A buzz on the water

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The Seaport District was discussed with unbridled optimism at Bisnow’s State of the Seaport District summit held this morning at the Seaport World Trade Center. Publisher Mark Bisnow (yes that’s his real name) opened to an audience of 550 by describing their e-pubs and events as “the People Magazine of real estate.”

The first of two panels included neighborhood stakeholders Ben Heller of Jones Lang LaSalle, Beal Companies’ Steve Faber, Berkeley Investments’ Young Park, Jim McCaffrey of Eastdil, and Boston Global Capital’s Dave Wamester. Moderator Rich Toelke of Bingham McCutchen did his best to steer the conversation  toward the challenges that lie ahead to create a complete neighborhood.

“I was a little skeptical at first about the ambitious plans of the late 1990’s,” said Ben Heller (shown in photo), “but the Seaport is now here to stay. Real estate fundamentals are all in place. As long as the economy continues to improve there is no end in sight to future growth.”

Steve Faber described Liberty Wharf as a tipping point. “With the Vertex deal at Fan Pier, and State Street’s promise to build a new office building, will come the activity and support services needed  to truly take the District to the next level.”

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