buy, I love when you sell. I love
when you rent. But I have many friends that choose
to rent their primary residence and then they buy investment
properties sometimes in other states where it's more economical, and
(37:52):
then they're the landlord.
Speaker 2 (37:53):
That's a good idea.
Speaker 3 (37:54):
Income I can see that, and they're appreciating.
Speaker 2 (37:56):
What about this just buying property? Yeah, I have a
friend who really got into buying cheap property in Vermont
in New Hampshire. Yep, just the property, just to sit
on it and share it and wait for the value
to go up. That's kind of interesting because you don't
have to worry about if you own a place with
(38:17):
a house.
Speaker 3 (38:18):
On it, it's different taxes.
Speaker 2 (38:20):
Different taxes. You gotta worry about plowing, you gotta worry
about people going in and tearing out all the copper, vandalism,
a whole bunch of stuff. Ihability, and just the properties.
It's kind of easy. So yeah, renting here and owning
somewhere else might be just a thing, good idea.
Speaker 3 (38:39):
Well, I mean, do you do you do that?
Speaker 5 (38:41):
You?
Speaker 2 (38:41):
Uh, hook people up with realtors in other states?
Speaker 4 (38:45):
Right, oh yeah, And we love to connect people. But
that's the thing that people don't realize is there's options
and if you talk to a great agent. I'm not
talking a hobby person. I'm talking about a real business person.
They're going to show you all the different ways that
you can be flexible and you can either make money
or make great investments or change your life through real
(39:06):
estate that you just had no idea about because you
don't know what you don't know.
Speaker 2 (39:09):
Right, We didn't really talk much about the South STATIONI development. Yep,
do you know a lot about that?
Speaker 3 (39:14):
Yeah?
Speaker 2 (39:14):
I mean, all right, let's take a break and talk
about that because that affects a lot of people. And
we'll also talk to David in San Francisco. We will,
we will chat I shouldn't say talk to We will
chat with you, David in San Francisco. After this on WBZ, you're.
Speaker 1 (39:30):
On Night Side with Dan Ray on WBZ Boston's news radio.
Speaker 2 (39:36):
Rably J for Dan talking to Joe Turco about development
in the Boston area where it is and the effects
of it and and basically the cost of maybe buying
anywhere in the Boston area. Really getting down to the
numbers pretty shocking. Right now, we go to David in
San Francisco. Speaking of shocking numbers, They're pretty shocking out there,
(39:58):
aren't they. As a realist. Eight numbers in San Francisco too.
Speaker 6 (40:02):
H David, Oh, yeah, absolutely. I don't know if you're
familiar with old Robert Moses down in New York City,
but we had a similar scoundrel, justin Herman out here,
and he was he back in the late fifties.
Speaker 2 (40:20):
Just for the record, name names and say bad things
about them, just for me. Thanks.
Speaker 6 (40:27):
Well, Well, the point was was they were trying to
make San Francisco become the oasis for the rich, and
they wanted to drive the poor out of San Francisco,
and so they intentionally drove properties down.
Speaker 2 (40:41):
Just how do you know they intentionally wanted to I
haven't I haven't read the book. I don't know. According
to you, they intentionally did okay, go ahead.
Speaker 6 (40:53):
That was the San Francisco Housing Authority, he ran it
and the development agency in it. And it was only
because the hippies came here in the mid sixties that
had blew apart his whole plan. But it's yeah, it's
been vastly going toward the same scheme again. And I
(41:14):
was just going to raise as you were talking about
property development and in fighting corporations in if you think,
you know, we're two hundred and fifty years into seventeen
seventy six, And the logic back then was they didn't
want to be a colony of not just the King,
but the thirteen corporate The thirteen colonies were thirteen corporations,
(41:39):
and that they were sucking all the money back to
their headquarters and never reinvesting in the local towns. And
so when you do redevelopment, you want to make sure
you're not becoming a colony of some corporation. And San
Francisco's kind of figured that out. We've gotten boards, the
supervisors that have that on their minds, but on occasion,
(42:02):
zoning boards and the planning boards can get duped into
allowing corporations to come in and build fly by night,
leaning buildings and all sorts of different things that turned
the town into a colony. Again, it's only because we
have certain neighborhoods, like if the financial District is in trouble,
(42:26):
that doesn't bother the hate Ashbury, it doesn't bother the Castro.
You know, they each have their own economy. Japan Town
has its own economy, the mission has its own economy.
And as a matter of fact, Ben Franklin wrote economy.
Speaker 2 (42:42):
I mean, you can say that, but they don't I
mean they're all part of the same city.
Speaker 6 (42:47):
Right, Well, say, for example, the hate Ashbury, you don't
find corporate chains up in there.
Speaker 2 (42:56):
All right, that's a very good point. I like you
the idea that you put out there, the image of
a neighborhood being a colony of a corporation, that is
very interesting. Amount of time, Joe Turko, great, thank you
for coming in here. The time flies. One hour just
is not enough to get it all done.
Speaker 3 (43:16):
Oh.
Speaker 4 (43:17):
I love being here, man. I love being able to
you know.
Speaker 2 (43:19):
Yeah. And so since we didn't have enough time to
dig deep, where can people get in touch with you?
Speaker 4 (43:26):
The best place to get in touch with me is
my website Living in BOSTONMA dot com. You can shoot
me an email, my phone numbers on there. I love
talking to people, and uh yeah, I can't wait to
hear from all of you.
Speaker 2 (43:38):
Thank you. Joe Turko, Boston realta, owner of the turk
Go Group brokered by exp Realty. We're gonna learn some
managers coming up. We have an etiquette instructor gonna save
you some embarrassment at dinner, in the workplace, at a
dinner party. You're gonna love this. It's gonna be Fun.
Coming up on WBZ News Raid ten thirty
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