New Builds Near my Condo

[Serge Shnayder]

Hi - 

We live in a nice complex that is about to be expanded with newer/nicer condos going in. In order to get our vote, the developer will be doing lots of work  on our complex for free and assure that our fees stay flat for many years. However, I am concerned about the values going down as a result of this build. 

I'm looking to get a bit of input from folks that have had this happen. For some background; the complex is in Chestnut Hill, MA and the condos in my complex currently go for ~$235K and are up from $200K from 2 years ago.

Thanks in advance,

Serge