Comments on: Resale Opportunity at 360 Newbury http://bostonrealestateobserver.com/resale-opportunity-at-360-newbury/ Fri, 16 Jul 2010 19:22:49 +0000 hourly 1 By: Jeremy http://bostonrealestateobserver.com/resale-opportunity-at-360-newbury/#comment-206 Jeremy Fri, 21 Dec 2007 23:44:38 +0000 http://bostonrealestateobserver.com/2007/12/21/resale-opportunity-at-360-newbury/#comment-206 <p>Hi Sue. Just my two cents, and to be upfront about it, I haven't actually looked at units at 360 (a little too pricey for me when you consider the fact that there is no parking onsite). However, I don't really think that onsite management is necessary in a building of that size. I have seen a bunch of units over at 21 Wormwood street in the Seaport District. The building has around 120 units if I remember correctly, and the management is offsite. They do have a full time superintendent and an outsourced cleaning crew and the building seems to be really well maintained. In my experiences, I haven't seen many buildings with a hundred or so units that have on-site management. The Brook House in Brookline on the other hand has a full time staff onsite but you are talking about a 700 unit compound.</p> <p>The grounds at 360 are pretty scarce, and there really isn't a lot to maintain in that type of a building. I would think that management is going to be pretty exceptional there, as that is what a management company might consider to be their 'marquee' property (when bidding for other management gigs, I am sure that 360 is at the top of their resume). The nice thing about it though is that if at any point the residents feel they can do better elsewhere, they can always drop the current management and bring in another company that they feel will better meet their needs. </p> <p>Note: I have also seen it happen the other way around. I used to live in a building in Allston that the management company actually dropped, as they claimed that the tenants complained too much!</p> Hi Sue. Just my two cents, and to be upfront about it, I haven’t actually looked at units at 360 (a little too pricey for me when you consider the fact that there is no parking onsite). However, I don’t really think that onsite management is necessary in a building of that size. I have seen a bunch of units over at 21 Wormwood street in the Seaport District. The building has around 120 units if I remember correctly, and the management is offsite. They do have a full time superintendent and an outsourced cleaning crew and the building seems to be really well maintained. In my experiences, I haven’t seen many buildings with a hundred or so units that have on-site management. The Brook House in Brookline on the other hand has a full time staff onsite but you are talking about a 700 unit compound.

The grounds at 360 are pretty scarce, and there really isn’t a lot to maintain in that type of a building. I would think that management is going to be pretty exceptional there, as that is what a management company might consider to be their ‘marquee’ property (when bidding for other management gigs, I am sure that 360 is at the top of their resume). The nice thing about it though is that if at any point the residents feel they can do better elsewhere, they can always drop the current management and bring in another company that they feel will better meet their needs.

Note: I have also seen it happen the other way around. I used to live in a building in Allston that the management company actually dropped, as they claimed that the tenants complained too much!

]]> By: Sue http://bostonrealestateobserver.com/resale-opportunity-at-360-newbury/#comment-205 Sue Fri, 21 Dec 2007 16:52:21 +0000 http://bostonrealestateobserver.com/2007/12/21/resale-opportunity-at-360-newbury/#comment-205 How is the quality of the management in this building - is it still off site? Does the concept of just having a concierge work out well for a building of this type? How is the quality of the management in this building – is it still off site? Does the concept of just having a concierge work out well for a building of this type?

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