Cheap South End Listing

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.

Developers Promise Columbus Center Completion

The Boston Globe recently reported that the Massachusetts Turnpike Authority board has secured a $270 million guarantee from the developers of the Columbus Center project that they will see the expensive four-block deck over the highway to completion.

The guarantee clears another hurdle for the project, which has been 11 years in planning and development, encountered monumental opposition, and finally went into construction only late last year.

Columbus Center is a significant mixed-use six-building development that will be built on top of a deck that stretches over open traffic lanes on the Massachusetts Turnpike from Clarendon to Tremont Streets in Boston’s South End.

An interesting point that the article in the Globe mentions is that the deck will be owned by the Turnpike. The Turnpike Authority amended its air-rights lease with the developers, Winn Development and MacFarlane Urban Realty Co., to clarify the ownership and purpose of the deck on which the mixed-use project is being built on the edge of the Back Bay.

That clarification – stating the deck will be owned by the Turnpike, leased to the developers, and created in part to benefit the public – was necessary for the developers to use $10 million in jobs-creation grants from the state.

Crews have been onsite in the South End for some time now, working nearby other developments, including 285 Columbus Lofts and the Clarendon Back Bay.

Penmark South End Condo Update

We received a request to provide an update on the Penmark South End condo development in Boston’s South End. Located on Father Gilday Street, parallel and south of Washington Street, the Penmark is a 60-unit well appointed development that has been laboring to close out the final developer units from the 2005 redevelopment of the building. We blogged about what were the 11 units for sale back in mid November (see Penmark South End Condo Prices), and now there are 7 remaining units on the Boston MLS.

Various floor plans are still available in the $566 to $740 per square foot (+/-) range. Available units are listed from $565,000 to $1,055,000, and do include garage parking.

For more details on available units: Penmark South End Condo Listings (2.7 MB PDF)

Massive Gateway Terrace Boston Loft for Sale in South End

Built in 2005, this Gateway Terrace Boston Loft style three-bedroom two-bathroom duplex offers 2,789 square feet, as well as multiple outdoor private spaces. The kitchen boasts the de facto standards for luxury, and the master bedroom includes an en suite bath with television, steam shower, and rain showerhead (as well as ample closet space). Currently listed at $2,695,000 ($966.30 per square foot), including four (4) garage parking spaces and a private storage room.

Gateway Terrace at 1166 Washington Street Boston, MA 02118 offers condos and lofts in South End Boston with garage parking, at the corner of Washington Street and Berkeley Street. The $1,115 HOA fee on this Boston Loft includes Heat, Hot Water, Gas, Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal.

For more information on listing your condo for sale with us, use the contact us link at the top of this page.

Boston Gateway Terrace
Boston Gateway Terrace
Boston Gateway Terrace
Boston Gateway Terrace
Boston Gateway Terrace

Columbus Center Gets Reprieve

It was back on January 8th that we did a feature on Columbus Center (see Will Columbus Center Ever Be Built). At that time, the development team behind Columbus Center were under pressure to secure funding before a January 15, 2008 deadline to secure the necessary funding for the project to continue (after lenders backed away from the deal). January 15th came around, and the decision was postponed, until February 15th.

Recently the South End News (see Turnpike Authority waives Columbus Center deadline for funding) reported that the deadline has now been waived and the development team behind Columbus Center is free to move forward. A lender is not yet in place to pump the needed $500 million into the project, but those involved feel as though everyone is working in good faith, and they’re comfortable moving forward on that notion.

Some people are fans of the Columbus Center condo-hotel development, others are staunch pessimists. Regardless, if and when the development is finally complete, the area will look much better than it currently does, neighbors, however, are more than likely in for a noisy few years if and when construction gets going for real.

South End Concord Baptist Church Update

Back in late January, we reported that the Concord Baptist Church in the South End would be converted into condos (see Concord Baptist Church to be South End Condos). A South End Landmarks Commission meeting took place on February 5, 2008 to review plans for the condos by developer Peter Zagorianakos. Below are the meeting minutes.

Peter Zagorianakos presented conceptual drawings of his plans for developing the church. Parking in basement, accessed either through alley or by curb cut on Warren where present door on east end of Warren Ave façade. Peter contended that there exists an 8 foot easement to church from back alley. This was strenuously disputed by the Pelletiers. Further, Jeanne Pelletier referred to the need to protect the 150 year old oak that grows on the side of the alley. Peter also claimed that the church has a 2 foot easement along the rear of the properties located at 174-182 West Canton.

Then, 4 levels of condominiums, yielding 16 units in all. First floor would use present window line on Warren Ave, wrapped around to façade facing West Canton. Second floor would have high ceilings, utilizing next level of existing windows, wrapped around as first level. The third and fourth levels would be under the cupola, whose height would not be raised. Substantial fenestration in the present roof line was shown, on the third and fourth levels. Windows would be placed in the arches facing West Canton.

Peter contends that the repairs done in 1975 where done badly and that the north and south walls (facing Warren Ave and facing Tremont) are in danger of immediate collapse. Jeanne disputed this, stating that the engineer has a high reputation for historical renovation, which was collaborated by a Commission member.

Views of the Commission members included the notion that this building is of the highest historic value possible and that any changes to the exterior would be done only as a last resort. This was supported by Jeanne’s documentation that the building influenced Frank Lloyd Wright. She also pointed out that the architect consciously protected the privacy of the back yards on the West Canton side by significantly reducing the windows on that side. This seemed to resonate to several Commission members.

The Commission chair asked the community to consider what other usages might be made of the building, if residential usage was not acceptable. And he asked if the community could raise the funds to prevent collapse.

Letters were read by Steve Wolfe and Paul Schmid. Susan Park spoke forcefully about the need for preservation.

The discussion started an hour behind schedule and took an hour. Next step for Peter is to come back with plans to address the issues raised.

It will be interesting to follow this South End condo development as it moves through approval and permitting process, there’s a long way to go at this point.

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The 1850 New South End Condo Development

Looking for 1850 auction information?  Read the latest on the 1850 Boston condo auction for the most up to date information.

It’s a piano factory, it’s a general warehouse, it’s a bolt and screw company’s headquarters…wait, no, it’s The 1850, the South End’s newest SoWa condo development! The five-story building bordering Wareham , Albany, and Malden Streets on the southern tip of Boston’s South End will soon be home to 60 unique condos, many with a loft-style feel, including exposed brick and beams, as well as concrete floors.

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It was approximately two weeks ago that VIP tours began at the 1850 building, and of the 60 units available, upwards of 13 units are already under reservation, beating out the fast start that the 285 Columbus Lofts enjoyed several months ago (see 285 Columbus Lofts Buck Downtown Boston Trend).

There are 53 market-rate condominiums available at the 1850, along with 7 affordable units. Market rate condos start at $326K for 722 square feet, and move upwards to $575K for 1,148 square feet. The new loft-style development offers a host of different floor plans and options in the $300’s, along with some very unique spaces. The majority of the units are loft-style single rooms, but many units are accompanied by floorplans, and are configured correctly for, the buildout of bedroom walls.

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Where do they get the name ‘The 1850’? 1850 is the year that the South Bay tidal flats began being filled in, thus creating the land where the condo development sits. The development formerly had the name ‘SoHa Lofts’, but the new name, The 1850, holds a nice hint of seductive meaning.

Parking spaces in an adjacent lot number in the high 30’s, and are available for purchase separately (they run around $35K each +/-). HOA fees will be approximately 47 cents per square foot, and parking will be $30 per month should you have a spot. Kitchens are electric, include granite counters, and stainless appliances (including a Fisher Paykel refrigerator). The building is served by one elevator, and two staircases, and is wired for Comcast cable and Internet. Fifth floor (penthouse) residents will have roof rights, but would have to pursue access and buildout of a deck (and all necessary permitting) on their own (i.e. there is no current roof access for residents, but owners will have roof rights).

For a limited time, before the first official open house (which is approaching quickly) at the 1850, there will be a $3K Wells Fargo financing incentive available to Buyers should they finance through Wells Fargo. Occupancy is tentatively scheduled for early summer.

This is a unique 1887 building, with a lot of character, and a really cool story behind it. It’s in the southern most part of the South End, but a very quick walk away from Harrison, Washington, and Tremont. Closet space is somewhat limited in various units, but this is easily remedied, especially if you plan on building out bedroom walls. They did an excellent job of sound proofing the exterior of the building, and some of the views are very nice. For more information, feel free to contact us.

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$100K Price Changes at D4 Condos

For a current view of availability at D4, contact us using the link at the top of this page.

Of the seven available D4 condos listed on the Boston MLS, four of them saw $100,000 price changes this week. This is following similar reductions that took place in 2007. This puts some units in the luxury South End development in the $750 per square foot range. One unit, Unit 6, a 2,147 square foot unit is now priced at $558 per square foot, rather unprecedented (note that the removal of parking spaces from some listings (valued at $90K) constitutes the bulk of the current price changes, somewhat skewing the numbers).

Concord Baptist Church to be South End Condos

It was back in November 2007 that John Keith reported that the Concord Baptist Church in the South End sold, to a condo developer (see South End’s Concord Baptist Church sold for “at least $3.3 million” … condos to follow?). It’s now January 2008, and the developer, Peter Zagorianakos, went out of his way on January 10, 2008 to meet with area residents who are concerned about Peter’s plan to convert the church into a condo development upon the congregation’s exit from the premises.

Notes from the meeting include the following:

Peter shared information about his firm and other projects they have done in the Boston area. He described their objective for the Concord Baptist Church – to preserve the structure as much as possible while making it usable as a residential building. He shared some of the challenges that they see with the building, including the large open volume of space, limited windows and floor space, structural problems with the two side walls, and some settling of the dome. He shared that they are considering taking the roof off and recreating it, building a structure within the structure made out of wood not steel and creating parking spaces accessible by a parking elevator. He expressed interest in hearing neighborhood opinion as input to his design process.

The community representatives shared some of their concerns, which included:

  • Preserving the historical nature of the building exterior, including the roof
  • Preserving the window lines, where windows are present
  • Avoiding new windows or glass on the back (East) wall and roof by the abutters’ gardens. The issue of building code, property lines and windows was also raised.
  • Addressing the framing and structural challenges of the project and also in the context of the financial viability of the project
  • Fear that the building might be torn down if the project viability became questionable after purchase
  • Understanding the details of some of the plans for the foundation and footings and the plans to mitigate construction impact on adjacent properties
  • Understanding more about the number of units, total square footage and pricing
  • Having sufficient parking places to accommodate all condo owners, or providing for alternative site parking
  • Location of access to the building’s parking spaces
  • Impact of the construction process on street parking
  • Avoiding additional traffic flow or trash pickup impact on the alleyway
  • Questions about the impact of the project on the water table

Peter Zagorianakos shared that he expects the permitting process to take 6 to 8 months, the construction drawings 3 months, and the construction process 15 months. The development is not yet listed on the Boston Redevelopment Authority’s website.

A meeting is scheduled for February 5, 2008 for Peter Zagorianakos to present conceptual plans to the Landmarks South End Commission (Room 801, Boston City Hall), currently scheduled to be covered at 6:50 PM.

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Will Columbus Center Ever Be Built

Much noise had been made back in Q4 of 2007 about the beginning of “construction” at Columbus Center. We’re now told that the job site activity was preconstruction (namely site preparation such as painting stripes on pavement, testing dirt, pulling old shrubs, adding fences, etc.), and actual construction has not yet begun.

It appears that Columbus Center is a project more than 13 years in the making, and with costs continuing to rise, the original $300 million price tag for the mixed-use condo, hotel, public park, and parking garage project has nearly tripled.

The fate of Columbus Center has not deterred other developments in the immediate vicinity from pushing ahead – 285 Columbus Lofts, the Bryant on Columbus, the Clarendon Back Bay, and the Brooke House Residences, all of which are in various phases of actual buildout, have significant inventory already sold and/or under agreement.

The property owner of the Columbus Center parcels is the Massachusetts Turnpike Authority (MTA), and as landlord, MTA recently gave the project owners until January 15, 2008 to borrow $500 million or else risk eviction. Of significant note for condo buyers at Columbus Center is the potential that residents themselves will be responsible for the infrastructure below them.

Potential condo and parking buyers at Columbus Center could be financially and legally responsible for the subterranean tunnels that enclose the 7 rail lanes (CSX freight, Amtrak, MBTA commuter rail, subway) and the 7 turnpike road lanes along the interstate transportation corridor. Neither the developer nor the government has records showing the 99-year cost of these responsibilities, but they potentially include periodic inspection by tunnel-bridge structural engineers for at least 99 years, tunnel maintenance for at least 99 years, tunnel upgrades dictated by Massachusetts Turnpike Authority for at least 99 years, and premiums for 99 years of developers error/omission insurance and owners liability insurance.

So will it ever be built? It’s hard to say if Columbus Center will be constructed as we currently know it today. It’s evident that something will be built over the turnpike eventually, as there’s nowhere else to go in Boston. The potential development of Columbus Center is exciting, as it would offer residents a final product that would significantly beautify the area, however, a lengthy construction process, and the negatives associated with a project of such scale would be felt (see Temporary Downgrade of Boston Condos).

For further information on the layout of the Columbus Center development, see the Columbus Center address information file (PDF).