News: Owners Developers & Managers

Sea levels reaching new heights - by Rick Kaplan

Rick Kaplan, NEREJ

After seeing the effects of our first major snowstorm of 2018, we could be in trouble. Sea levels are rising and developers are constructing buildings close to our coastline. The ocean and the coast have always been a great attraction and nobody wants to give it up, so how do we save the coastal properties from floating away? Many scientists and developers have worked on ideas that will protect the coast, existing properties as well as future projects.

UMass has a team that had studied some of the solutions, one being a barrier in Boston Harbor and the coastline from Winthrop down to Hull. Building a barrier has a couple of things that need to be considered one being the tremendous cost, the other is the ecological effects. 

Another idea is to convert some of the city streets into waterways like Venice. Now that is a crazy idea, but it would be a nice way to tour around Boston!

The idea that has made the most sense for the coast and Boston Harbor is called the Metro Boston Dike Lands. Peter Papesch, AIA of the Boston Society of Architects says this could have great economic benefits. The dike would extend from Swampscott to Cohasset and could create new buildable land which will bring investors to help pay for the project.

I am sure there are many other ideas that could be researched, but whatever the solution, it must be in place to protect the coast for centuries and not just a temporary fix. The issue of rising sea levels and storm surge is not going away and we have no choice but to address it. If we don’t solve the issue sooner than later all of us that live inland will have ocean view properties. In 20 years, that might increase my property value, maybe we should keep it the way it is!

Rick Kaplan is the event coordinator at the New England Real Estate Journal, Norwell, Mass.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and