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
More about the Crossroads Initiative