Columbus Avenue Boston Open House

If you want to be close to the action of the soon-to-be very high end Bryant on Columbus and 285 Columbus Lofts, the penthouse at 290 Columbus Avenue may be a good fit for you. Located across the street from the two luxury developments, 290 Columbus Avenue is our Featured Open House of the week.

The unit has been on the market for quite some time, but with renovations recently completed, this unit shines nicely. Listed at $599,000, the unit boasts 916 sq. ft. ($653.93/sq. ft.), a private roof deck, and central air (come on, we can at least dream of the warm temperatures to come in a few months).

The open house will take place on Sunday, February 24, 2008 from 2:00 PM to 3:00 PM. To discuss writing an offer on this home, or any other that you see while out today, please contact us.

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More Bryant on Columbus Condo Photos

We have new exclusive photos of the Bryant on Columbus condo development along the northern side of Columbus Avenue on our new featured development page for the Bryant. We’ll be keeping a chronicle of the time series photos showing the construction of this luxury boutique development as it steams towards its currently anticipated completion date of August 2008. Visit the Bryant on Columbus page here on the Boston Condo Blog to see the new photos!

South End Concord Baptist Church Update

Back in late January, we reported that the Concord Baptist Church in the South End would be converted into condos (see Concord Baptist Church to be South End Condos). A South End Landmarks Commission meeting took place on February 5, 2008 to review plans for the condos by developer Peter Zagorianakos. Below are the meeting minutes.

Peter Zagorianakos presented conceptual drawings of his plans for developing the church. Parking in basement, accessed either through alley or by curb cut on Warren where present door on east end of Warren Ave façade. Peter contended that there exists an 8 foot easement to church from back alley. This was strenuously disputed by the Pelletiers. Further, Jeanne Pelletier referred to the need to protect the 150 year old oak that grows on the side of the alley. Peter also claimed that the church has a 2 foot easement along the rear of the properties located at 174-182 West Canton.

Then, 4 levels of condominiums, yielding 16 units in all. First floor would use present window line on Warren Ave, wrapped around to façade facing West Canton. Second floor would have high ceilings, utilizing next level of existing windows, wrapped around as first level. The third and fourth levels would be under the cupola, whose height would not be raised. Substantial fenestration in the present roof line was shown, on the third and fourth levels. Windows would be placed in the arches facing West Canton.

Peter contends that the repairs done in 1975 where done badly and that the north and south walls (facing Warren Ave and facing Tremont) are in danger of immediate collapse. Jeanne disputed this, stating that the engineer has a high reputation for historical renovation, which was collaborated by a Commission member.

Views of the Commission members included the notion that this building is of the highest historic value possible and that any changes to the exterior would be done only as a last resort. This was supported by Jeanne’s documentation that the building influenced Frank Lloyd Wright. She also pointed out that the architect consciously protected the privacy of the back yards on the West Canton side by significantly reducing the windows on that side. This seemed to resonate to several Commission members.

The Commission chair asked the community to consider what other usages might be made of the building, if residential usage was not acceptable. And he asked if the community could raise the funds to prevent collapse.

Letters were read by Steve Wolfe and Paul Schmid. Susan Park spoke forcefully about the need for preservation.

The discussion started an hour behind schedule and took an hour. Next step for Peter is to come back with plans to address the issues raised.

It will be interesting to follow this South End condo development as it moves through approval and permitting process, there’s a long way to go at this point.

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$100K Price Changes at D4 Condos

For a current view of availability at D4, contact us using the link at the top of this page.

Of the seven available D4 condos listed on the Boston MLS, four of them saw $100,000 price changes this week. This is following similar reductions that took place in 2007. This puts some units in the luxury South End development in the $750 per square foot range. One unit, Unit 6, a 2,147 square foot unit is now priced at $558 per square foot, rather unprecedented (note that the removal of parking spaces from some listings (valued at $90K) constitutes the bulk of the current price changes, somewhat skewing the numbers).

Trinity Place Multi Million Dollar Condo Sells Fast

On January 28, 2008, a 2,239 square foot unit at Trinity Place (1 Huntington Avenue) hit the market for $2,495,000. Trinity Place is a luxury, concierge served, development that houses 100 units. Unit 1302 stayed on the MLS (and still remains as active) for several hours, only to receive an accepted offer!

Trinity Place is home to the two 18th floor penthouse units that were combined after the development was completed in 2000. The two penthouse units were listed on the Boston MLS as a single unit, the highest priced condo to ever hit the Boston market at $15 million (see Trinity Place Penthouse – $15 Million). The mega listing expired, and the units are now split up, one of them listed at $7 million.

The listing agent of Unit 1302 returned a phone call on January 29th as a follow up to a client request of ours for further details on the unit…we were informed at that time that the unit had an accepted offer.

Bryant on Columbus Construction Video

It was just over 20 days ago that we reported that the Bryant was beginning to pop out of the ground and show some upward life to it, and the pace appears to be quickening as demonstrated by these exclusive photos.

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What did this site look like several years ago? A parking lot.

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The above time-series photos show significant progress at the Bryant over the past month, with multiple floors now rising out of the ground over the north side of Columbus Avenue between Dartmouth and Clarendon Streets. A quick look at the moving cranes and construction noises at the Bryant on Columbus in the following video:

360 Newbury Penthouse Finally Sells

It was back in October 2007 that we wrote a blog post on the single remaining developer’s unit at 360 Newbury (see One Condo Left at 360 Newbury…Still). Originally priced at $1,995,000 when it hit the market in early February 2007, and after going through a significant price reduction, was finally sold on December 31, 2007 for $1,530,000.

360 Newbury, the 54-unit luxury development in Back Bay, is now completely resale as units become available. Currently, one unit is for sale in the development (see Resale Opportunity at 360 Newbury).

Boston W Hotel & Condos Construction Photos

The Rock Opera plays on in the background as the to-be sleek Boston W Hotel & Condos continue to dig deeper into Stuart Street. One of the most popular items on this blog is information related to the Boston W Hotel, there’s absolutely an undertone of buzz and anticipation related to the project.

We were the first to bring you exclusive construction photos, including some unique rooftop shots of the entire construction site (see Boston W Hotel and Condos). Construction has progressed, but unlike the Bryant on Columbus which is now moving up (see Bryant on Columbus Turns the Heat On), the Boston W is still going subterranean – check out the exclusive photos below.

Boston W Hotel & Condos

The Boston W is currently scheduled for a late 2009 opening. Officials connected with the project are declining to comment on specifics at this time, so no floor plan and/or pricing information is available. We have begun to formulate a list of interested Buyers, and if you would like to be added so that you will receive updated information as it becomes available, feel free to contact us using the link at the top of this page.

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Concord Baptist Church to be South End Condos

It was back in November 2007 that John Keith reported that the Concord Baptist Church in the South End sold, to a condo developer (see South End’s Concord Baptist Church sold for “at least $3.3 million” … condos to follow?). It’s now January 2008, and the developer, Peter Zagorianakos, went out of his way on January 10, 2008 to meet with area residents who are concerned about Peter’s plan to convert the church into a condo development upon the congregation’s exit from the premises.

Notes from the meeting include the following:

Peter shared information about his firm and other projects they have done in the Boston area. He described their objective for the Concord Baptist Church – to preserve the structure as much as possible while making it usable as a residential building. He shared some of the challenges that they see with the building, including the large open volume of space, limited windows and floor space, structural problems with the two side walls, and some settling of the dome. He shared that they are considering taking the roof off and recreating it, building a structure within the structure made out of wood not steel and creating parking spaces accessible by a parking elevator. He expressed interest in hearing neighborhood opinion as input to his design process.

The community representatives shared some of their concerns, which included:

  • Preserving the historical nature of the building exterior, including the roof
  • Preserving the window lines, where windows are present
  • Avoiding new windows or glass on the back (East) wall and roof by the abutters’ gardens. The issue of building code, property lines and windows was also raised.
  • Addressing the framing and structural challenges of the project and also in the context of the financial viability of the project
  • Fear that the building might be torn down if the project viability became questionable after purchase
  • Understanding the details of some of the plans for the foundation and footings and the plans to mitigate construction impact on adjacent properties
  • Understanding more about the number of units, total square footage and pricing
  • Having sufficient parking places to accommodate all condo owners, or providing for alternative site parking
  • Location of access to the building’s parking spaces
  • Impact of the construction process on street parking
  • Avoiding additional traffic flow or trash pickup impact on the alleyway
  • Questions about the impact of the project on the water table

Peter Zagorianakos shared that he expects the permitting process to take 6 to 8 months, the construction drawings 3 months, and the construction process 15 months. The development is not yet listed on the Boston Redevelopment Authority’s website.

A meeting is scheduled for February 5, 2008 for Peter Zagorianakos to present conceptual plans to the Landmarks South End Commission (Room 801, Boston City Hall), currently scheduled to be covered at 6:50 PM.

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Boston Mandarin Oriental Positive Addition to City

What does the development of the Boston Mandarin Oriental mean for the local community? Well, aside from casting a shadow on coffee drinkers at the Starbucks outside terrace across the street, it has the potential of continuing to fuel an advancing Back Bay.

All joking aside, the Mandarin residences are a spectacle, and truly a “to be seen at” high profile development, with the minimum condo price coming in near $3 million. It was an invite only affair, and the local condo experts have had relatively little access to knowledge on the building given its hush-hush nature. The core downtown market continues to see multi-million dollar condo developments, with corresponding $1,000+ square foot prices, and it’s amazing that the trend is not stopping – that said, kudos go to Robin Brown, the brainchild behind the Boston Mandarin project, as he has essentially sold out the building well before construction is complete. Arguably, the race is on to finish on time, not upsetting 50 Buyers who plan to plunk down $200+ million for a piece of the new hotspot in Boston real estate.

Boston Mandarin Oriental

We ran a reader poll in 2007 asking readers if Boston needed another ultra-luxury development like the Mandarin Oriental. It’s a fair question, as we receive mail and comments from readers all the time asking us to cover more of the under $500K market. The average condo price in the core of downtown Boston for 2007 was over $600,000. Overall, pollsters said that Boston didn’t need more luxury developments. Given that the Mandarin will indeed be built, what’s it mean for the surrounding neighborhood?

Some could argue that the Mandarin will simply continue to feed the high-brow flame that the Back Bay has commonly become known for, but let’s take a positive approach and look at what it’s going to add to the area. Bear in mind that the Mandarin development will encompass 50 condo units, as well as a 148-room hotel. If you have seen recent tourism figures, you’ll know that Boston is one of several cities in the US that can absorb hotel room capacity (i.e. more tourists are flocking to the city, and hotel rooms are needed, and the Mandarin, much like the upcoming Boston W Hotel & Condos, will take advantage of this). Essentially, with the influx of both upper class condo buyers, and and a consistent supply of affluent tourists, the Mandarin makes the following a reality:

  • High-end restaurants directly across the street, including Atlantic Fish Co., Vox, and others, will be even more busy than they are now. Owners will accept the shadows the Mandarin casts on their terraces for the steady stream of customers looking for a “good meal” in a “foreign town”.
  • The entire Newbury Street corridor will be bolstered with discerning buyers, looking to pick up a pair of boots, or enjoy a scoop of ice cream at JP Licks.
  • Lord & Taylor will finally be connected to the core of Copley Mall via an enclosed pedestrian bridge over Ring Road, thus driving further traffic and sales into the more easily reached store – thanks go to Lord & Taylor for recently beautifying the southeast corner of Ring Road and Boylston Street.
  • The Back Bay will receive an injection of condo related attention, furthering stabilization, and even appreciation, of condo pricing in the area.
  • Residents and tourists will be well-positioned to take advantage of close by shopping and eateries – you remember the difficulty in finding “the” place to eat, or that eclectic shop the last time you were visiting a city you weren’t familiar with. The Mandarin puts you in the center of the Back Bay’s action, and makes selecting a place to eat, oftentimes one of the hardest things to do in a foreign city, easy.
  • And finally, on a lighter note, our understanding is that very high-end Commonwealth Avenue condos and townhouses will become vacant and ready for sale as some area residents make the move to the Mandarin.

Will there be negatives related to the opening of the Boston Mandarin Oriental currently scheduled for a July 2008 completion? Sure, some folks are not impressed with the exterior design of the building, and some might say that the focus in the city should be on trying to build out other neighborhoods with high quality, but more affordably-priced housing, such as deep in the South End. Nonetheless, the Mandarin has a suite of positives associated with it, and we’ll be happy to welcome it into the fold later this year.

Boston Mandarin Oriental