Wynn Boston Casino Opening in 2019

[Monish Lillaney]

As many of you know, Boston's North Shore is currently undergoing construction to build the Wynn Boston Casino resort planned to open in summer of 2019. Initially there will be pent up demand, and much excitement (noise and traffic) around the area but what can I expect in the area for real estate values? I am currently about to purchase a 3 family on the Medford/Somerville line in Winter Hill and wanted to know if property values will go up, come down, or be negated by the strong demand influenced by the Boston rental markets. I know the casino will bring MANY minimum wage jobs, and they will all need housing, so the potential exists for strong rent. Just trying to reason this one out... Thanks any and all for your input!