Two new condo projects were recently announced for the downtown, financial district area of Boston. The "South Street Condominiums" are not to be confused with the renovation project going on at 210 South Street.
This is kind of interesting. The location, to me, is prime, although I think others would prefer to be near more restaurants and shopping, and within established neighborhoods like Back Bay and the South End. I do love high-rise living.
By Susan Diesenhouse, Boston Globe
In yet another clear indicator that the Boston office market continues to be weak, two developers recently won city approval to build luxury downtown condominiums on sites where they had once planned office projects.
In April, the Boston Redevelopment Authority agreed to a request by New York-based Rose Associates Inc. to change a project on a site near South Station that is now used as a parking lot from an approximately 214,200-square-foot office tower called Two Financial Center to a 162-unit high-end residential project called South Street Condominiums, said Meredith Baumann, a spokeswoman for the authority.
According to published reports, the total development cost will be approximately $110 million. Rose Associates, which built the offices at One Financial Center nearby, declined to comment.
In April, the authority also approved a request by the locally based Abbey Group to build a 31-story, 150-unit luxury condominium complex at 45 Province St. downtown.
Last month, the Zoning Board of Appeals approved increasing the project’s height to 31 stories from 19, Baumann said. Construction on the approximately $70 million residential building may start this year and be completed in about two years, she added.
Complete article: Make way for condos
Originally posted 2005-06-15 20:34:00.