Archive for the 'Boston Luxury Condos' category

Citybizlist.com recently featured Boston Realty Advisors (BRA) in an article about the realty company's announcement that the owners of the historic Brownstone at 86 Commonwealth Avenue have decided to use BRA to sell the property.

One really could not ask for a more beautiful building in downtown Boston.  86 Commonwealth is a four-story (including the basement) French, Academic style, brick brownstone with tandem parking for six cars. Designed and constructed by acclaimed architect T.P. Briggs in 1877, this building is rich with historic detailing that is difficult to find and gives residents and visitors a feeling of deep, historic luxury.  How often do you come across hand carved marble mantels, wainscoting, mahogany staircases, and ornamental crown molding all in one home? You'll find all of that and even more ornate touches at 86 Commonwealth.  

According to Jason Weissman, BRA Principal and Founder, "86 Commonwealth has so many potential uses, it could be an incredible condominium conversion, or potentially a single family."  Boston Realty Advisors is currently offering tours of the property by appointment to qualified buyers.  If you would like to schedule an appointment, contact Boston Realty Advisors.

View the original article on citybizlist.com

photo credit: boston.com

New Retail & Apartment Complex Planned Near TD Garden: Construction is set to start next week on a new complex known as "The Victor." It will be housing 286 apartments, new restaurants, and 138 parking spots. The creation of this new complex will significantly increase the Boston real estate value in the area. Read more at [Boston.com]

Boston's Union Oyster House Turns 185 Today!: "For Daniel Webster, a light lunch at Boston’s Union Oyster House meant devouring at least six plates of oysters, tossing back a tall tumbler of brandy, and washing it all down with a glass of water - all while holding forth on current events."...Contiune reading [Boston.com]

Best Ice Cream Joints in New England: With the days of summer slowly slipping into fall, start enjoying every single day that is left of summer the best way you possibly can - with ice cream of course! Check out all of these delicious ice cream destinations throughout Boston at [Boston.com]

 At 9 West Broadway in the Boston Seaport, bordering South Boston and the Financial District, is a handsome luxury penthouse loft waiting to be plucked off the market. Unit 605 is nothing short than impressive. Attached with a price tag of a cool $1.899 million, it’s definitely a Boston luxury condo worth checking out. 

 

 

1 Fitchburg Street, Unit c511, Somerville MA, Brick Bottom Lofts

...and interest rates and housing prices are rising!

The American Dream..."Baseball, Hot Dogs, Apple Pie and..."

Work hard, and have a family.  The government and banks will help you buy a home that's affordable.  Live a good wholesome life, retire and leave your debt-free home to your kids. 

The American Nightmare...

Work hard, and have a family.  Buy a home you may not be able to afford, then have your wages drop or worse - lose your job, and lose your home!  Then realize you will have little or nothing left to give to your kids when you're gone.

The tax law subsidizing home ownership has and does help us have and enjoy the American Dream, the 'Apple Pie'.  Now, some say we've had too much pie, that it costs too much, it 'makes us fat' or worse, it kills us...

Recent propsals to remove ingredients from our Great Americal Apple Pie Recipe would result in loss of a fixed rate mortgage and removal of the IRS tax deduction of mortgage interest and real estate taxes on your primary residence..both are no better than a plain baloney sandwich!

The Obama administration released a proposal this past Friday that would make major changes to the U.S. housing finance system; restructuring it to reduce its dependence on federal subsidies.  Fannie Mae, Freddie Mac, and the Federal Housing Administration currently finance more than 90% of mortgages. 

The plan is to slowly put Fannie and Freddie out of business by gradually reducing the value of the loans they can guarantee and raising the prices they charge lenders. Plans will also require larger down payments from borrowers. The Treasury secretary, Timmothy F. Geithner, has indicated he expects these changes to take 5-7 years to fully implement, stressing that the housing market will dictate how slowly or quickly the agencies close.

So do we have to dream a new dream?  Go on this kind of fiscal diet?  Will we ever eat Great American Apple Pie again? 

Don't worry!  Home ownership has been and should be the engine that helps drives this country.  History has shown that in the long run, property values increase. 

Housing, like many other businesses, is cyclical- and despite the fact that there have been some bad patches,  no one should change this system without either coming up with an alternative plan, or make changes over a long period of time and include some protections for certain situations/owners.  If not, housing will devalue once again, and this time, there will be many who will be "under water" who would not have been of these changes dp come about.  At best they may have to change their lifestyle, be locked into staying in their homes that they cannot afford and worse yet, they could lose their homes.  

We do not want to see people on the street trying to find the Great American "Apple Pie" that is no longer available to any of  us.

Here is more of what may be coming:

New York Time - Shockwaves on the housing market?  

FORTUNE - Earthquake, are we really capable of handling this change to the mortgage industry?

The Boston area's most magnificent property! Luxurious renovation of Gothic Church by celebrated developer, featured in major design publications boasts:

• 65 ft ceilings starting at base of central fireplace
• Beautiful interior balconies & open walkways
• 3 large bedrooms
• Glorious master suite
• Gorgeous recessed & chandelier lighting
• Gourmet kitchen
• Elevated wetbar / media room
• Floor-to-ceiling wine racks
• Impeccable bathrooms
• Arched ceilings
• Three living levels with 4300 Square Feet
• 2 garage spots
• heat included in rent!
• $6500/month
  

Call Paul Santucci 617-694-0004 for showing and details

 I had the pleasure of visiting a beautiful loft at 55 Temple Place in Boston's Midtown this week. Few lofts are offered in this location - Dexter Ditson, 42 Chauncy,  Lafayette Lofts & 43 Winter Street are among the handful of Boston loft buildings here, giving any available space here a uniqueness in relation to other neighborhoods, such as the South End, Waterfront and Leather District.

This front facing unit at 55 Temple is designed with a clean, crisp modern touch. Although white dominates the color palette here (white cabinets, white walls, white stone countertops, white lighting AND white furniture), it actually expands the feel and comfort of the space. Gleaming bamboo floors, well places mirrors / artwork and illuminated frosted kitchen cabinets are among the thoughtful details that punctuate the recent upgrades.

Other finishes include stainless steel appliances, large bedroom and closets, forced hot air heat / central AC, in-unit washer/dryer, and spa-like bath - complete with whirlpool bath.

Price: $479,000
Size: 1040 Square Feet, One Bedroom, One Full Bath

Contact Paul at 617-694-0004 or paul@bostonlofts.com for more details 

Bed bugs are back, and may even be living in Luxury Buildings in Boston!

1. Receive a thorough inspection by a qualified exterminator, who will confirm the identity of the pest.
   
   
2. Seal cracks & crevices in walls and floors.
   
   
3. Secure loose wallpaper and eliminate other areas of insect harborage.
   
   
4. Properly treat or remove infested furniture.
   
   
5. Mark infested items that are thrown away so others will know not to bring them into their home and spread the infestation further.
   
   
6. Frequent laundering of bedding and clothing during extermination process.
   
   
7. Frequent vacuuming of carpets and steam cleaning of furniture and mattresses during extermination process.  

 

1. Never pick up free roadside furniture (it may be tempting, but it isn’t worth the risk).
   
   
2. When traveling, make sure to keep your clothing in your luggage and your luggage in the bathtub (this may sound strange, but bugs have a hard time crawling up slippery surfaces).
    
3. Bed bugs like warmth, they have even been known to enter laptops and DSL ports.
   
   
4. When looking for bed bugs pay more attention to wood and upholstered furniture. Bed bugs seem to prefer wood and fabric over plastic and metal. Pull back the sheets from the mattress and look for bugs along the seams or tiny blood spots on the mattress.  Also look along the edges of the box springs and in the seams of the bedding.  You might also smell a strong musty smell. 
   
   
5. Many pest control services employ the trained nose of a rescue dog (often a beagle) to sniff out live bugs and viable eggs. Make sure that you check out the dog’s credentials, however. There have been a few instances of people trying to pass off the family pet as a super-smeller. 
   
   
6. Bed bugs are not known to transmit any infectious disease. The bites look very similar to that of a mosquito or other blood-sucking insect. Some bites may be unnoticeable while others might turn into larger sores. 
   
   
7. To treat a bed bug bite, treat the area with antiseptic soap to reduce the infection. Don’t scratch!  If it becomes infected, contact your health provider.  

 

 It appears that Boston real estate developers are finally believing that the recent and expected successes of Boston luxury Condos and Boston luxury Apartments are critical to the viability of commercial development such as the blighted Downtown Crossing's "Filene's Project."

The Boston Globe Article  says it all - there is quite a bit of interest in the purchase of the Filene's development site from Vornado who stopped development due to the downturn in the market a few years ago.

This is not the case in all cities across the country and not so in all of Massachusetts or even all parts of Boston. In any case, we should be pleased that there are positive signs of recovery.

Posted by : David Friedberg, CEO - Residential Division