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Mandarin rentals come online

I didn’t know anything about this.

The Mandarin Oriental (or, Mandarian Oriental, according to some real estate companies) will include 25 rental units, in addition to the 50 condominium homes and 274 hotel rooms.

What do you get for the money?

According to the Globe:

Mandarin’s apartments are located on the fourth through eighth floors of the 14-story building, below the condos. Rents will start at $6,000 a month for a one-bedroom unit and go as high as $12,500 for two bedrooms …

… Each apartment has a foyer – to make the residences more homey – and a separate dining room. Master bedrooms all have a walk-in closet and gleaming, white-marble countertops surround two sinks; the second bedroom has a private bathroom, too. The unit’s floor-to-ceiling windows are sound-proofed, effectively shutting out the street noises below.

The 50 condo units were all pre-sold, but several have come on the resale market; there are two two-bedroom units available, each around 2,500 square feet.

As the Globe mentions, one of the new owners will be Herb Chambers. Meanwhile, his Commonwealth Ave home remains on the market, at the very appealing price of $11,950,000.

Source: New benchmark for luxury living – By Kimberly Blanton, The Boston Globe

2 Responses to Mandarin rentals come online

  • This is VERY interesting…especially since I also am a higher end rental agent. For the record, Geoff Gibbons is the man. Even in a slow market he pulls in close to $100K a year just doing rentals! I’ve been trying to get Mandarin listings for awhile. I’m glad they are renting some out through their property management company.

  • Wow, $12,500 a month to rent a 2500 sq ft condo? I’d love to see pictures of that place if you have them.