Strong sales brings (some) higher prices to W
Dec 2010 24

In what must be seen as continued faith in an uncertain market, the W Boston Residences’ sales team has increased prices on a couple of its listings.

According to the Multiple Listing Service Property Information Network, Inc. (MLSPIN), two condos have had price adjustments this week.

Unit #23F was repriced from $825,000 to $865,000. This is an ~857 square foot, one-bedroom, one and ½-bathroom home. Meanwhile, Unit #24J had a a price increase from $905,000 to $965,000. This is also a one-bedroom, one and ½-bathroom home with approximately 1,103-square feet of space.

The mixed-use development is approximately 23% sold at this point, with closings recorded on 28 out of the 122 units in the building. Most recently, two units were sold in late December with the presumed intention to combine them into one unit. The purchase price was $1,850,000.

Otis & Ahearn is the marketing and sales broker. Please contact us for buyer’s agent representation.

Jan 2010 08

Several revisions have been made to the original plans for Boston’s Fort Point Seaport Square located adjacent to Boston’s waterfront neighborhood.  The new revisions reduce the originally planned size of the square and modified usage of several buildings.

The revisions do not alter the overall amount of development – about 6.5 million square feet – but the developers have increased the number of buildings to 23, from 19, and changed their locations and size to fit with surrounding structures. The changes were contained in a public filing released by the city yesterday.

The project calls for the construction of residences, stores, and offices on 23 acres currently occupied by parking lots on an L-shaped chunk of property between the federal courthouse and Boston Convention & Exhibition Center. The development team includes commercial builder Gale International, Morgan Stanley, and retail developer W/S Associates.

In a statement, the developers said the alterations were necessary because of projects at Fan Pier and in the Fort Point neighborhood. “Relatively minor changes were made because Seaport Square will now work even better in the context of the emerging waterfront and with our abutters,’’ the statement said.

Among the revisions:

-  Several buildings were shortened to match existing industrial warehouses near the intersection of Seaport Boulevard and Boston Wharf Road, where the development abuts the Fort Point Channel area.

-  Two buildings near Fan Pier along Northern Avenue were switched from office use to residential/retail, a move meant to better match them with adjacent development.

-  An entertainment complex was moved to Northern Avenue from parcels along Seaport Boulevard to lure more foot traffic to that side of the development; the previous location of the entertainment complex will be used for offices and retail stores.

-  A public park has been incorporated into property across from the courthouse.

(Source)

Dec 2009 31

Congratulations to the sales team at FP3!

With an impressive total of 22 sales and an additional 6 homes under agreement you are The Boston Condo Blog’s 2009 Sales Team of the Year. Great work!  Keep it up in 2010.

For information on this successful development and availabilities please click here.

Dec 2009 31

Here’s a look at some Boston condo sales stats for 2009. Hopefully, 2010 brings some bigger and better number of Boston’s luxury condo developments:

Luxury condo buildings current stats (numbers have been rounded):
The Boston W Residences (2009)- 6 units sold and 12 currently under agreement of 124 total = 5% sold with an additional 10% UAG

The Clarendon (2009)- 6 units sold and 2 currently under agreement of 103 total = 6% sold with an additional 2% UAG

Zero Marlborough (2008) – 9 units sold and 1 currently under agreement of 12 total = 75% sold with an additional 8% UAG

The Bryant Back Bay (2009) – 24 units sold and 1 currently under agreement of 50 total = 48% sold with an additional 2% UAG

96 Beacon (2009) – 3 units sold and 0 currently under agreement of 4 total = 75% sold

100 Beacon (2009) – 4 units sold and 0 currently under agreement of 15 total = 27% sold

*45 Province (2009) – 28 units sold / currently under agreement of 138 total = 20% (We are still awaiting confirmation on sales/UAG numbers of 45 Province but current records have it at 20% sold)

FP3 (2009) – 22 units sold and 6 currently under agreement of 92 total = 24% sold with an additional 7% UAG

Dec 2009 28

Feel like ‘Puttin’ on the Ritz’?  For many renting a home here at the Boston Ritz Carlton may seem like a fairytale.  However, I stumbled across this listing that can actually make that dream a reality for many who thought their budget was a bit short.  This really is a great price especially considering all the amenities, location and of course the bragging rights that tend to come with the building.  A 2 bed 2 bath newly renovated home with private outdoor space for $3995…not too shabby.

Here are the direct from MLS details. “BEST VALUE AT THE RITZ and one of the most desirable units! This stunning renovation of a 2 bedroom, 2 bathroom condo at the Ritz Carlton provides you Midtown conveniences. New Tigerwood flooring has been installed throughout this luxury apartment along with a full new second bathroom. The apartment is a corner layout with tons of natural sunlight. Spacious living and dining area. Large master bedroom features a private balcony while the second bedroom is perfect for an office.”

Interested? Call me now at 508.930.6232 or email jheller@warrenre.com


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