Atelier 505 Luxury Condo with Outdoor Space

March 28, 2008 By

The Atelier 505 building on Tremont Street in an exquisite location in the South End remains one of the premier properties in that neighborhood. Turnover is relatively low in the luxury development, however, a recent listing with private outdoor space recently became available: Unit 417, a 1,364 square foot 1 bedroom 1.5 bathroom unit with a 230+ square foot patio and one deeded garage parking space – list price is $1,249,000.

Atelier 505

The Atelier location puts you only a short walk from both the restaurants and neighborhood feel of the South End, and the bustling city center. For more information about Atelier, or the South End, please contact us.

Atelier 505

Atelier 505

Filed Under: South End Condos Tagged With: , ,

Ritz Carlton Flush with Available Condos

March 25, 2008 By

The number of available condos at the Boston Ritz Carlton Towers have continued to tick up over the past several months, with 16 currently available units for sale, and another 6 currently Under Agreement – there has been a lot of action at the luxury Midtown location.

There aren’t too many developments that rival the Ritz in terms of size, and availability of units, perhaps Harbor Towers is the only one (see Interesting Week for Boston Condo Pricing for further commentary on what is happening at Harbor Towers). The Ritz, however, is a classic concierge property that has a strong brand name going for it. Price per square foot is currently all over the map at the Ritz, stretching from $570 to $1,600 (list prices from $699K – $5.295 million).

All Ritz Carlton Listings: Ritz Carlton Condos (23.9 MB PDF with photos)

Why the build up in inventory at the Ritz? Quite possibly we’re seeing such a trend because of the new ultra luxury developments that are hitting the market, be that 45 Province right nearby, the Clarendon Back Bay, Mandarin Oriental, Bryant on Columbus, Battery Wharf, or even the Intercontinental, which is quite similar in genre to the Ritz. The Ritz was built in 2000, so it is a relatively new property, but perhaps does not have the same freshness, ceiling height, amenities, or location of other new developments in downtown Boston. There are many different unit types and styles at the Ritz, yet a fair amount of the units have more of an old world type charm to them versus some of the cleaner lines of more recent developments. Nonetheless, the higher units provide commanding views of the city, the Common, the Charles River, and the Harbor.

Filed Under: Midtown Condos Tagged With: ,

Neiman Marcus to Pop its Top

March 23, 2008 By

In more suburban residential real estate, you’ll oftentimes hear the phrases “scrape off” and “pop the top”, referring to buying a home namely for the land and bulldozing the house down to build something bigger and better, and buying a one-story ranch style home and adding an additional level to it, respectively. Boston may be poised for the latter. The Boston Courant ran a story last year that covered several new large-scale developments (both commercial and residential) that were in the works for Boston, and one of those has been getting more press lately: the high-rise build out of the Neiman Marcus store.

The potential build of a 47-story tower over the top of Neiman Marcus near Copley Square, adding a reported 300 luxury condo units to the area, is in the works. Our sources at the Boston Redevelopment Authority have received a Letter of Intent (LOI) for project submittal from Simon Property Group (Developer), so the process has officially begun.

If built, this would be the grand daddy of the Back Bay in terms of residential condo tower height, and would provide owners on high floors unparalleled views of the city, Copley Place, and the Charles River.

What’s interesting to note is that the Wall Street Journal just published a front page weekend edition story entitled Woes in Condo Market Build As New Supply Floods Cities, which speaks to the troubles that some cities such as Miami, Fort Lauderdale, and San Diego (no mention of Boston was made) are experiencing where condo developments in the pipeline are having difficulty selling out, shifting direction to rentals, or are being canceled all together. The rising supply is a reflection of the picture in 2004 through 2006 — a time of huge demand for condos. Speculation was rampant as investors believed empty nesters and young professionals seeking an urban experience akin to what they watched on “Friends” would prop up the condo market for years.

The downtown Boston real estate market has remained strong (see No Real Estate Crisis in Boston), and condo developments are continuing to break ground and come online (take the Bryant on Columbus, the Clarendon Back Bay, and 285 Columbus Lofts for instance, all within 2 blocks of the potential Copley Place tower). We have seen projects move from for sale condos to rentals, take Avenir, and Harbovriew for instance. However, there may be good reason for such “failures” as for sale condo developments (see Harborview Navy Yard Fails, Now Luxury Rental). We’ll stay close to this new development near the heart of the Back Bay, should it be built, it will be a grand addition to the area.

boston-neiman-marcus

Filed Under: Back Bay Condos

Cheap South End Listing

March 22, 2008 By

For a list of all available deeded parking spaces in downtown Boston for sale, please see our Boston Parking Spaces page.

A $62,500 South End listing hit the Boston MLS this morning. Unfortunately for those out there searching for a bargain South End piece of property, it’s a garage parking space at Wilkes Passage, rather than a condo itself. According tot he listing agent, it’s the best single parking space available, is a large end space, which is easy to navigate, and is next to a pole for added security against wayward doors.

At this time, there is also a tandem parking slot (with a capacity of 2 cars) for sale at Wilkes Passage for $82,500.

Filed Under: South End Condos Tagged With:

125 B Street Lofts Now Sold Out

March 19, 2008 By

According to the Boston MLS, as of March 14, 2008, the last two lofts at 125 B Street Lofts are now under agreement. Built in 1856, the former schoolhouse was converted into high-end lofts in 2006. The 16 lofts in the building sold relatively quickly, save the last two units.

The exposed brick and soaring ceilings makes these units feel very large, and B Street is substantially more quiet than A Street in terms of road noise. As northern South Boston continues to get built out, resale units in this development will be sought after.

Filed Under: South Boston Condos Tagged With: , ,

Former Boston Hard Rock to be Office Space

March 18, 2008 By

The former Boston Hard Rock Restaurant that once sat at 131 Clarendon Street was purchased in conjunction with the new adjacent condo development called the Clarendon Back Bay, and will be converted into Class A commercial real estate.

To us, the building looked like a potential fit for a boutique condo development, but it will go down a different path. There will be no connection between the Clarendon condo development and the soon to be commercial property.

The Boston hard Rock Restaurant has since moved to the Faneuil Hall area at 22-24 Clinton Street after 17 years in the Back Bay.

131 Clarendon Street

Filed Under: Boston

285 Columbus Lofts Builds Second Model

March 17, 2008 By

Where the Back Bay meets the South End, 285 Columbus Lofts is steaming towards a June 2008 completion. Over 35% of the development is sold, and the popularity and attention this development garners is well deserved, the redevelopment has been done right. From the triple pane windows and over the top interior insulation blocking out nearly all noise exterior to your unit (for instance, between floors, there is 2 feet of open air, 3 feet of cement, as well as padding), to the gorgeous finishes, 285 Columbus Lofts offers a high-end boutique development with a great location.

In addition to the signature multiple exposure corner unit (unit floor plan 5) that was built out early in the development process as a model unit, 285 Columbus Lofts has recently added a second model unit, a two-bedroom two-bathroom unit (unit floor plan 8). Both model units are located on the second floor, and provide a great feel for how your unit will look upon move in. Tall ceilings (9’6″) and large windows make these units flow well.  HOA fees are estimated to be approximately 60 cents per square foot, and are based off of numbers seen by the developer at another one of their developments, 360 Newbury.

For more information on these Boston lofts, please contact us.

285 Columbus Lofts

Filed Under: Back Bay Condos Tagged With: , , ,

The Prince on Newbury Street Open House

March 16, 2008 By

Newbury Street, the always good for people watching trendy shopping and eating lane of Boston, is home to the Prince condo development at 201 Newbury Street. There are 36 units in this concierge served building with a common roof deck, and Unit 506, is currently available for sale.

Unit 506, with a loft-style feel, offers 1,314 square feet spread across a duplex corner of the building with 2 bedrooms and 2.5 bathrooms. Currently listed at $959,000 after a price reduction this past Thursday, this loft-style unit in the heart of Boston’s Back Bay is worth a ride in the elevator up the the condo. One deeded parking space is included, a coveted piece of property in the Back Bay, with spots oftentimes garnering in the six figures, or close to it.

The Featured Open House will take place at 201 Newbury Street on Sunday, March 16, 2008 from 1:30 PM to 2:30 PM. For more information, or to setup an additional private appointment for a second showing, please contact us.

Prince Condos on Newbury Street

Filed Under: Boston Open Houses Tagged With: , ,

Dockside Place Condos on Sleeper Street

March 15, 2008 By

We receive questions from Buyers somewhat regularly on whether there are units available at Dockside Place Condominiums at 15-33 Sleeper Street in the heart of Boston’s Seaport District. The typical answer is that there is rarely, if anything, available. That said, a rarely available unit at the 89-unit loft-style two-building condo development is now available.

Unit 203 is a 868 square foot one-bedroom one-bathroom loft that boasts exposed brick and beams, and excellent views of downtown Boston over the Fort Point Channel. Listed at $499,000 ($574 per square foot), this Boston loft comes with a $366/month HOA fee, which includes extra storage. No parking is included.

For more information, please contact us.

Boston Dockside Place Condominiums

Boston Dockside Place Condominiums

Filed Under: Seaport District Condos Tagged With: , ,

Warm Welcome from the Clarendon Back Bay

March 13, 2008 By

We received a warm welcome yesterday from the sales staff at the Clarendon Back Bay, the latest soon-to-be ultra luxury property to hit Boston. There’s no doubt that the bar has been raised in downtown Boston real estate, amidst the high and low rises, quality craftsmanship, luxurious amenities, and great locations, the Clarendon does not disappoint.

As you may already know, the Clarendon will be a for-sale condo and rental mix. Much like other developments having such a mix, the condos will be completely separate from the rentals (separate entrances, terraces, and amenities). Luxury runs deep through the Clarendon with an all valet garage, the Related’s (developer) idea of a dual concierge system, culture lounge and conference room, private clubroom, Equinox fitness center (Related acquired Equinox in 2006), private and common terrace, gourmet market with prepared foods, a high end bistro restaurant (Ken Himmel), and tasteful and clean architecture (Robert Stern). Perhaps the baseline of luxury that has already been established in Boston you might say? Let’s see how the Clarendon separates itself.

the-clarendon-back-bay

The Clarendon Back Bay will be the only high rise residential condo development in Back Bay, period. Condos start on the 15th floor of the development, producing some great views for the 11 units per floor, and starting on floor 19 up through 33 (deemed “The Tower”), the 5 units per floor, will again, enjoy commanding views. Being steps from Copley Place (Clarendon and Stuart), and a 2-4 minute walk into the South End, situates the building in an ideal location on the edge of the “city” and that neighborhood feel several short blocks away. And frankly, the combination of amenities that they are putting together is actually quite rare – you’ll be hard pressed to consistently find Boston condo developments cover the gamut of services and amenities that the Clarendon will pony up for its condo residents (save, a pool, and a viewing room).

Units span well laid out studios with sleeping alcoves, 1, 2, and 3 bedrooms, with talk of combining some floor plans to create mega units. White oak is throughout. A nice touch in all kitchens will be a sub zero wine cooler, while a Miele washer and dryer will be included in each unit, and garbage chute on each floor (convenience is splendid). Only two units in the entire development will come with private outdoor space, a coveted unit on the 19th floor, and another on the 29th floor. If your unit does not come with a parking space in the all valet garage, one can be rented for $400+ per month, or purchased at $150K each.

For those interested, please contact us to setup an appointment to visit the sales center, where you can touch and feel amenities (including a kitchen and bathroom buildout), and get a feel for different floor plans and their positioning within the building. Interest has been strong for the Clarendon thus far (even with its delivery date scheduled for late 2009 / 2010), and it’s obvious why, it will be a stellar addition to the city, raising the bar of Boston real estate even further.

Filed Under: Back Bay Condos Tagged With: ,
« Previous Page
Next Page »