- November 26, 2013
- Maric Hires BRA Team to market A street property, featured in the Real Reporter
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- October 30, 2013
- Best Doctors is leasing 48,000 square feet at Presidents Place, featured in the Boston Globe
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- October 18, 2013
- Bonny Doorakiian joins Boston Realty Advisors, featured in the New England Real Estate Journal
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- October 16, 2013
- Investors seen digging dinosaur site, featured in the Real Reporter
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- October 13, 2013
- Sign of the Times: Return of the Condo, featured in the Boston Courant
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New Apartment Developments
new luxury apartments boston
The Kensington: Ideally located the heart of the acclaimed Theatre District, Boston's own version of Broadway. Enjoy the shows and culture of the area and still be in walking distance to shopping and dining in Back Bay. Your new luxury Boston apartment features oversized windows, oak floors, European-style full overlay flat-panel cabinets, high end fixtures, high ceilings, and walk-in closets. The Kensington features a unique sky deck with pool and sauna, as well as a club room. work out in the fitness center, or center yourself in the yoga room. Everything you could wish for (even a pet spa for your puppy!) is available without having to venture out into Boston's chilly winter air.
The Kensington is LEED Gold certified and has been designed for minimal negative ecological impact. Feel good about your contribution to a clean planet. The best thing is there making the decision a no brainer by offering 1.5 months free by coming in with a broker. To tempt you even more they are willing to pay half of the broker fee. To set up your tour contact Skip Billingham at 617.850.9616.
Looking for a luxury apartment building in a country setting, which also offers easy access to Cambridge and Boston? Look no further than the Vox on Two, a brand new luxury building located on Route 2 near Fresh Pond in Cambridge, MA.
All the features and finishes you’d expect from a high-end luxury building in Downtown Boston, but situated in a tranquil, country setting. Country doesn’t have to mean isolated – Alewife Station is within walking distance, which provides access to Downtown Boston via the speedy Red Line.
These luxury Cambridge apartments are ideal for those who work North and West of the city, but still want to explore all that Cambridge and Boston have to offer.
Route 2 provides easy access to:
- Harvard Square
- Kendall Square
- Interstate 95
- Route 3 to Arlington, Winchester, Woburn, Burlington, Billerica
Vox is also pet friendly – including dogs. Many people relocating to Boston and Cambridge have trouble finding luxury apartments that allow dogs – this is the not the case at Vox. Your beloved Collie will be right at home! Even better, Vox is located next to conservation land – an ideal setting for exploring nature with your best friend.
The Envoy Hotel (picture credit - BBJ)
Sleep Soundly on Sleeper Street - The Envoy Hotel, a 6-story, 100,000 SF boutique hotel at 66 Sleeper Street is slated to break ground this month. (BBJ)
Fabulous Fort Point Apartments - 315 on A, Fort Point's first apartment tower -- and LEED Gold certified at that, will open in November. (B&T)
$190 Million Project in Bergeoning Bulfinch Triangle - Trinity Financial and Aimco One Canal Street have partnered with MassDot to bring us One Canal Street, a 12-story development with 310 residential units as well as ground-floor retail space. (Boston.com)
PS: One Merrimac Street, a fully-stabilzed asset in the heart of the Bulfinch Triangle, is up for sale.
Fenway is an area hot with apartment development, and also brimming with controversy. Skanska, a New York developer with offices in Boston, is hoping to build an 18-story apartment tower on Boylston Street.
As often happens with such things, the developers’ dreams came to combat with zoning reality. Skanska recently filed plans to replace the Burger King and a surface parking lot with 1350 Boylston, a project consisting of 240 apartments and 7,050 square feet of ground floor retail. The site was purchased last year for far more over the assessed value – understandably so, given the dearth of redevelopment sites in the area.
However, at a July hearing, the Fenway Civic Associate opposed 1350 Boylston noting the zoning on the site allows for a maximum height of 115 feet. Take a look at the numbers below. Is Skansa being too ambitious given the zoning restrictions?
Menino on Fenway Project: "Not my fault they overpaid" (Boston Business Journal)
With new Boston area residential developments popping up like tourists at Faneuil Hall, let's take a look at an area we have yet to cover on this blog - Columbia Point, Dorchester.
From Parking Lot to Lots of Apartments - University Place Residences
The Boston Redevelopment Authority recently approved a new housing development for Columbia Point in Dorchester. The location is rather ironic, as it is currently the parking lot belonging to the offices of the developer. One day, an executive at Cocoran Jennison Companies looked out at his BMW and thought, "Hey, my bimmer likes it here, I bet apartment renters would, too!"
That isn't exactly how it happened, but 140-150 Mount Vernon Street is slated to become the location of 184 rental units with ample parking, as well as 10,000 square feet of ground floor retail. 24 of the new apartments will be affordable units. The six-story building, dubbed University Place Residences, is consistent with the 2011 Columbia Point Master Plan. The project (rendering below) will cost $60 million.
25 Morrissey - 278 More Apartments, I see! (rendering above)
A few blocks away from the University Place Residences sits 25 Morrissey Boulevard, the site of another new large apartment development. This project, controlled by Boston-based development heavyweight Synergy Investments, calls for 278 residential units in two buildings, as well as 143 parking spaces. The unit mix is approximately 50% studios, 35% one bedrooms, and the remainder two and three bedroom apartments. 36 units will be affordable.
The project was approved in March; at that time construction was expected to start this summer, with project completion estimated for 2015. I cannot find any recent news about it, so I'll drive by this weekend and take a look. Stay tuned!
Our 6th Annual Tennis Event is approaching! We're pleased to announce that this year's event will benefit cardiac research at Boston Children's Hospital.
The event will be held October 2nd. The day will consist of tennis on the grass courts in Chestnut Hill followed by a networking cocktail event. We've created a Facebook page to keep you updated, answer questions, and share photos of previous events! Please "Like" our page to show support and stay in the loop. Tickets are not yet available, but check the page for updates. In the meantime, get on the court and practice your serve!
We currently have multiple sponsorship opportunities available. For more information on becoming a sponsor, please contact Tana Bramley.
To learn more about the cause, check out the infographic below!
NorthPoint, a 45-acre master-planned development in Cambridge, MA is a hotbed of luxury apartment development. Construction has started on 392 luxury apartments at 22 Water Street. The 2.4 acre infill site was bought in 2012 for $23.1 million by Behringer Harvard and is being developed by affiliates of Atlanta-based Wood Partners.
The 22 Water Street unit mix consists of luxury studios, one-bedrooms, and two-bedrooms, outfitted with nine-foot ceilings, granite, and stainless steel. Construction on the 15-story high-rise will be completed in 2015.
Also scheduled for completion in 2015 is another NorthPoint luxury apartment tower, dubbed Twenty20. Construction on this 20-story apartment tower, located at 20 Child Street, started in May. Twenty20 will offer 355 apartments, complimented by 8,690 square feet of ground floor retail. Residents will have access to a fitness center and half-court basketball, media and gathering rooms, a roof deck, security, garage parking, and 24/7 concierge. These units are expected to command rents in the $4 per-square-foot range.
Read More About the New Northpoint Luxury Apartments:
- Construction of more apartments underway at NorthPoint (Boston Business Journal)
- Press Release: Behringer Harvard and Wood Partners Announce Development of Luxury Multi-Family Community in Boston Metro Area (Behiringer Harvard)
- Twenty20 Official Site
UrbanMeritage has aquired 8 Newbury Street for $15.15M, adding a 3rd building to its planned $200M Newbury Street portfolio. This is the 3rd Newbury Street purchase for UrbanMeritage this year, with 79 Newbury acquired for $10M in April and 205 Newbury for $8.06M in May.
This roughly 19,000 SF building is located on the coveted first block of the renouned shopping mecca. Currently home to Firestone and Parsons Jewelers, UrbanMeritage plans to renovate the building and continue use as retail and office space. However, due to the extent of the renovations, tenants will likely need to vacate when their leases expire.
More about the sale of 8 Newbury Street:
Just down the street, 171 Newbury Street is available for purchase. The asset has been family-owned since 1979 and has been occupied by its namesake, Pucker Gallery, since 1967. This is a sale-leaseback, meaning the building will be sold fully-occupied with Pucker Gallery as well as Clarks Shoes; the latter just signed a new 10-year lease.
This 8,529 square foot retail gem offers unique architectural flair, setting it apart from it's traditional brownstone neighbors. The façade of the building offers meticulous masonry details capped by an appealing mansard roof, providing the building with a unique design and differentiating it from Newbury Street’s typical “brownstone” architecture. It provides numerous redevelopment scenarios, including retail, residential, and office.
More information about 171 Newbury Street available here, or contact Michael D'Hemecourt (617.850.9670). Call for offers tomorrow.
171 Newbury Street's unique façade, showcasing Parisian influence.
The site is located at the intersection of Western Avenue and North Harvard Street.
The Boston Redevelopment Authority has approved Samuels & Associates' (developers of the Fenway Triangle project, among many others) proposal for a 325-unit apartment project in the Barry's Corner section of Allston - after the developer agreed to increase the number of parking spots from 180 to 225.
Instead of adding more parking spaces to project, the developer made plans for valets to park cars in the development's parking garage if the original 180 spaces are in use. Improvements to Smith Field, a local park, were also added to the proposal.
In addition to the 325 new rental units, the project will also provide 45,000 square feet of ground floor retail and restaurant space. 40 on-street parking spots will be available for shopper use, in addition to the underground garage spaces.
The 2.7 acres parcel is owned by Harvard University, and is part of their quest to redevelop the area as a satellite campus. Construction will start this fall.
“The Barry’s Corner project represents an important first step in the redevelopment of North Allston,” Mayor Thomas M. Menino said according to a release issued by the developer. “I commend Samuels & Associates and Harvard University for coming together to meet the needs of the community, which will now benefit from shops, activities, and beautiful public space right in their own backyard.” (Quote Source: Plan's for Barry's Corner Released, Harvard Magazine)
(Image Source: Boston Redevelopment Authority)
Boston developer wins approval for Barry's Corner project in Allston, with help from valet parking (Boston Business Journal)
Harvard's Barry's Corner Projects Approved (Harvard Crimson)
Mayor Menino Announces: New Projects Moving Forward (Boston Redevelopment Authority)
Just over a week after the tragic events which rocked our city, things are returning to normal.
As you may or may not know, the 2nd explosion occurred on our block, directly outside our very building (in front of Starbucks). Fortunately, only two employees were present at the time, and they are unharmed. Thankfully, the rest of our team is safe as well.
Today, Boylston Street remains closed to traffic, the general public, and the press. However, business owners and residents were gradually allowed to return to the impacted areas.
This afternoon, tenants of 745 Boylston Street were allowed to re-enter the building, but only to inspect and review space. Above, Jason Weissman awaits entry to our headquarters.
While we are eager and excited to get back to work, our thoughts are with those and the families of those injured during this horrific event. We're the lucky ones - for us, everything will return to normal. There are many whom are not so lucky. We'll keep you posted as things progress on Boylston Street.
Boylston Street remains closed to traffic and the general public. Notice the cars parked the wrong way. This picture was taken today at 4:25 PM.