A Business and Redevelopment Outline for the Re-Use of a Prime Site in South Boston

This development and business plan considers the neighborhood context and current market conditions characterizing the subject site’s redevelopment potential. The subject site, further defined in this thesis, is a prime parcel of land in the South Boston neighborhood of Boston, MA currently improved and used for quick-serve restaurant operations. Proximate to the Seaport, Fort Point, and Dorchester, South Boston is surrounded by demand drivers resulting in explosive growth that make it one of the most desirable and expensive housing submarkets in the entire City of Boston. Development considerations are fully defined in the report including zoning, equity, financial projections, ground lease, and market-level factors. A conclusion is made on the feasibility of the proposed project with recommendations for next steps resulting from the modeled base-case scenario. Market assumptions and any unresolved development issues are clearly identified and discussed.

Name thesis:degree_name

Master

Department dc:contributor.department

Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2025

Author dc:creator

• Proman, Zachary D.

Advisor dc:contributor.advisor

• Torous, Walter N.

Statement dc:rights

• In Copyright - Educational Use Permitted
• Copyright retained by author(s)

Licence dc:rights.uri

• https://rightsstatements.org/page/InC-EDU/1.0/

Handle dc:identifier.uri

https://hdl.handle.net/1721.1/158849

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/158849