Unit W-10B at the ultra exclusive Boston Mandarin Oriental recently hit the MLS for $7,000,000. You have more than likely seen the building nearing shell completion along Boylston Street, and you probably are aware that the development is essentially sold out. Two things are interesting about the listing of unit W-10B:
- The entire lot of condos at the 50-unit Mandarin Oriental were marketed and sold privately, essentially, an invitation only sellout. Striking about this listing is that a traditional sale process is being used, entirely different from the process that was used for all other sales.
- The Mandarin is still months away from its grand opening, so in effect, we have a resale before a sale (or more precisely, a resale before the development has even received its certificate of occupancy).
More to come on what the Mandarin Oriental means for surrounding Boston businesses.
Keith Munsell 
I am surprised the Purchase & Sale agreement would actually allow a “flip” like this to take place. Some new developments are very strict about how you can re sell and who you can use as a listing broker.
Is this unit still on the market, but now for almost 10% lower?
W-10B was originally listed for resale in January 2008 for $7 million, the listing expired at the beginning of September (2008), and was relisted for $6.5 million.