65 Broad Street Lofts SOLD OUT

The redevelopment of the small six-story five-unit Financial District condo development at 65 Broad Street is now sold out. Unit 5, which was the model unit in the direct elevator access boutique development, received an Offer and is progressing through the purchase process. The lofts at 65 Broad Street went down a rather rocky road in closing out all of the available units, from being listed with multiple real estate brokerages, to even trying to take the units to auction. Some would say that none of the tactics really worked, however, originally pricing the units up in the $500K range did not get things started on the right foot.

Once all remaining units were knocked down to $399,000 each, traffic and showings picked up, and the last unit had multiple pursuers. Not surprising, given that the least expensive property on the market in the Financial District is $603,000 (a large one-bedroom at the Richmond Lofts development). The 65 Broad Street lofts were a relief in a neighborhood with little to no inventory under $600K, especially units with solid craftsmanship.

The five units at 65 Broad Street are very well done, with gleaming hardwoods, exposed brick and beams, luxury bathrooms, stainless steel kitchens with granite countertops, and high-end video-enabled intercom systems. Property inspections on the units have been quite clean. With Folio Boston and Broadluxe right down the street, 65 Broad Street is positioned well for gains in equity.

The only hope at the moment of getting into the development any time in the near future would be to go after Unit 4, which is being held by the Developer as a short term rental unit. The unit is not on the market for sale, but strong offers would more than likely be considered. For more information, please contact us.

Financial District Broadluxe Condos Back on Track

Just when you thought that Broadluxe was down for the count, it has picked itself up, swept away the dust, and is moving towards a November 2007 completion. The Broadluxe condo development in Boston’s Financial District fell on hard times earlier this year when it was foreclosed upon by TD Banknorth, at which time the building went dormant.

We captured the below picture back in late May 2007, when you could hear crickets on the job site at 99-105 Broad Street.

Broadluxe Boston Financial District Condos

Fast forward to the present, as TD Banknorth recently brought in Union Construction, a Boston-based company, to finish the buildout at the Broadluxe job site. According to sources at Union Construction, construction has resumed and TD Banknorth is paying their bills.

We’ve been on the job for about seven weeks now, and things are going perfectly. 34 units on floors two through six should be done in November,” says the job foreman from Union Construction.

We stopped by the job site, and despite not being let in because our hats were not hard enough, the guys at Union Construction were great. They spent some time talking with us about how the project has been going. Overall, they seem quite upbeat, and heads down on making units available for the November 2007 occupancy date.

The 10 units remaining on floors 7, 8, and 9 were to be left as open loft space, however, an architect has now been brought in to create plans in order to finish the units off. These latter 10 units are scheduled to be finished after the initial November 2007.

The Broadluxe Sales Office main phone number still goes unanswered, and Dana Wedge from TD Banknorth, did not return calls to provide the “owner” perspective. Should you be interested in Broadluxe, please contact us, we would be happy to keep you informed of the status and provide buyer representation in securing a reservation for a unit when TD Banknorth releases them to the market.

Broadluxe will round out the Financial District’s Broad Street, which already is home to Folio Boston and the 65 Broad Street Lofts.

Broadluxe Boston Financial District Condos

One Condo Remains at 65 Broad Street Lofts

We have received several email inquiries lately (unfortunately with incorrect email addresses, so if you have contacted us, please do so again with your verified email address) about the 65 Broad Street Lofts in the Financial District. Only one unit remains (Unit 5) in this development. Priced at $399K, Unit 5 is a direct elevator access unit with exposed brick, renovated hardwoods, and a completely remodeled bathroom. Contact us (with a valid email address) to setup a showing.

65 Broad Street Condo Update

There’s been some buzz around what is available at 65 Broad Street in the Financial District over the last week, with only two units remaining in the building in this 5-unit development (6 units including the commercial space on the ground floor).

Units 4 and 5 remains and is priced at $399K for 632 square feet. Both of these units do not have the large floor to ceiling windows that you get in units 2 and 3. However, the units have nice finishes, and once the Broadluxe gets their act together, Broad Street will be stocked with new developments (65 Broad Street, Folio Boston, and Broadluxe all within a few hundred yards of each other).

Note in the exclusive photo below that the developer has completely remodeled the lower facade of the building, adding some well-needed class to the development with the wood paneling that was chosen.

For more information on the units at 65 Broad Street (Google Map), please contact us.

65 Broad Street Lofts

65 Broad Street Condos

65 Broad Street Lofts: Open House

We stopped into the 65 Broad Street Lofts tonight for a walk through of the two remaining units (Unit 3 and 4) during the open house. We actually got a peek at all of the units (even the sold ones), and the remaining two units are probably the best of the lot – they have large banks of windows, a flowing floor plan, and a decent amount of storage.

65 Broad Street Financial District Condos

The two remaining units in this direct elevator access six-unit low-rise building are relatively the same, with only a few small differences. Unit 3 has slightly more storage, a stand-up shower stall (rather large), however, the washer and dryer hookup is under the stairs and it would be a tight fit from a height perspective for a stackable washer and dryer. Unit 4 has slightly less storage, no height problem with the washer and dryer hookup, and a jacuzzi shower soaking tub (the slightly deeper kind) rather than a stall shower.

There was a fair amount of traffic through the units. Both remaining units at 65 Broad Street are immediately available for $399K each. Contact us to do a walk through and put in an offer.

BREAKING NEWS: 65 Broad Street Condos Available

Previously reported news that the remaining four units at the 65 Broad Street condo development were going to be “auctioned off” in a unique bidding process (full details here) did not generate the action that the developer wanted, and units are available once again.

The remaining three lofts / condos have been put on the market at a fire sale of $399K each, and one has already gone under agreement. The lofts at 65 Broad Street are newly renovated, have exposed brick, hardwood floors, classy finishes, and direct elevator access.

An open house is going to be held Monday (May 21, 2007) evening, from 5:30 to 7:00 pm, to showcase the remaining 65 Broad Street lofts. For further information, to setup a showing, or make an offer, please contact us.

65 Broad Street Condos

65 Broad Street Condos

65 Broad Street Condos

Last Chance for Broad Street Condos

NOTE: Please read the latest news regarding the lofts at 65 Broad Street.

If you’ve had your eye on the loft conversion at 65 Broad Street, you need to act quickly. There were five remaining units as of last week, when an auction took place – the auction sold one of the five units without a reserve or minimum to a private party for $400,000 (or almost $640/foot), and the remaining four units are undergoing a bidding process that ends on Monday April 23, 2007. Should you want to get in on the fun, the process is as follows:

  1. A final showing is booked for Sunday from 1-2PM
  2. All reasonable offers are being entertained
  3. Verbal commitments are acceptable at this time
  4. Best and final written offers will be assembled by 5PM on Monday April 23, 2007
  5. Offers will be presented to the lender on Tuesday morning for acceptance
  6. All offers are subject to lender approval.

Obviously not your typical buying circumstances, but it does make for some great anticipation. Floor plans for the remaining units, as well as pictures of the model unit that sold recently are below.

Floor Plans for Remaining Units at 65 Broad Street:

65 Broad Street Boston Condos

65 Broad Street Boston Condos

65 Broad Street Boston Condos

65 Broad Street Boston Condos

65 Broad Street Boston Condos