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Boston Real Estate Blog

John Ford Realty
137 Charles Street, Boston
[email protected]
617-595-3712
617-720-5454
151 Tremont Street
617-482-0010

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TBT: 285 Columbus closings begin

Recent Condos For Sale at 285 Columbus

From a 2008 article about 285 Columbus we wrote:

According to the Suffolk Deeds website, closings have begun at the new 285 Columbus lofts project, at the corner of Columbus Ave and Clarendon Street, where the South End meets the Back Bay.

According to the sales team, the project is 70% under agreement.

The first closings included condos sold for $955,000 (unit #606) and $855,000 (unit #802). Both appear to be two bed, two bath units, around 1200 – 1300 square feet.

I must say, I am surprised (and impressed) that this project was completed on-time (actually, ahead of schedule?). Just a year ago, there was barely anything going on.

To come: a big new restaurant on the first floor.

And, down the street, work continues on The Bryant, which looks better and better, each day. Three or four bedroom units, $1.5 million and up … I think there’s a lot of pent-up demand for homes this spacious.

There’s a broker’s open house at 285 Columbus this Thursday, 12 – 1:30, btw.

 

 

Boston condos $950k

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Fenway neighborhood sees new developments

Link: Boston.com Boston Condos – In Fenway, a housing, retail project

$100m building would rise in neighborhood targeted for revitalization by the Sox

By Chris Reidy, Globe Staff | April 6, 2005

A rendering of Samuels & Associates’ proposed development shows how it would look from Boylston Street in the Fenway. The complex would be 14 stories at its highest point.

1330 Boylston St.Proposing a $100 million mixed-use development that would range from eight to 14 floors.

Boston developer Samuels & Associates detailed plans yesterday to build a $100 million mixed-use building near Fenway Park that would include 210 condos and rental apartments, only a few weeks after the Boston Red Sox outlined their vision to revitalize the neighborhood near the ballpark.

The building at 1304-1330 Boylston St. would be 14 stories at its highest point. It would be constructed at the corner of Jersey Street; the 1.1-acre site is currently occupied by a parking lot, a Domino’s Pizza, and the Baseball Tavern, said Steve Samuels, the firm’s president.

”We believe upper Boylston Street has great potential, and we are confident this project will serve as one more major element in its revitalization,” said Samuels, who submitted his proposal to the Boston Redevelopment Authority last week.

Best city in the state gets even better

Great things happening in Boston. Even with the national economy in a downward spiral and people losing billions (billions) in home value, things are going great, here in good ol’ MA.

From yesterday’s Herald:

Despite the downturn in the economy, work is moving ahead in Boston on a pair of posh condo towers and an upscale rental high-rise near North Station. There is also one major office complex under way on the waterfront at the long-awaited Fan Pier project, while Boston Properties is building a new office tower nearby at Russia Wharf.

And that is just the tip of the development iceberg in Boston. There are a total of 60 projects worth $4 billion under construction across the city, with another 250 developments worth another $14 billion under review at City Hall, according to the Boston Redevelopment Authority.

Building booms in Boston; 60 projects, worth $4 billion, going up – By Scott Van Voorhis, The Boston Herald

The Moorings – Hingham Shipyard homes

Construction “Launch” at The Moorings Has Begun!

In case you’ve missed it, construction has begun at the site of The Moorings condominium homes in the Hingham Shipyard! Currently in progress, the work on the roads and utilities will be wrapping up this Summer with site work to be completed this Fall.

Construction for the North Building will be commencing this Summer, and the Central and South Buildings will soon follow to coincide with the flourish of construction activity Samuels & Associates has ongoing at the Shipyard. The Launch—the name given to the revitalized Hingham Shipyard as it is transformed from an historic World War II naval shipbuilding site into a vibrant 240,000 square foot waterfront community—will feature luxury residences in a serene setting with the urban conveniences of shopping, dining, and retail destinations just steps away.

Now available for purchase, the condominium homes of The Mooring’s North Building are expected to be completed and ready for occupancy in Summer 2009. These 1BR, 2BR, and 2BR + Den single-level floor plans with ocean views and private outdoor balconies, are now being offered at pre-construction pricing starting in the $400,000s to $1.2 million +. All homes include private garage parking exclusive to the residences.

Leslie Cohen, Vice President of Development at Samuels & Associates, recently depicted the vision for the new waterfront community in Banker & Tradesman saying, “The Launch will have a downtown feel to it with wide sidewalks, tree-lined streets and active storefronts…The Launch will be a lot more than a shopping destination…It will be a place for people to come and meet all their needs. You can live, work and play here, as well as easily commute to Boston” (Banker & Tradesman May 12, 2008).

The Moorings Sales and Marketing Center located at 53 South Street in Hingham Center is now open! To schedule your exclusive preview appointment and to learn more about the exciting, unique pre-construction opportunities The Moorings offers, give us a call at 888-880-9052 or visit the Sales Gallery.

Mandarin Oriental Residences hit the resale market

Since the beginning of the year, six listings at the Mandarin Oriental have hit the local Multiple Listing Service. These are all resales, listed by owners prior to completion of the building.

One came on and was then withdrawn; the other five remain listed “for sale”.

ACT: 776 Boylston Street, 2600 square feet+/-, 3 bedrooms, 2 1/2 baths, 2 parking spaces, $4,295,000
WDN: 776 Boylston Street, 3200 square feet+/-, 2 bedrooms, 2 1/2 baths, 2 parking spaces, outdoor terrace, $6,900,000 (mispriced?)
ACT: 776 Boylston Street, 2500 square feet+/-, 2 bedrooms, 2 1/2 baths, 1 parking space, $4,250,000
ACT: 776 Boylston Street, 1400 square feet+/-, 1+ bedrooms, 2 baths, 1 parking space, $2,200,000
ACT: 776 Boylston Street, 3100 square feet+/-, 2 bedrooms, 2 1/2 baths, 2 parking spaces, $5,500,000

And, the latest, coming on the market today:

Penthouse unit, 5,000 square feet+/-, 3 bedrooms, 4 1/2 baths, three-sided balcony, private rooftop deck, two parking sapces, $12,500,000

mandarin oriental boston

Battery Wharf hotel partner backs out

In case you missed it in today’s Globe:

One of the world’s premier hotel operators, Regent Hotels & Resorts, is abruptly out of the $300 million luxury Battery Wharf development on Boston’s waterfront just before the hotel’s scheduled opening this summer.
more stories like this

Regent’s departure not only leaves Battery Wharf without a signature operator for its 150-room hotel, but the developers have also lost their provider of top-shelf concierge services to the buyers of the multi-million-dollar condominium units in the building. Without Regent, Battery Wharf may have trouble selling its remaining units, priced from $1 million to $4 million.

Oy. Not a good development, at all.

Hotel – condo developments are all the rage, these days. The InterContinental did it, the Mandarin Oriental is doing it … Battery Wharf will being doing it. Too bad Howard Johnson’s isn’t still in business, it would make the perfect partner!

(These hotel – condo partnerships are not the same thing as a “condo-hotel” or “condotel”, that you hear about. In those situations, an owner has a deed to a property that he/she can rent out, using the services of a hotel management company, and often-times, the owner is only allowed to stay in his/her property for a set number of days per year.)

Hotel operator leaves luxury waterfront project – By Kimberly Blanton, The Boston Globe

Breaking: Carruth “offers” rental option

From the Boston Business Journal:

Trinity Financial announced Tuesday that it would make condominium units at The Carruth available for rent.

The developer will offer 38 units for rent at the Dorchester, Mass.-based mixed-use complex. The units will be made available for rent starting June 15.

Which means, all units will be rented. Who would be insane enough to buy a unit in a building where everyone else rented? More importantly, where would such an insane person get a loan?

Thanks for the tip, observant visitor to my site!

Complete story: Carruth units will be available for renters – Boston Business Journal

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