Financial District's Folio And Broadluxe Kick Off City's Crossroads Initiative Boston Condos For Sale Ford Realty

Broad Street, in the Financial District, is one Boston’s most historic streets, and is now seeing a rebirth, under the city’s “Crossroads Initiative”, as discussed in this story in today’s Globe:

Residential housing going up in the area include:

The Folio: a new 14-story glass, metal, and brick condo high-rise that wraps around a building designed by Charles Bulfinch.

“The real issue here was always how will this area transform,” said Folio developer John Gollinger, bounding through an elegantly designed model unit … Many of the buyers, he said, are empty nesters interested in walking to work and having amenities such as room service and a concierge, and those looking for the next frontier in Boston real estate. Gollinger said 70 percent of the 96 units have been sold.

Across the street is the Broadluxe, a 44-unit condo project.

With pricing that starts in the mid-$300,000 range (for a tiny studio), to the loft-like layouts with exposed brick and beams, Broadluxe seems geared toward those looking for something less formal than Folio.

Broadluxe is being carved out of a 19th-century building that once was a shipping warehouse. The structure, which retains its tall ceilings, is getting a modern-looking addition on top, where the most expensive condos, reaching $2 million, are expected to be completed next spring. Twelve of the condos are already sold. Condos on the lower floors could be completed as early as January.

“It’s a unique building because it has windows all around it,” Maloney said. “We’re not cookie-cutter. The space is open and people can create their own feel.”

Source: Old Street, New Life – By Tina Cassidy, The Boston Globe

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