Only One Left at D4

The sales cycle is very close to completion at D4, one of two landmark buildings in the South End to be renovated into high-end luxury condos over the past 2 years (the other being the Penny Savings Bank).  Yesterday, unit 15, a 985 square foot two-bedroom one-bathroom unit, went under agreement, thus leaving only a single unit remaining for sale in the building.

Final remaining units at D4 underwent several price reductions over the summer, and with the entrance of 285 Columbus Lofts earlier this year, experienced heightened competition in the northern areas of the South End for luxury living.  D4 offers a boutique community feel of 25 units, and a calm and sophisticated ambiance amongst the cleverness of the Philippe Starck design features.

Unit 15, a 1,426 square foot two-bedroom two-bathroom corner unit is now the last unit for sale at D4.  Priced at $835,000 ($586 per square foot), the unit offers a solid value for getting into one of the South End’s most unique condo developments, and puts you just behind the Atelier 505 building, off the head of Tremont Street and all the restaurants and shops of the South End.  For more information, feel free to contact us using the link at the top of this page.

D4 Condos

What's Happening at Penny Savings Bank?

The redevelopment of the South End Penny Savings Bank from a circa 1914 bank into a 2007 mixed-use building was originally well publicized and well received by the community. The ground floor bank building has been renovated, and will host the Banq restaurant and a Citibank branch, while a clean and modern glass addition has been added above, creating 23 high-end loft-style condos. The redevelopment is striking, and a great addition to the Washington Street corridor, however, it’s absorption has been slow. We’ll look at why that is, and why recent changes leave the development poised to make a positive turnaround.

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Penny Savings Bank Featured Open House

The 23-unique boutique luxury condo development in the former Penny Savings Bank is our Featured Open House of the week. Earlier this year, The pre-war bank in Boston’s South End was completely renovated and a glass enclosure was added to the top of the original structure to create what is now The Residences at Penny Savings Bank.

The white marble and granite exterior of the Bank offers various layouts from studios (roughly 800 square feet and an HOA fee of $239) to two-bedroom two-bathroom condos (roughly 1,600 square feet and an HOA fee of $494). Living areas offer finished concrete floors (perhaps not as nice as our favorites stained and scored floors at the Lofts at 36 A) or walnut hardwood floors. All kitchens feature Viking and Best appointments. The master baths have limestone floors and “river rock” shower enclosures. Some units include private terraces or roof decks. Parking is available in the onsite underground garage for an additional charge.

Note that with a new marketing agent taking over the property, the price range for units has been slightly updated, moving the low-end down from $665,000 to $595,000 ($730 per square foot).

The Penny Savings Bank joins the recently opened D4 Police Station Condo Development as a true landmark property in Boston real estate. Along Washington Street, the ground floor of the development will house two commercial units, the banQ Restaurant, as well as a Citibank branch.

Remember that Daylight Saving Time has ended today, so turn your clocks back before heading out to see these units. The Open House will take place on Sunday, November 4, 2007 from 2 – 4pm at 30 Union Park Street in Boston’s South End (northeast corner of Washington and Union Park).

For Buyer Representation by Boston Condo Guy, or for more information, use the ‘Contact Us’ link at the top of this page.



Boston banQ Restaurant Seeks New Chef

As we reported back in July, the boutique luxury Penny Savings Bank condo development in the South End will house a new restaurant called banQ – what an appropriate play on words. The restaurant is moving towards a grand opening, and they are on the lookout for a new chef.

Boston Chefs recently reported the following:

banQ Restaurant is currently seeking a dynamic, creative and energetic sous chef for a start up restaurant team. The ideal candidate will be actively involved in menu development, training and staff education. The qualified applicant will have five years restaurant experience, understanding of food and labor costs. They seek someone who is as passionate about food and service as they are. They offer a competitive salary, benefits and the opportunity to grow with a new company.

The banQ Restaurant, along with a new Citibank branch will round out the commercial ground floor spaces below the 23 luxury condos at the Penny Savings Bank.

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

Penny Savings Bank

With just under two weeks until the July 12th grand opening of the completely redeveloped Penny Savings Bank in the South End of Boston, over 15 units remain in the 23-unit boutique condo development. Lofts start at $665,000 and prices and sizes move up from there – buyers have a large inventory to choose from at this point (somewhat of a concern to developers no doubt, especially considering other luxury properties across town have shown much higher pre-sales rates, including Madarin Oriental, Battery Wharf, and the Macallen Building, all of which have had solid reservations before opening).

Penny Savings Bank

Penny Savings Bank is a SOWA condo development that encompasses the redevelopment of the original 1917 two-story white marble bank building along with a new three story contemporary glass addition (see below for glass addition photo). Penny Savings Bank will definitely represent one of the more iconic properties to take residence in once it opens in July – much like the D4 Police Station Condos, you’ll be moving into a landmark property of the early 20th century.

Penny Savings Bank

Contact us for more information on the Penny Savings Bank condos.

Penny Savings Bank Update

Just a quick update on the Penny Savings Bank condo development in the South End of Boston. The redevelopment of the early 20th century bank into 23 luxury condominiums is progressing nicely towards its July 15, 2007 occupancy date.

Penny Savings Bank Condos

Currently, only 6 units have sold, leaving a wide variety of condos available for sale (large loft spaces, one-bedrooms, two-bedrooms, and two-plus bedrooms). Deeded garage parking and outdoor space is available. For more information, or to place an offer, please contact us.

Penny Savings Bank Condo Photos

We had the opportunity to stop by one of the South End’s up and coming developments, The Penny Savings Bank Condos. Construction continues at the northeast corner of Washington Street and Union Park Street – very close to the Cathedral of the Holy Cross, and directly across the street from Cathedral High School.

Boston Penny Savings Bank Condos

The South End Penny Savings Bank Condos will be a redevelopment of the former Penny Savings Bank (Penny Place Condominiums) at Washington Street and Union Park Street in the South End of Boston. The new condo development entails the restoration of the two-story 1917 white marble bank building, coupled above with a new three-story contemporary addition. The Penny Savings Bank condos will be a mixed-use development project, featuring 23 luxury loft, one, two, and two plus bedroom units, along with an underground parking garage.

Boston Penny Savings Bank Condos

Boston Penny Savings Bank Condos

Boston Penny Savings Bank Condos

Boston Penny Savings Bank Condos

Boston Penny Savings Bank Condos

Boston Penny Savings Bank Condos

Boston Penny Savings Bank Condos

The Penny Savings Bank is just south of the South End Buttery, which is a bakery and cafe, serving sandwiches, soups, salads, and coffee drinks. The Buttery has received good reviews throughout the city, and their cupcakes are quite good!

Boston South End Buttery

Boston Penny Savings Bank Condos

If you’re looking to sleep on a bed of money, then the Penny Savings Bank Condos (Penny Place Condominiums) in Boston’s South End may hit the spot.

Back in March 2005, the Boston Redevelopment Authority gave the go-ahead to redevelop Boston’s Penny Savings Bank in the South End into 23 condominiums, 9,000 square feet of retail space, and a 25car underground garage.

Construction on the Penny Savings Bank complex is nearing completion for the expected May 2007 completion, and Washington Street in the South End is continuing to see positive redevelopment in an area that needs it.

For more information on the this Boston condo development you can navigate to our details page: Boston Penny Savings Bank Condos.