Modern 2, South End condo project, begins closings
Sep 2011 15

Closings have commenced in the brand-spanking new Modern 2 condominium project, located at the corners of Northampton and Tremont Streets, at Massachusetts Avenue.

Sixteen closings have been recorded at the Suffolk Country Registry of Deeds. There are 37 units in Phase 2 of the Modern project, adding to the 25 units that were built and completed just a couple years ago.

Sold units in Phase 2 were priced between $417,000 and $769,000. A fourth floor, two-bedroom, one and ½-half bathroom home with ~1,254-square feet of space sold for $564,000.

MLS is showing an additional eight units under agreement at this time, meaning there are just 13 of the 37 left for sale. The sales team reported last week that they are over 70% sold.

If you’re interested in seeing any of the units at The Modern or learning more about this great new South End condominium development, please let me know.

Photo above of a model unit at The Modern Phase 2

DNA Lofts to be auctioned off October 6, new Dorchester condos
Sep 2011 08

Twenty five condos in the DNA Lofts will be auctioned off on October 6, 2011. Minimum bids begin at $115,000 with many minimums at $165-$180 per square foot. An outside parking space is included in each of the purchase prices.

The minimum prices are significantly lower than what homes sold for on the open market. A closing of a ~1,353 square foot loft was recorded in May of this year for $365,000, or $269 per square foot.

The DNA Lofts was a project that was built in the right place at the wrong time. Completed in 2008, it missed the housing boom and sales were slow. The interiors of the condos are nice and attractive and the location is prime for those looking for city living.

The DNA Lofts is a 59-unit condominium projected located at 944 Dorchester Ave, near Columbia Road, with easy access to South Boston and downtown Boston, the Southeast Expressway / Rte 93, and the MBTA Red Line at JFK/UMASS.

Many of the units are lofts of impressive modern space with some of the original character of the original industrial structure, with polished concrete floors, high ceilings, top of the line kitchen with stone counter tops and stainless steel appliances, and 16 foot ceilings.

The auction will be held at The Colonnade Hotel, 120 Huntington Avenue, in Boston, with registration beginning at 6pm.

The DNA Lofts Auction site has details on minimum prices and sizes.

Please let me know if you have any questions about the DNA Lofts or about how auctions work.

691 Massachusetts Ave South End condos begin closings
Aug 2011 19

The brand-new 691 Massachusetts Ave condo project is complete and closings have begun.

The 40-unit, low-rise development filled in a long-empty lot located on one of the South End’s most historic boulevards.

Condos are priced from the low-to-mid $300,000′s and up. A one-bedroom, one-bathroom, ~608-square foot condo on the 4th floor sold for $343,000. A fifth floor, ~637-square foot home sold for $409,000, and included one parking space.

Thirteen units remain listed for sale in our local MLS with prices from $330,000 to $450,000 with some penthouse units in the low-$500,000′s.

Please contact me for private showings.

691 Residences bringing 40 new condos to Mass Ave in South End
Jul 2011 18

Work is finishing up on a brand-new condominium project located in Boston’s South End neighborhood.

Known by its address, the 691 Residences are located at 691 Massachusetts Avenue. The developer is Urbanica Design & Development.

Built new from the ground up, the 40-unit building rose from what was a long-time empty lot during the past year. The building is complete and the project is scheduling closings for later this summer.

There are three types of homes available; what they’re calling “SoHo” style (lofts), one-bedroom, and two-bedroom units. Interiors are one of two designs: “urban” or “nature”, depending on the scheme you choose.

Many units have private balconies and “oversized” windows. Residents will be able to enjoy a “lobby lounge” and common roof deck.

Prices start in the low-$300,000′s and most are in the under $400,000 range with several larger and penthouse units at higher prices.

From the 691 Residences website:

UBANICA DESIGN + DEVELOPMENT envisions six9one residences as an elegantly modern urban infill designed to complement the historical urban fabric. This building has the unique opportunity to elevate the eclectic South End neighborhood of Boston.

six9one residences is built with the highest construction standards and offers a multitude of green and sustainable features:

CONTEMPORARY URBAN INFILL WITH SENSITIVE CONTEXTUAL DESIGN
STATE OF THE ART AND EFFICIENT HEATING AND COOLING SYSTEM
LOW MAINTENANCE TERRACOTTA AND COMPOSITE ALUMINUM RAINSCREEN FACADE
GREENSCREENS BALCONY HANDRAILS FOR URBAN GARDENING
HIGH PERFOMANCE INSULATION AND DOUBLE GLAZED WINDOWS
INDOOR AND OUTDOOR PARKING
INDOOR BICYCLE STORAGE
HIGHEST STRUCTURAL STANDARDS

Please contact me for complete details on this new project as well as to set up private showings to view any of the remaining units listed for sale.

Image from the 691 Residences website / MLSPIN listing

Seaport District apartments and condominiums available for sale
Jul 2011 06

The Seaport District is one of the hottest neighborhoods in Boston. Alternatively known as the South Boston Waterfront / Innovation District, and, by its neighbor’s name of Fort Point Channel, it borders the city’s Financial District and the South Boston neighborhood.

Liberty Wharf was recently completed. There are five new restaurants in this one building, alone, including a Jerry Remy’s Sports Bar and Grill and a Legal Seafoods. There are at least a dozen other restaurants and bars within that immediate area.

The Seaport is also home to the Boston Convention and Exhibition Center and three hotels, the Seaport, Renaissance, and Westin hotels.

Residential housing is in limited supply, however. The Park Lane Seaport apartments are a series of mid-rise buildings located across the street from Liberty Wharf. There are a couple hundred units in this building, with prices from the $2,000′s for a studio up to $4,000 and more for two-bedrooms. There is parking on-site and access to the Ted Williams Tunnel, Route 93 and Route 1, and the Silver Line bus line to South Station and to MBTA subway lines.

There is just one condo project in the Seaport District, located off D Street near the Convention Center. You’re best hope is to find something in the Fort Point Channel area, a short walk from the Seaport District. There are condos in historic, brick and beam loft style buildings on Melcher and Summer streets, and newly constructed condos in the Channel Center building, on A Street between the Channel and South Boston.

Several large development projects are on tap for the neighborhood, which will bring a vibrancy to the area 24 hours a day. When these will break ground and how big they will end up being are unknowns, right now.

A (partial) list of proposed developments

Waterside Place: Originally a 1.157 million square foot, 10.3 acre project, the developer is now proposing to build in phases. Phase I is made up of 372,000 square feet with 235 apartments, retail space and an “innovation center”.

Seaport Square: Originally a $3 billion project covering 23 acres of land with 19 new office buildings, hotels and apartments, the first phase of this (3 buildings including two 20-story residential towers) is currently being designed.

Pier 4: There’s been no news in several years on this one million square foot project, consisting of hotel, residential, office, retail and civic uses on approximately 9.5 acres (including about 4 acres of water).

If you’re interested in learning more about the Seaport District and learning about housing options in the neighborhood, please let me know.

Meanwhile, here’s a column I wrote this week for Patch.com about the challenges facing the Seaport District.

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