Included in the Otis & Ahearn semi-annual Boston condo market report is a chart of new developments currently “in the pipeline”, or, under construction, throughout the city.

Although the data may be incomplete, or, as they say, subject to errors & omissions, I have enough faith in their numbers to form some conclusions.

* The Channel Center is nearing the end of its sales cycle, with 110 of 120 units sold or under agreement. I know that there are several penthouses left, but not much else. I think it’s been an exhausting four years for the sales office and they must be ready to move onto other projects.

* One First, scheduled to begin closings in September or October, has about 60% of its units under agreement. I’d say they should be a little better further along.

* Gateway Terrace has been a success, sales-wise.

* Lafeyette Lofts has been a success, sales-wise.

* One Charles has been a success, sales-wise.

* The Mandarin Oriental has been an overwhelming success. Damn. Sold 49 out of 50 units, without using a buyer’s broker for any sale, and it won’t be done for eighteen months!

* NorthPoint seems to be progressing well, although they need a strong fourth quarter, 2006, to keep pre-sales on track, for its opening in 2007.

* Folio Boston is open, yet they have a large number of units still for sale.

* The Penmark needs more pre-sales to keep on track.

* The InterContintal seems to be doing fairly well.

* The Macallen Building looks to have had slow pre-sales over the past year.

Contact me to find or set up an appointment to start your Boston condo buying process.

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Updated: January 2018

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