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Land Reclamation: Is it Becoming ‘Pay Dirt’?

When people see skyscrapers and other tall buildings, they often equate them with power and money. But down below, the soil the buildings stand upon is also becoming quite valuable, especially when used for reclamation projects.

NeighborhoodX, a real estate firm, did a study to find out how lucrative moving dirt from one place to another can be.

Case in point: Boston’s famous Back Bay neighborhood. Once a backwater before the 19th century, is now one of the priciest residential areas in Boston, with homes going for an average of $1,384 per square foot.

The dirt used to build up the area cost nearly $400 per square foot. I wonder if the term “dirt cheap” may be an oxymoron now?

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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