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The Clarendon luxury condos: 75% sold out

I just received this email from the marketing team at the Clarendon:

THE CLARENDON IN BACK BAY ACHIEVES 75% SOLD MILESTONE
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Boston’s Most Successful New Condominium Achieves Record-Breaking Prices and Introduces The Penthouse Collection at The Clarendon
***
BOSTON – (September 27, 2011) – Related Companies and The Beal Companies today announced that The Clarendon’s coveted residences designed by Robert A.M. Stern Architects are 75% sold, signaling another significant marker of success for the property. Record-breaking prices have been achieved, with an average price per square foot of more than $1,175 and individual per square foot prices as high as $1,627.

The thirty-three story classically elegant luxury condominium features 102 graciously appointed residences and Related’s renowned Five Star Living® in the heart of Boston’s Back Bay. The Clarendon’s graceful, sophisticated design and unprecedented amenities have been lauded by the marketplace and the brokerage community alike.

The condominium residences starting on the 15th floor offer captivating panoramic views of the Charles River, Boston Harbor and the downtown skyline. A select number of one- to four-bedroom residences are still available, priced from $780,000 to over $4 million.

The Penthouse Collection at The Clarendon offers three full-floor 3,500-square-foot residences beginning on the 31st floor, with floor-to-ceiling windows revealing panoramic 360 degree views. Expansive living spaces include a great room with wrap-around floor-to-ceiling windows, three bedrooms and three full en suite baths plus a powder room, with fireplaces in the great room and master suite. The master suite includes walk-in closets and an oversized windowed master bath complete with a soaking tub, separate shower and double vanities. Penthouse prices start at $6,750,000.

“We are thrilled to have reached this point in our sales program,” said Barbara Cusack, Director of Sales. “The Clarendon continues to lead in the marketplace due to its unprecedented combination of world-class architecture and design, breathtaking views and unrivaled amenities.”

Adhering to Related’s nationwide commitment to green development, The Clarendon has received LEED Silver Certification, the benchmark for high-performance sustainable design from the US Green Building Council.

The grand-scale lobby is elegantly appointed with intricate sycamore wood paneling, marble flooring, and an exclusive art collection by American artist Sol LeWitt. The adjacent Assouline Culture Lounge offers a private residents library stylishly designed by France’s most prominent publisher of art, culture and fashion books. Additional amenities include a private fitness center featuring Fitness Lifestyle by EquinoxSM, a landscaped outdoor terrace designed by Copley Wolff Design Group, the exclusive Clarendon Clubroom with outdoor space, a nautical-themed children’s playroom and a business center. Residents also enjoy RelatedStyle Services™, including the Related personal assistant, who can execute a wide variety of requests ranging from restaurant reservations to securing the most coveted theatre tickets. Sitting atop renowned restaurant Post 390, The Clarendon affords residents exclusive dining and in-home event benefits from the celebrated restaurant.
The Clarendon is the first collaboration between Related Companies, the nation’s most prominent privately-owned real estate firm, and The Beal Companies, a century-old, Boston-based real estate firm with expertise in all realms of the industry. The Clarendon benefits from the expertise of both firms, as well as the family collaboration of Bruce Beal, Chairman of The Beal Companies and Bruce Beal, Jr., Executive Vice President of Related Companies.

The Clarendon Sales and Design Gallery is located in the building at 400 Stuart Street on the 25th Floor. For a private preview and tour of the model residences, please contact Related Sales at 617-267-4001 or visit www.theclarendonbackbay.com.

About Related Companies
Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 39 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, Las Vegas, San Francisco and South Florida and boasts a team of approximately 2,000 professionals. The company’s existing portfolio of real estate assets, valued at over $15 billion, is made up of best-in-class mixed-use, residential, retail, office, trade show and affordable properties in premier high-barrier-to-entry markets. Related is staunchly committed to sustainable design with over $6 billion in green development underway or completed. In 2006 Related acquired Equinox® Fitness Clubs, further expanding the company’s capabilities into the health and fitness arena and enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering. For more information about Related Companies please visit www.related.com.

About the Beal Companies
The Beal Companies is a full service real estate firm actively pursuing investment opportunities in all segments of the real estate industry. Since 1888, the Beal family has built an enviable reputation with projects and advisory services not only in Boston, but also throughout the United States. The company boasts a proud keen eye for value, as well as the ability to move quickly in creating that value. Through extensive experience in problem-solving skills, The Beal Companies have established a very strong financial position, while remaining committed to a deep community involvement. Activities include the Acquisition and Development of Commercial, Historic and Residential Properties, Asset Management for The Beal Companies, LLP and others, Brokerage and Consulting, Appraisal and Tax Assessment, as well as Financing and Construction Management Services. Along with The Clarendon, Beal has developed a number of residential properties including the luxury building at 128 Beacon Street and the triple width brownstone at 51 Commonwealth Avenue, both in Boston.

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    Boston Back Bay Condos

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    Boston Back Bay Condos 3rd Q 2011





    Back Bay Condo Sales 3rd Quarter 2011 - 150. Number of Back Bay condo sales in the 3rd Q of 2010 - 126

    Back Bay average condo sales price in the 3rd Q of 2011 - $974,258.00. Back Bay average condo sales price in the 3rd Q of 2010 - $944,320.00

    Back Bay condo 3rd Q 2011 sales price per square foot $736.88 Back Bay condo 3rd Q 2010 sales price per square foot $731.88

    Boston Back Bay condos days on market 3rd Q 2011 - 125 Boston Back Bay condos days on market 3rd Q 2010 - 106 Back Bay condo sales stats Jan - Sept 2011:

    Number of Back Bay Condo sales Jan through Sept - 334

    Avg Back Bay condo sales price - $1, 173,927.00

    Med Back Bay condo sales price - $795,000.00

    Avg price per square foot - $780.00

    Days on market for Back Bay Condo - 131

    Back Bay Condos - Sales Stats 2011



    Back Bay Condo Sales form April 1, 2011 - May 1, 2011 - 27

    Avg. Back Bay condo sales price - $1,324,226.00

    Med. Back Bay condo sales price - $1,210,000.00

    Back Bay condo sales price per square foot - $787.00

    Avg. days on the market for Back Bay condo - 184

    Boston Back Bay condos sold from Jan 1, 2011 - April 28, 2011 - 105.

    Average sales price for a Back Bay condominium in 2011 - $1,317,969.00

    Median sales price for a Back Bay condominium in 2011 - $865,000.00

    Average price per sqaure foot for a Back Bay condo in 2011 - $805.00

    Average days on the market in 2011 for a Back Bay condo - 153

    Back Bay condos/real estate sales for the 1st Quarter of 2011:

    Average Back Bay condo sales price - $1,290,181.00

    Median Back Bay condo sales price - $828,895.00

    Average Back Bay condo sales priec per square foot - $804.00



    Back Bay Condos Sold Jan 1, 2011 - April 16, 2011

    Back Bay condos sales - 97

    Average Back Bay condo price: $1,407,795.00

    Median Back Bay condo sales price: $852,500.00

    Average price per square foot for a Back Bay Condo $863.00

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    Back Bay Condos Sold 2011

    Back Bay condos sold: 50

    Average Back Bay condo sales price:$1,367,003.00

    Median Back Bay condo sales price: $953,750.00

    Average Price per $/SF: $806

    Average days on the market for a Back Bay condo: 124

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    Beacon Hill Condos Sales Stats 2011





    Beacon Hill condos sold form Jan 1, 2011 - April 28, 2011 - 37

    Average Beacon Hill condo sales price - $799,809.00

    Median Beacon Hill condos sales price - $560,000.00

    Average price per square foot for a sold Beacon Hill condo - $704.00

    Average days on the market for a Beacon Hill condo to sell - 165

    Beacon Hill condo sales 2011 Jan - Mar

    Beacon Hill condos sold

    Avg Beacon Hill condo price $823,500.00

    Med. Beacon Hill condo price $524,500.00

    Avg. price per sq ft. Beacon Hill condo $632.00

    Avg. days on market Beacon Hill condo 222

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    Boston Condos Brighton Sales Stats 2011





    Boston Brighton Condo sales - 25

    Brighton condo avg. sales price $259,510

    Brighton condo med. sales price $262,000

    Brighton condo price per sq ft $283.00

    Brighton condo days-on-market 90

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    Boston Condos Charlestown - Sales Stats





    Charlestown condo sales - 25

    Charlestown average condo - $545,019

    Charlestown median condo - $470,000

    Average price per sq ft Charlestown condo $458.00

    Average days-on-market 123

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    Fenway Condos Sales Stats 2011







    Fenway Condo Sales 2011

    Fenway condo sales 7

    Average Fenway condo price $292,500

    Median Fenway condo price $282,500

    Fenway price per sq ft $435.00

    Fenway days-on-market 237

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