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Russia Wharf Boston

Fronting the new Rose Fitzgerald Kennedy Greenway, Russia Wharf has had several owners thus far, but regardless, the building is still pressing forward in construction. Russia Wharf will be a mixed use development that will house financial juggernaut Wellington Management, as well as offer approximately 200 residential condo units.

Situated next to the rather new Boston Intercontinental, Russia Wharf will be in good company, and will add to the live-work mix that is developing in the Waterfront area of the city adjacent to the Financial District. With the exclusive photos below, you get a feel for the preservation of historic building exteriors that will be part of the project slated for 2011 completion.

Russia Wharf Construction

Russia Wharf Construction

Russia Wharf Construction

Memorial Weekend Real Estate Action

In between the hot dogs, Indy 500, Earthfest, and watching the Celtics go 1-1 over the weekend, 12 downtown Boston properties went Under Agreement (view the details 10 KB PDF).

We’re in the midst of the buying and selling spring and summer season, and even with a holiday weekend keeping many other things on our minds, real estate transactions continued to progress forward. 2 units at the Intercontinental Boston went Under Agreement, along with one of the still standing 210 South Street Leather District lofts. All said, the average listing price per square foot was $615 on these properties (actual sales price per square foot is pending on the close of each property).
Gas prices are topping $4 per gallon across the country, and the “rise of the city” is something that is becoming more of a reality every day (more thoughts on this soon).

Ritz Carlton Flush with Available Condos

The number of available condos at the Boston Ritz Carlton Towers have continued to tick up over the past several months, with 16 currently available units for sale, and another 6 currently Under Agreement – there has been a lot of action at the luxury Midtown location.

There aren’t too many developments that rival the Ritz in terms of size, and availability of units, perhaps Harbor Towers is the only one (see Interesting Week for Boston Condo Pricing for further commentary on what is happening at Harbor Towers). The Ritz, however, is a classic concierge property that has a strong brand name going for it. Price per square foot is currently all over the map at the Ritz, stretching from $570 to $1,600 (list prices from $699K – $5.295 million).

All Ritz Carlton Listings: Ritz Carlton Condos (23.9 MB PDF with photos)

Why the build up in inventory at the Ritz? Quite possibly we’re seeing such a trend because of the new ultra luxury developments that are hitting the market, be that 45 Province right nearby, the Clarendon Back Bay, Mandarin Oriental, Bryant on Columbus, Battery Wharf, or even the Intercontinental, which is quite similar in genre to the Ritz. The Ritz was built in 2000, so it is a relatively new property, but perhaps does not have the same freshness, ceiling height, amenities, or location of other new developments in downtown Boston. There are many different unit types and styles at the Ritz, yet a fair amount of the units have more of an old world type charm to them versus some of the cleaner lines of more recent developments. Nonetheless, the higher units provide commanding views of the city, the Common, the Charles River, and the Harbor.

Battery Wharf Luxury Waterfront Condos

We have received quite a few requests regarding the luxury condo-hotel development at Battery Wharf on Boston’s Waterfront in the North End – unfortunately, there is not a lot of real time concrete information out in the market on this development, so we thought we’d shed a little light on the subject. Battery Wharf is continuing the tradition sparked by the Intercontinental Boston, the Boston W Hotel & Condos, the Ritz Carlton Towers, and others of a luxury condo-hotel lifestyle (i.e. you have the perks of staying at a five-star hotel, but you also have the feeling of home). The lifestyle and living choice is appealing to a broad spectrum of buyers, anywhere from young professionals to retired couples.

Battery Wharf, which sits at 377 Commercial Street near the foot of the North End’s famed Hanover Street along the Boston Harbor, is a mixed-use development featuring 104 hotel serviced residential condos, a 150-room luxury Regent hotel, an 18,000 square foot spa by Guerlain, a marina, a 7,500 square foot restaurant and bar offering Waterfront views featuring “Cuisine Extraordinaire” by three star Michelin chef Guy Martin, a 24-hour valet parking service available at several pickup and dropoff locations throughout the premise serving the 376-space garage, and a Coast Guard museum. Invite friends to visit via private water taxi service, which serves Boston Logan Airport in 7 minutes, as well as other destinations along the Waterfront.

The exclusive photo below was recently taken on the water in Boston Harbor. You can see that construction is moving along nicely with the development now looking quite similar to the architect’s rendering at the bottom of this post. Water taxi service will be around the corner from the right-hand pier outcropping, with the Coast Guard station being on the far right.

Battery Wharf Condos

Including the Regent Hotel, Battery Wharf will be comprised of four buildings and will feature a 300 linear foot marina. As the Improper Bostonian put it, this is truly luxe living at its finest. Staff at the Battery Wharf development say that condo room-service will even leave a mint on your pillow if you want.

Getting down to brass tax, here is the shakedown of the current status: the buildout of residential condos is approximately 75% complete, of the 104 condos at Battery Wharf, 55 are under Purchase and Sales Agreements, and the 56th unit is going under reservation next week, which means, there is a good selection of floor plans and options still remaining. Still available are units ranging in size from 974 square feet to 2,430 square feet, and in price from $1,150,000 to $3,200,000 – views, floor level, and size typically define the different price points in between.

The development is currently on schedule, units will be released to early buyers sometime during December 2007. For those on the back end of reservations, and for those who reserve now, you can plan for a January or February 2008 occupancy date. The Regent Hotel will aim for an early Spring grand opening, however, a final date has not yet been ironed out, they are, however, announcing the General Manager of the hotel sometime in the next two weeks (see recent Regent Boston Hotel at Battery Wharf General Manager announcement).

For more information, please contact us, we would be happy to arrange a visit to the sales center, and a first-hand look at what they are calling, Utopia Engineered.

Battery Wharf Luxury Waterfront Condos

Battery Wharf Condos

Boston W Hotel and Condos

For more recent articles on the Boston W Hotel & Condos, click on the Boston W Hotel Condos tag above.  Additionally, now that the sales center is open, contact us for more information about setting up an appointment.

Just when you thought (or rather, you are being fed the message by the popular press) that the housing market is in a downturn, Boston goes and breaks ground on a $200 million development that will change the skyline of the Theater District, and inject true upscale class and style in living accommodations for visitors and residents of Boston.

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Luxury Boston Waterfront Condos

Boston never ceases to amaze, as the craze for ultra luxurious living options continues to mount in Boston, especially along the Waterfront. The InterContinental Residences and Battery Wharf Condos are no slouches when it comes to catering to your every desire.

The Battery Wharf Condos are back on track for 2007 completion, and they are looking nice – especially considering its full service spa and on-site chef! It’s been said that these condo / hotel combinations (Battery Wharf being affiliated with the Regent Boston hotel) highlights service as part of a living environment (at a cost though).

Battery Wharf Condos

From great Boston Harbor views to luxury hotel amenities at your fingertips, Boston is pushing the $1,000 per square foot mark with The InterContinental Residences, which are built on top of the new InterContinental Hotel on Boston’s Waterfront near Fort Point Channel.

InterContinental Boston Residences

Is Boston simply trying to catch up with New York? A recent Boston Globe article called The Manhattanization of Boston quotes the following:

“The Boston market typically tracks the New York market by a three- to four-year delay, says Brian Fallon, developer of the new InterContinental Boston Hotel and Residences at the InterContinental, which opened in November. It is really only this last round of projects that have had a fully edited, refined design sense relating to the interior, coupled with full services akin to a five-star hotel.”

It’s great to see so much development happening all across the city, the investment into beautification of undeveloped and/or distressed areas fuels positivity – at MassInc’s most recent Real Talk forum, Boston Police Commissioner Davis spoke about “order” in a community, and the positive effects of that, and these Boston condo developments assist in fostering that order.