Interested in reserving a unit at the June 2008 planned FP3 Boston condo development, one with a private outdoor terrace? We thought you might. Bear in mind that FP3 will offer all residents a common outdoor roof deck, but, if you would like to get your hands on a private space, consider the following options:
- A one-bedroom unit with 764 square foot of indoor living space and 265 square feet of outdoor space starting at $699,000
- A one-bedroom unit with 783 square feet of indoor living space and 237 square feet of outdoor space for $749,000
- A one-bedroom plus study unit with 969 square feet of indoor living space and 150 square feet of outdoor space for $779,000
- A two-bedroom penthouse unit with over 2,200 square feet of indoor living space and over 1,000 square feet of outdoor space for $1,999,999
FP3 will run water, gas, and electrical onto each terrace. For assistance in making a reservation on a unit at FP3, slated for a June 2008 completion, please contact us.
Keith Munsell 
$699K for 764 Sq. Feet really seems like a ridiculously high price to pay, regardless of outdoor space, especially keeping in mind that the building has no parking! There are other buildings right down the street, such as Channel Center, that offer more square footage, nicer finishes, outdoor space and parking for substantially less. Is anyone actually buying these units?
Almost 20% of the units are under reservation at this point.
Interesting to know, thank you for responding. Since the building has 97 units, I guess that would mean that around 17-18 of them are currently reserved. The building from my understanding was slated for completion in December, but the date keeps getting pushed out, so it would appear that units are not selling very well at all. What is your opinion of FP3 compared to buildings like Wormwood and Channel Center?
You more than likely heard about FP3 pushing out their occupancy date for a second time right here on this blog, we were the first to break the news in early August.
FP3 has this mystique or aura around it for setting a new standard in the Seaport District, which could very well be true. Channel Center and Fort Point Place (Wormwood) are the “early adopters”, they are like your friend who bought the iPhone when it came out on June 29th. With the recent commitment of investment into the Channel Center area, it will only get better (perhaps a bit noisy for a while), but it’s absolutely a great place to be. And you’re spot on that you get a lot for your money in these developments, much more so than you will, eventually, get at FP3.
Mark it down that both the Seaport District, and the northern end of South Boston are the new hot spots “in the city”, there are a lot of opportunities right now, and the area continues to get more built out. Keep your eyes out for further posts on this topic coming soon.
I love the location at FP3. But, I agree with Jeremy. The prices are too high at FP3 without parking. I can’t picture myself spending nearly $1M without a place for my car. I have a source that only 15 units are under agreement at FP3. I think I will let this market bottom out before I buy.
I agree that the prices are too high. Especially with the other condos in the area going for much less and with parking included. Also I looked at the materials that they will be using at FP3 and can’t say that I was particularly impressed. I didn’t like the colors and it almost looked cheap despite the emphasis that they were coming all the way from Italy.
It’s interesting that when we hear the term ‘imported from Italy,’ we automatically assume quality. I have been looking at condos in Brookline, South Boston and the Back Bay over the past several months, and can tell you that I am now suspicious whenever I see a listing with that terminology. Just because it is imported from Italy doesn’t necessarily mean it is of superior quality. Sometimes it does, but not always, and usually not in my price range. What’s worse is when these Italian fixtures are of sub-par quality, you are essentially paying a price that is equal to or greater than a finely made American piece (or other origin), when you take into consideration the shipping and taxes to bring this junk across the ocean. Quality is something that should be recognized upon actual inspection, not upon reading a sales brochure – if they have to spell it out for you (and provide overt emphasis), I am automatically suspicious.
Jeremy is correct! I am an Architect and the architectural detailing, at least for the first 6 floors, is fairly disappointing. The shower pans are “plastic” and the color pallet could be described as institutional.
Amen to all the previous posts. Couldn’t have said it better.
The seaport/fort point/west broadway neighborhoods may be “hot” but I’m not convinced that prices there will hold through the next few years. It’s still a no man’s land in terms of availability of shopping, dining and other services. And I don’t want to lose my downpayment/equity in a declining market.