Broad Street Financial District Open Houses

For those of you interested in calling the Financial District home, today’s open house line up may be a perfect fit.  There will be, in total, 7 open houses on Broad Street this afternoon, giving potential Buyers access to the two premier anchor properties in the area, Folio and Broadluxe.

As a new construction building that opened in March of 2006, Folio, located at 80 Broad Street, is a luxury 96-unit building with 24-hour concierge and all valet parking in an underground garage below the development.  Broadluxe, located across the street at 101 Broad Street is a 2008 renovation to an existing building, and a buildout of upper floors.  Broadluxe offers a loft-style feel, part-time concierge, but no onsite parking.  Both condo developments are elevator served, and put you in the heart of Boston’s Financial District.

Price points are typically higher in Folio than Broadluxe given that Folio is recognized as more of a luxury building, however, Broadluxe offers a boutique feel with only 44 units and added features like additional storage for each unit in the basement of the building.

The following open houses are scheduled for Sunday, October 5, 2008:

  • Broadluxe 4E, 1 bed / 1 bath, 759 sf, $459,000, 1:00 PM to 3:00 PM
  • Broadluxe 5A, 1 bed / 2 bath, 1,091 sf, $678,500, 1:00 PM to 3:00 PM
  • Broadluxe 7A, 2 bed / 2 bath, 1,009 sf, $740,000, 1:00 PM to 3:00 PM
  • Broadluxe 8B, 2 bed / 2 bath, 1,345 sf, $1.065,000, 1:00 PM to 3:00 PM
  • Folio 604, 2 bed / 2 bath, 1,282 sf, $825,000, 2:45 PM to 3:45 PM
  • Folio PH1104, 2 bed / 2.5 bath, 1,573 sf, $1,399,000, 11:00 AM to 1:00 PM
  • Folio 1502, 3 bed / 2.5 bath, 2,185 sf, $3,200,000, 2:00 PM to 3:00 PM


Luxury Boston Condos

There has been a swath of luxury Boston condos that hit the market over the Holiday weekend. These units are trend-setters as we move into the final quarter of 2007. The numbers don’t lie, high-end million dollar + properties in Boston are selling in force this year, and with a selection like the below, there’s no question as to why.

Starting at just under a million dollars, there is a new Boston Ritz Carlton condo at 1 Avery Street that hit the market for $995,000. The unit is a two-bedroom two-bathroom 1,085 square foot high-end full-service living experience. This is a corner unit with multiple-exposures, and a 270 degree view of the Financial District.

In the exclusive Folio Boston development, an 1,880 square foot three-bedroom two-bathroom penthouse unit is now available. With 12-foot floor-to-ceiling windows and multiple exposures of the Harbor and the Greenway. Valet parking included for $2,120,000. The Folio is located on Broad Street, which is turning into a very hot niche of the Financial District, with the recently sold out 65 Broad Street development, and the upcoming completion of the delayed Broadluxe project.

Folio Boston Penthouse

Folio Boston Penthouse

And perhaps the grand-daddy of them all is the recently announced 2,589 square foot developer’s (yes, Pappas himself) unit at Court Square Press in South Boston. The unit features two deeded garage parking spaces, four bedrooms and four bathrooms, and is listed at $2,495,000, including a $200,000 home theater system. This home was featured in Metropolitan Home magazine.

Court Square Press Penthouse

Court Square Press Penthouse

Court Square Press Penthouse

For further information on any of these condos, or any of the other million dollar Boston condo listings, please contact us.

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

Folio Boston Condos at 80 Broad Street

Oftentimes, at any given point, multiple units are available for sale at Folio, for more information on the current selection including a full price list, or to sell your unit, please contact us.

With so much action happening on Broad Street in Boston’s Financial District, we wanted to take a look at what is currently available at Folio Boston, which is a 14 story new construction luxury development in the heart of the Financial District, just steps from the Waterfront.

Folio opened in March 2006 at 80 Broad Street, and after an auction earlier that year, the building filled quickly, and now we are left with resale opportunities only, which, at this time, provide you a respectable selection.

Folio Boston Condos

The building is quite striking, and offers amenities expected from a luxury development, including a valet-serviced heated parking garage, 24 hour Concierge, floor to ceiling windows in many units, granite counters, high-end finishes, and food delivery from adjacent restaurants.

There are currently six units for sale at Folio Boston, ranging in size from 600 to 1,500 square feet, and in price from $459,000 to $1,299,000. Deeded parking spaces are still available in the building as well, for a price of $80,000 each.
Folio Boston Condos

If you need further information about the Folio condominiums for sale, or you would like to make an offer on an available unit, please contact us.