Penny Savings Bank Opens to Residents

July has been a hot month for the new 23-unit boutique luxury condo development at the northeast corner of Washington Street and Union Park Street, Penny Savings Bank. The new condo development now boasts 6 of its 23 units as sold, and two residents have moved into the circa 1917 former bank and started calling it home.

The lobby is in the process of being finished off, and units are receiving their final touches, but the building is open to residents, and a good mix of floor plans are still available, with prices ranging from the mid $600’s to north of $1 million. The two commercial units on the ground floor of the development, along the Washington Street side, have been leased out to Citibank and the October 2007 planned French Asian eatery, Banq Restaurant.

Several units in the development have private terraces, and all residents will enjoy the common roof deck, offering stellar city views. Units at Penny Savings Bank are stacked with Viking appliances throughout the kitchen, contain washer and dryer hookups only, and will offer relatively low HOA fees, ranging from $300 – $500 per month – the HOA will be managed by Boston’s Urban Property Management.

Parking spaces are available for sale in the garage directly below the building. A single space will run you $65,000, and a tandem sleeve will run you $95,000. Having a parking space would offer you the possibility to build a storage unit, should it be up to city code.

If you are interested in calling one of the landmark properties of Boston home, please contact us for more information – we have access to Penny Savings Bank, as well as every single existing condo and new condo development for sale in the city of Boston.

In the exclusive picture below, notice that the former Silver Line bus kiosk has been removed from the front sidewalk.

Penny Savings Bank