Macallen Building Seeks Buyers & Renters

In what seems to be a developing trend, the Macallen Building in South Boston is beginning to offer a sizeable chunk of its remaining inventory (still owned by the developer, Pappas Properties) for rent. 

Certain units have been identified as rentals, however, in effect, the entire inventory also remains for-sale, and for-sale prices have been dropped substantially all the way into the $400 per square foot range – in light of the economic downturn, apartment rentals at the Macllen Building appear to be the best option and current rental specials signal Pappas Properties is serious about quickly bolstering building occupancy and paying down outstanding debt.

This Macallen Building rental special offer is on the table for renters who choose a 14-month lease, beginning on or around April 1st, and involves two months of free rent – all utilities (even Direct TV), and one garage parking space all included in the rental fee.  It’s extremely rare for a luxury Boston condo development boasting such a stacked list of amenities and quality to offer such a promotion.  From its newly finished onsite gym to the heated three-season pool on the 20,000 square foot landscaped terrace to the soon to open gourmet market, the things to do right at the Macallen Building outnumber those in several small New England towns.  Not to mention it’s located right next to the Red Line Broadway T stop and the Harbor Walk.

Rents start at $2,200 for the one available studio, $2,250 for spacious and open loft 1-bedroom units, $3,500 for 2-bedroom apartments, and $6,900 for the one available 3-bedroom. 

If you factor in the 2 months of free rent, most of the rents will come down by at least $300 per month effectively, which makes this offer rather compelling for the trendsetting renter to live in one of the most unique buildings Boston has ever seen.