Viewpoints: Kevin Saba, Managing Partner, The Development and Marketing Group

by Alonzo Turner

Screen Shot 2015-07-20 at 7.58.29 AMBoston Agent (BA): What is the market like for microlofts in Boston? Who’s buying them?

KS: Multi-unit microloft development in Boston has been primarily rentals, so for sale units are rather unique.

We expect singles in their early 30s, and older, that have an established career and want a place they can call their own. Our microlofts are designed for those that choose to live Roomate free but not alone as we expect to have both cats and dogs in residence. We are offering a small number of buyers a rare opportunity to buy new construction, on the waterfront at an affordable price in a location with spectacular sunsets. We expect that our buyers will be either singles who prefer to live roommate free or couples seeking a pied-à-terre.

BA: In terms of space, have you notice a trend toward smaller dwellings? If so, what is driving that?

KS: Yes. The emergence of the sharing economy and the growing desire for experiences over owning “things” are certainly drivers. Our microlofts live above a coworking space, where Lyft is a member. We have Zip cars in the parking lot so as you can see the sharing economy is in our DNA. The sharing economy is making it possible for people to own fewer things thereby reducing the space they need to maintain and store those things.

BA: How important is walkability to consider when starting a development?

KS: Very. Let’s start by recognition that walkability means something different to each of us. Our location works for those who seek to be able to walk to Starbucks, a major grocery store, restaurants, waterfront parks, a microbrewery,, zip cars and public transportation.

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