Archive for the 'Downtown Lofts' category

Photo Credit: boston.curbed.com

The “power-house” development firm, Millennium Partners LLC,  is right back to work in Downtown Crossing, with the Boston Redevelopment Authority granting approval on its plans to build a whopping 55-story residential skyscraper in the heart of downtown Boston.  Located at the former Filene’s site on Washington Street, the new development is expected to cost an estimated $620 million to build. Construction is set to begin within the next year, with delivery slated for the 2016-2017 rental and sales peaks.  The ambitious project, totaling 500-600 rental units, takes a giant leap forward with this new approval from the city with the key involvement of Millennium Partners LLC.

Long referred to as the “Burnham Building restoration project,” the city of Boston had met with developers and planners for years in hopes of turning the site into something beneficial to the Downtown Crossing area. Previously, the site had been under agreement with developers from Vorando -- a New York based real estate investor -- but plans for the 39-floor project they envisioned never got off the ground; efforts to reenergize the development also fell silent.

Enter Millennium Partners!  Millennium Partners LLC is no stranger to the Boston development arena, Millennium Partners had already built the Ritz-Carlton, Boston Common hotel and residences, and now, it is currently constructing Millennium Place, a 15-story full-service luxury residence. The level of new construction and redevelopment in the Downtown Crossing area is unprecedented, and as city planners hope, will add new residents and business opportunities to the city for years to come.

When completed, the 55-story, 606-foot building will become the third tallest standing structure in the city of Boston, behind only the John Hancock tower at 790 feet, and the Prudential Building at 751 feet.  In addition to the 500-600 residential units planned in Millennium Tower, the developers also intend to fully restore the 100 year old “historic” Burnham Building and use 230,000 square feet of the first several floors for commercial and retail space.  The site will also feature a “Shopper’s Park” and outdoor amphitheater to energize pedestrian activity in the neighborhood.

Related Listings
Luxury Apartments in Boston

Ok, Let's talk about value. Usually, not a word that can be thrown around lightly in the tight & desirable loft market in Boston. But I'm about to show you something, and if you are quick enough, you can take advantage: 

First of all, I can't tell you how many people in the marketplace hover around Court Square Press in the Seaport District in Boston, looking for a loft to call home. This is one of the most popular loft buildings in the Boston area for a reason: 24 hour concierge, deeded garage parking, 20,000 Square Foot outdoor rooftop terrace with a lap pool & grills!, media room, and updated fitness center - plus it's literally just steps from the Redline. 
There's also the units: true brick and beam style lofts, handsome, elegant, but also that perfect touch of raw factory style that adds that extra flair to make these homes a cut above (check out the homepage of www.BostonLofts.com. There's a reason I feature that Court Square Press unit as "THE" loft in Boston!).
Convenience, style and good living….Must be pricey, right? Well, Court Square's lofts have been selling at about $500 per square foot lately - even with the parking. So, the value is obvious for this building.

But wait - it gets better!
 How does $426 a Square Foot AND $67,000 UNDER assessed value sound for a Two-Level Penthouse?!



Yes- read quickly, here's the details:

·          Price: $799,000


·          Size: 1872 Square Feet


·          Rooms: 2 Bedrooms / 2 Full Baths & 1 Half Bath


·          Parking: 1 deeded GARAGE spot

Here’s a little more:
Boasts soaring 10 - 25 foot ceilings, Master Bedroom with en-suite Full Bath & huge walk-in closet. Dramatic lofted Livingroom / Diningroom / Kitchen with original wood beams & exposed brick, perfect for entertaining or just relaxing in a spacious & ultra-cool loft. Chef’s Kitchen includes stainless steel appliances (including wall oven) with amazing storage, midnight black granite countertops and upscale wood cabinets.

Yes, you are interested. Private showings: call Paul Santucci 617-694-0004 or email me at

paul@bostonlofts.com

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

Happy New Year! Here's the quick data for SOLD lofts in the Boston area*. For more detailed information on particular buildings, bostonlofts.com has an amazing market statistics section waiting for you. As always, please reach out to Paul Santucci to discuss any of this in greater detail, too: 617-694-0004! 

Happy Loft Hunting in 2011!

Located in the heart of Downtown Crossing, these dramatic lofts in the converted Edison Electric Building deliver luxury features with an industrial touch. 42 Chauncy Street is tucked away, but moments from the action on Washington Street, Financial District, the Boston Common and Chinatown. The lobby, which leads to the elevator, is discreet but modern. Each of the 23 units have taken a unique transformation, from 17"ceilings to state-of the art kitchens, floor-to-ceiling custom closets, contemporary lighting, 14 foot windows, and mezzanine style living areas and bedrooms. A Penthouse unit also boasts an outdoor roofdeck.

If downtown loft living in a striking and unique condo without the extra condo fees associated with high-rise buildings is what you're seeking, 42 Chauncy is the perfect home.

Current Unit Pricing:
$830,000 - 2226 SF, 1 bed / 2 bath
$999,000 - 2450 SF, 2 bed / 2.5 baths
$1,000,000 - 2847 SF, 4 bed / 1.5 baths (private roofdeck)

For more information and to see the lofts at 42 Chauncy, please contact Paul Santucci 617-694-0004, paul@bostonlofts.com

For detailed unit pictures and information, visit: http://bostonlofts.com/Showcase_Listings/details.aspx?ListingID=568929