boston-w

I just read in the Boston Courant that the city of Boston provided a $10,000,000 loan to the posh W Hotel and luxury condo high-rise complex and could put Hub taxpayers at higher risk of losing millions than other lenders if the project flops.

The loan by the Department of Neighborhood Development (DND) puts the city in the position of a subordinate lender, second or even third in line should the $234 million project fail, Evelyn Friedman, the department’s director, acknowledge in an interview.

Your thoughts? Will the W luxury condos be a selling success?
Or…
Will it follow the same fate as the W in Scottsdale AZ.
W Scottsdale Luxury Condos

Source: Boston Courant (Sorry the Boston Courant has no web link)

In the market to purchase a Boston luxury condo at the W click here.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

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Back Bay

Beacon Hill

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Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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