Penny Savings Bank Update

May 30, 2007 By

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.

Filed Under: South End Condos Tagged With: ,

Waltham Tavern Condos

May 28, 2007 By

The Boston Courant recently reported that the Waltham Tavern at 298 Shawmut Avenue will be converted into six luxury condo units. As you may recall, the Waltham Tavern was shut down in early 2006 due to drug sales.

Barring any unforeseen circumstances, the Huntington Group would like to move forward with construction in the August 2007 timeframe. With plans to totally gut rehab the entire building, construction should take a minimum of eight months.

The new condo construction planned at the Waltham Tavern condo development is just one of many redevelopments of notable “landmarks” in the South End, of most note, is the D4 Police Station redevelopment (opening in June 2007), and the Penny Savings Bank condos (opening in July 2007).

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Weekly South End Condo Stats

May 21, 2007 By

Let’s take a look at the latest South End Condos that have sold from the Boston MLS over the past week, compared to the previous week’s statistics (in parentheses).

The number of South End Condos that sold: 6 (9)

Lowest Price: $377,000 ($380,000)
Median Price: $688,445 ($535,000)
Highest Price: $1,265,000 ($1,140,000)
Average Price: $660,740 ($586,888)

Average Days on Market (DOM): 81 (56)
Sales Price / Listing Price Ratio: 99% (98%)

Start Date: 5/13/2007
End Date: 5/19/2007

The Average Days on Market has stayed (well) below 100 for the past two weeks – a significant drop for the first quarter of 2007 when we saw this number up near the 120 day mark.

Filed Under: South End Condos

South End Penthouse Duplex Sells Fast

May 21, 2007 By

With the Average Days on Market statistic continuing to stay below the triple digit mark, we are seeing a predominance of condos move quickly off the market at full, or near full, asking prices.

Looking at the past week of sold South End condos, there was a $1.2 million dollar duplex condo at 128 Pembroke Street that was on the market for a mere seven days before going under agreement at 98% of the asking price – the 2003 renovated 1,700+ square foot duplex penthouse unit with roof deck and deeded parking in the South End went quickly.

There is a fair amount (32) of listings on the market in the South End priced between $1 million and $1,5 million, but the Average Days on Market is trending down, a sign that pricing is correct, and buyers are coming out of hibernation.

128 Pembroke Street Penthouse

128 Pembroke Street Penthouse

128 Pembroke Street Penthouse

128 Pembroke Street Penthouse

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Almost a Rainout for D4 Condos

May 17, 2007 By

The new D4 Condo Development held an open house tonight to showcase their progress and to try and push the six eight condos that remain for sale. The weather was rather uncooperative with a downpour coming late in the afternoon. Regardless, we made the soggy walk over to the east end of Warren Avenue to check out the latest happenings with the development.

D4 Boston COndos

The D4 Police Station redevelopment was your recent winner for “what Boston condo development are you most excited about“. The D4 condos (D4 Living) have a lot to offer, from a cool facade, to quality finishes, unique Philippe Starck design, top of the line kitchen appliances, and bold marble throughout. However, aside from the roof decks, the balconies are quite small, and some (and we do only mean some) of the spaces are contrived – perhaps not as well flowing as the Meads of Commonwealth for instance.

On a whole, when the development opens for occupancy in June 2007 October 2007 (pushed back from the original advertised April 2007 date), it’s going to be a unique place to live and call home, one of those places that will have some prestige when you tell your friends where you live, similar to that of the Penny Savings Bank condos.

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South End Condo Market Statistics

May 16, 2007 By

The weekly roundup of South End Condos that have sold have been compiled from the Boston MLS – compared to the previous week’s statistics (in parentheses). The number of South End Condos that sold: 9 (18)

Lowest Price: $380,000 ($272,500)
Median Price: $535,000 ($487,500)
Highest Price: $1,140,000 ($899,000)
Average Price: $586,888 ($388,208)

Average Days on Market (DOM): 56 (114)
Sales Price / Listing Price Ratio: 98% (98%)

Start Date: 5/6/2007
End Date: 5/12/2007

The million dollar listing (two-bedroom penthouse duplex at 82 Montgomery Street) was on the market for a single day before going under agreement with a full price offer, perhaps a testament to what we have seen lately with properties moving quickly if priced correctly from the beginning.

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Penmark Condominiums Availability

May 9, 2007 By

The Penmark Condos in the South End are looking to get plucked off the market. Situated on Father Gilday Street among a lot of new development, eleven luxury units remain for sale at the Penmark, ranging from a 991 square foot one-bedroom priced at $584,000, to a 1,739 square foot three-bedroom unit priced at $1,165,000, both with deeded parking.

The South End has seen a resurgence of high-end luxury developments, and the Penmark Boston Condos offer a piece of luxury south of Washington (SOWA). For details on all the remaining units at the Penmark development, view the PDF document below:

Penmark Condominiums Availability

South End Boston Penmark Condos

South End Boston Penmark Condos

South End Boston Penmark Condos

Filed Under: South End Condos

Claremont Park Condos

April 19, 2007 By

Claremont Park in the South End is a quiet Boston street that has three prime South End condos for sale. Flanked by The Columbus Cafe (great service) and The House of Siam (great pineapple fried rice), Claremont Park condos are nestled nicely into the South End right off of the northwest corridor separating the Back from the South End.

We are going to highlight the three available Claremont Park condos ranging in size from 967 to 1,546 square feet, and in price from $489,00 to $869,000. We’re going to put our money on 1 Claremont Park, which we feel gives you the best bang for your buck (at $549 per square foot), and most upside potential for resale after your purchase (low hanging fruit by installing new appliances).

34 Claremont Park (offered at $489,000) has been on the market for almost a year now, and has seen around $100,000 in price reductions – this serves as a lesson to all sellers to price your home appropriately the first time around. [Read more…]

Filed Under: South End Condos Tagged With: ,

Penny Savings Bank Condo Photos

April 7, 2007 By

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

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The Bryant on Columbus Boston Condos

March 31, 2007 By

It’s always amazing to see a mega structure rise from the ground out of nothing, and The Bryant on Columbus has that meager beginning wrapped up nicely. Slated for a June 2008 completion, The Bryant construction has been steadily progressing since it broke ground back in late 2006.

The Bryant on Columbus Boston Condos Construction

We stopped by the construction site yesterday to see work continuing on the foundation and parking garage. The Bryant on Columbus is stating that they will have rare two and three bedroom condo units in their Back Bay / South End location (the Bryant will sit on Columbus avenue on the border between the two Boston neighborhoods, just south of the Back Bay Orange Line T Stop). The number of smaller, and thus less expensive, units is still to be determined.

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