Real Estate Observer
Recent exclusive photos of the Clarendon Back Bay condo development construction site show significant progress in digging out the below grade components of the development. We are told pricing and floor plan information should be available in early 2008.
The public seems to be clamoring for information on the status of the Clarendon Back Bay condo development at the corner of Clarendon and Stuart Streets. As you are more than likely aware (and evidenced by the exclusive photos below), construction is moving along on the development.
It has been announced that there will be 107 condos for sale at the development. Prices, nor floor plans, have been finalized at this point. This information should all come together for the launch of the sales center, which is scheduled for January 2008.
The sales center staff is getting ramped up, finishing models and is working diligently to finalize a preconstruction sales process. As we move into the Holiday buying season, prepare yourself with looking into the benefits of a Buyer’s Agent.
More information on the Clarendon Back Bay to follow.
When the two penthouse units (1801 and 1802) at Trinity Place were combined into a single listing earlier this year, priced at $15 million, it was the highest priced condo to ever hit the Boston real estate market.
As we described in July (see Trinity Place Penthouse – $15 Million), the combined penthouse units boasted over 7,000 square feet of living space, 8 bedrooms, 8 bathrooms, 2 fireplaces, and 4 valet-parking spaces, along with a $10K per month HOA fee.
After more than 200 days on the market, the $15 million listing has been withdrawn. According to Maryann Taylor, the exclusive listing agent, parties were “interested” in the mega-penthouse unit, but, nothing came to fruition. The Seller has decided to move forward with separating the units, and has now placed unit 1801 on the market for $7 million.
In addition to the $7 million listing, there are two other condos available at Trinity place (see Trinity Place Listing Details). For more information, use the ‘Contact Us’ link at the top of the page.
You have more than likely seen the advertisements, walked by and/or stopped into Tower Records Virgin Megastore Best Buy on the ground floor of this loft-style condo development, you guessed it, 360 Newbury, at the intersection of Massachusetts Avenue and Newbury Street.
There is currently one unit remaining in this luxury development of 54 high-end condos with soaring ceilings, huge windows, high-end finishes, and a sophisticated loft feel. 360 Newbury, a Frank Gehry design, renovated in 2005, and the remaining unit, penthouse number 7, has been on the market for well over 200 days. It’s a 2,062 square foot, one-bedroom two-bathroom $1.795 million unit that does not come with parking, and has gone through a $200K price drop this year alone.
What’s keeping this unit from selling? The $870 price per square foot is somewhat typical of high-end concierge buildings in the Back Bay. The HOA fee of approximately $1,000 a month sounds relatively high, but 50 cents a square foot is a fair price given the amenities. The views, amenities, and craftsmanship are stellar in the unit. What’s missing? Parking – we hear repeatedly from buyers that they have no desire to drive around the neighborhood looking for a parking spot when they come home at night (especially if they are paying more than $1 million).
The Listing Brokerages, Otis & Ahearn, are currently offering the brokerage who represents the Buyer on the unit a $25K gift certificate to Best Buy. Boston Condo Guy would be committed to putting those funds towards the purchase or rental of a parking spot in the Back Bay area, please contact us more details about penthouse number 7, and the possibility of including parking in the purchase.
Three of the remaining seven units at the D4 Condo Development in Boston’s South End underwent price reductions this morning. Units include the grand penthouse, moving from $3.2 million down to $2.9 million, Unit 6 (the unit on the far left of the building with the huge windows) moving from $1,385,900 down to $1,299,900, and finally, Unit 1, the corner unit with a private entrance that overlooks both Warren Avenue and Berkeley Street, moving from $1,399,900 down to $1,299,900.
For more information on the D4 Condos located at 7 Warren Avenue in the South End, feel free to contact us.
Based on popular demand, we have exclusive D4 condo photos for your enjoyment. The D4 condos, which recently received their Certificate of Occupancy, are a Philippe Starck design – the lobby and Winter Garden courtyard area, the interrogation windows surrounding the courtyard, and front doors (all below) are some of the common area highlights of this landmark redevelopment in the South End.
Eight condos are for sale at D4 currently, priced from $669,900 to $3,200,000. D4 is a boutique 25-unit development at Warren Avenue and Berkeley Street in the South End, and features a concierge, garage parking, elevator, bamboo flooring, exquisite marble baths and counters. D4 stands with the Penny Savings Bank as premier landmark properties to call home in the South End, and the city.
The Providence on Newbury photo immediately below was taken in the May 2007 timeframe, when heavy construction was still ongoing at the Providence on Newbury condominium development located at 294 Newbury Street in Boston’s Back Bay.
Fast forward to the present, and you can see by the below exclusive photo that work has progressed nicely, along with newly planted grass, and the removal of the ugly construction fencing.
The Providence on Newbury is a 7-unit high-end condo rehab project in the heart of Back Bay’s trendy shopping and restaurant row. The grand penthouse was never available due to it being held by a family member of the development team, however, the remaining units have gone somewhat quickly, and a single two-bedroom two-bathroom 1,550 square foot unit remains. Priced at $1,430,000, the unit comes with parking, direct elevator access, subzero/wolf kitchens with an indoor grill, oak floors, marble baths, laundry in unit, central heating and air conditioning, an open floorplan, great condo association with strong initial reserve. and 9 windows on Newbury Street.
Previously sold units in the boutique development are commanding strong sales to list price ratios with Unit 3A, a one-bedroom listing for $565,000 and selling at $569,000, and Unit 2A, a two-bedroom two and a half-bathroom listing for $1,425,000 and selling at $1,400,000.
Condo fees for the remaining two-bedroom unit in this 1885 original construction building are $616. For more information, or to setup a showing, please contact us.
Below are several photos of the very tastefully done Unit 2B, note that the Providence on Newbury has indeed received their Certificate of Occupancy, so this one remaining unit is move-in ready.
As we recently reported the D4 Condos located at 7 Warren Avenue in the South End have received their Certificate of Occupancy, and they are celebrating by holding our Featured Open House of the week.
The D4 team have molded the old and the new, restoring one of the landmark properties of the South End. The former U-shaped police station was fitted with a glass and steel enclosure during redevelopment along Gray Street (picture immediately below), in order to create an enclosed Winter Garden and exquisite lobby area, which will have greenery climbing the walls.
Philippe Starck, and his Yoo Ltd. team, played a critical role in the design of the redevelopment efforts, from the one-way mirrored windows overlooking the courtyard (a play on the police station interrogation room theme) to the sleek and bold interiors.
Eight Seven condos remain for sale at the development ranging in size from 798 to 3,571 square feet, and in price from $669,000 to $3,200,000.
D4, aside from standing for the former District 4 Boston Police Station, means Design, Detail, Drama, and Destination as it relates to the new condo development. The exclusive photos below display the completed redevelopment of the former D4 Police Station on Warren Avenue (the condo development), and the new D4 Police Station on Harrison Avenue (the actual new police station).
The D4 Condo Open House, located at 7 Warren Avenue will take place Sunday, October 14, 2007 from Noon to 4:00 PM. Please let the Listing Agent know that Boston Condo Guy sent you. If you would like Buyer representation on the purchase of one of the 8 7 remaining units, please contact us.
It was scheduled for June 2007, but the D4 Police Station Condo Development has recently received its Certificate of Occupancy. As of 4:30pm today, both Titan and Ryder moving vans were out front, the newly appointed concierge was standing at attention, and the furniture at the base of the Winter Garden was in place.
An open house will take place from 12-4pm on both Saturday and Sunday this weekend. Stop by the units, and if you need Buyer representation for a purchase, don’t hesitate to contact Boston Condo Guy.
8 units are still active, 2 units are under agreement, and 7 units show sold (all based on MLS data). Residents will begin moving in immediately. A good selection of units still remain, contact us for more details.
We captured the below exclusive photos of the continued progress on the Boston Mandarin Oriental, the ultra high-end hotel-condo development slated for a July 1, 2008 opening. As we stated earlier last week, there is one unit that remains at the development, and it is priced at $5.25 million, and includes outdoor space, and a single garage parking space.
Keith Munsell
CPM & Master Lecturer
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Mark Strickland
Realtor & ABR
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Dean Charles
Real Estate Thought Leader
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Bobby Quinn
EcoBroker Certified
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Mark Martin
Broker & President 2mrealty
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