Dorchester Bay City Development Scaled Back—$5B Vision Hits Boston Real Estate Reality
Accordia Partners is putting a 13.6-acre parcel at 2 Morrissey Blvd of the ambitious Dorchester Bay City project up for sale through Newmark brokerage, scaling back from the original $5 billion vision for 21 buildings and 2,000 apartments. The retreat reflects a broader market contraction: lab space oversupply and surging construction costs that exceed achievable rents. The sale represents one of the most significant development pullbacks in Greater Boston's current cycle.