Mandarin Oriental Resale Listing $7 Million

January 11, 2008 By

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:

  1. 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.
  2. 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.

Filed Under: Back Bay Condos Tagged With: ,

Bryant on Columbus Turns the Heat On

January 5, 2008 By

At the beginning of December, we were the first to bring you the news of the Bryant on Columbus coming up out of the ground, above its multi-level underground garage (see Lift Off at Bryant on Columbus). Work continues to progress quickly at the Bryant as evidenced by the exclusive photos below – the photo immediately below on the left is the current construction site, while the developer’s mockup on the right shows what the Bryant will look like upon completion later this year.

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Bryant on Columbus Completion

At this point, it’s hard to say if the building will be move-in ready by its currently estimated August completion date. The developer pushed the date back once already, but with the quick movement that they have seen over the past several months, August, at this point, does not look like it is entirely out of the question. For comparison, the Mandarin Oriental, which is just a few blocks away, has its shell nearly complete, and they are targeting what appears to be a quite realistic July 2008 opening.

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Bryant on Columbus Pricing

The Bryant will boast three-bedroom floor through living spaces. Three-bedroom units start at approximately $1,550,000 for just over 2,000 square feet, and run up through $2,950,000 for 2,000+ square feet penthouses with private outdoor space. Price per square foot at the Bryant ranges from $750 to $1,400+. Direct elevator access, 5-day concierge, secure garage parking, and high-end finishes throughout these condos along Columbus Avenue (where the Back Bay meets the South End) will be an excellent addition to the neighborhood.

bryant-on-columbus-construction-2

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Filed Under: Back Bay Condos Tagged With: , ,

Resale Opportunity at 360 Newbury

December 21, 2007 By

With the final penthouse at 360 Newbury still languishing on the market (see One Condo Left at 360 Newbury…Still), a new resale opportunity has come along. Unit 405 at 360 Newbury is a 1,342 square foot two-bedroom, two-bathroom unit listed at $1,250,000 ($931 per square foot). For comparison, the remaining penthouse unit is priced at $870 per square foot.

360 Newbury is an iconic building built in 1918 and renovated in 2005 that sits at the southeast corner of Newbury Street and Massachusetts Avenue. Designed by Frank Gehry, the building houses luxury condominiums, a T stop, and a three floor commercial space (currently occupied by the Back Bay Best Buy).

Unit 405 was purchased just over a year ago for $1,005,000. 360 Newbury is one of the anchor condo developments in the Back Bay, however, the double digit appreciation that the Seller is striving for is bold. For more information on either of the available units at 360 Newbury, please contact us.

 

Filed Under: Back Bay Condos Tagged With: , ,

285 Columbus Lofts Buck Downtown Boston Trend

December 15, 2007 By

It was just over a week ago that we visited the 285 Columbus Lofts Broker Open House, at which time, there were 4 units Under Agreement at the luxury rehab of the former American Red Cross building at the corner of Clarendon Street and Columbus Avenue. According to Boston Homes, 12 are now Under Agreement slated for a June 2008 completion.

The absorption of 285 Columbus Lofts, now at approximately 20%, bucks trends elsewhere in the city for new downtown condo developments that have not yet opened. For instance, the neighboring Bryant on Columbus development is approximately 10% Under Agreement, while FP3 Boston in the Seaport District is approximately 20% sold, but has had a significant head start on 285 Columbus Lofts. As we detailed earlier this week (see What’s Happening at Penny Savings Bank?), Penny Savings Bank in the South End is approximately 30% sold, while the development has been open for several months, and had a significant runway of preconstruction showings.

Buyers are taking to the convenience of being next to a transit center – we’re seeing similar developments to 285 Columbus, such as the Carruth in Dorchester popping up adjacent to transit stations. You’ll be able to catch buses, the T, commuter rail, and even the Acela Express from 285 Columbus Lofts’ Back Bay transit station. The developer, Boston Residential Group LLC, at 285 Columbus Lofts did a good job insulating the walls and windows (triple pane) from the exterior noise.

For more information, or to setup a showing at 285 Columbus Lofts, contact us.

Filed Under: Back Bay Condos Tagged With: , , ,

285 Columbus Lofts Broker Open House

December 6, 2007 By

The redevelopment of the American Red Cross building at the northwest corner of Columbus Avenue and Clarendon Street, known as 285 Columbus Lofts held a broker open house today. This was the first look that many agents across the city have had to look at this new loft-style development where average price per square foot is $850, and 4 of the 63 units are Under Agreement. The exclusive panoramic photo (click to enlarge) below is a shot of the multiple exposure model unit overlooking Clarendon on the left, and Columbus on the right. More details to come soon on this new Boston condo development at 285 Columbus Avenue.

285 Columbus Lofts Photos

Filed Under: Back Bay Condos Tagged With: , , ,

Lift Off at Bryant on Columbus

December 4, 2007 By

It’s been over 6 months in the making, but we finally have above-grade progress being made on the Bryant on Columbus, a 50-unit ultra-luxury condo development on the northern side of Columbus Avenue between Dartmouth and Clarendon along the border of the Back Bay and South End (steps away from 285 Columbus Lofts).

Multiple cranes have been onsite for the past month, and progress has definitely been made after laying the foundation for the below grade parking garage. See the exclusive photos below for a view of the upward progress.

Approximately 10% of the development is under reservation or in process. Interesting to note that concierge services will be available Monday through Friday at the Bryant, keeping HOA fees down considerably in comparison to similar high-end developments across the city.

For more information, or to setup an appointment to visit the sales center (with a model kitchen, bath, and doll house rendering), contact us.

Bryant on Columbus Construction Photos

Bryant on Columbus Construction Photos

Bryant on Columbus Construction Photos

Filed Under: South End Condos Tagged With: , ,

Atelier 505 Boston South End Luxury Condos

December 3, 2007 By

2007 has seen a fair amount of action at one of the luxury anchor properties in the South End, Atelier 505. 11 units sold in the building, 2 are currently for sale, and 1 is under agreement – a steady 15% turnover rate in the 103-unit building.

Price per square foot (of the sold properties) in the building ranged from $690 to $982, quite a large range, accounted namely by inclusion of parking and outdoor space in some units versus others.

More information can be found on the two available units in the attached PDF file (see Atelier 505 available units 3.36 MB). Additionally, we have recently posted further background information on the South End ultra-luxury development on the following page: South End Atelier 505.

Filed Under: South End Condos Tagged With: , ,

Prices Announced at 285 Columbus Lofts

December 1, 2007 By

Several price points have been identified at the new 285 Columbus Lofts condo development at the corner of Columbus Avenue and Clarendon Street along the border of the Back Bay and the South End.

  • $575,000 – one-bedroom, one-bathroom, 873 square feet ($659 per square foot) on the 4th floor
  • $775,500 – two-bedroom, two-bathroom, 1,121 square feet ($691 per square foot) on the 3rd floor
  • $1,060,500 – two-bedroom, two-bathroom, 1,339 square feet ($792 per square foot) on the 4th floor
  • $1,545,500 – two-bedroom, two-bathroom, 1,578 square feet ($979 per square foot) on the 8th (top) floor

Price per square foot at 285 Columbus Lofts is quite affordable on the lower floors (considering the anticipated quality of finishes and amenities, including concierge), but takes a significant jump when you get to the penthouse level – putting this in context, the recently finished D4 condos (a Philippe Starck design) are priced lower on a price per square foot basis.

Anticipated completion is currently scheduled for June 2008. A model unit is now open, to setup a showing, feel free to contact us.

285 Columbus Lofts Construction Photos

Filed Under: Back Bay Condos Tagged With: , , ,

Bryant on Columbus Completion Date

November 19, 2007 By

Multiple cranes are in the ground, and they are racing to pull what will be one of the premier properties along Columbus Avenue out of the three-level garage below. The Bryant on Columbus has communicated that they are officially moving their tentative completion date from April 2008 to August 2008.

More to come soon on what we think will be one of the best properties along the border of the South End and Back Bay.

The Bryant on Columbus

Filed Under: South End Condos Tagged With: , ,

Zero Marlborough Back Bay Condo Development

November 13, 2007 By

The Back Bay of Boston is no stranger to luxury real estate, from the time the tidal flats were filled in the late 1800’s, Back Bay quickly became one of the most elegant places to call home. And who would argue with that, especially with properties that are adjacent to the Public Garden, and only steps from Boston Common. One of the most peaceful and elegant streets in the city of Boston is Marlborough Street, and it is home to Zero Marlborough, a new 13-unit ultra-luxury condo development that is currently under construction.

The building renovation will be the work of architect Grassi Design Group, and the real estate developer that kicked this off is Sea-Dar Real Estate, both of which are out of Boston.

The nine remaining units are priced from $1,635,000 to $4,799,000 and offer 1,308 to 3,296 square feet (according to the Boston MLS). The penthouse sold some time ago (see Zero Marlborough Penthouse Sold), however, this full-service building still has plenty to offer the discerning buyer.

Want more information on Back Bay condos, use this Back Bay Condos Google Map.

Zero Marlborough Condos

Zero Marlborough Condos

Zero Marlborough Condos

Zero Marlborough Condos

Zero Marlborough Condos

Zero Marlborough Condos

Filed Under: Back Bay Condos Tagged With: ,
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