Condo Tower Set to Rise on Final Greenway Parcel
Two decades after demolition of Boston’s elevated Central Artery opened up neighboring properties to sunlight and park views, construction on the last vacant bordering parcel is accelerating.
Lender Reportedly Set to Take Ownership of St. Regis Residences
A Seaport District luxury condominium development that struggled with construction delays and slow sales will be transferred to lender Cottonwood Group’s ownership, according to a report.
St. Regis Penthouse Listed for $49M
A 10,000 square-foot penthouse topping the St. Regis Residences, Boston condominium tower is testing the demand for uber-luxury living with an asking price of $49 million.
Millennium Flips Winthrop Center Tower Back to Condos
Millennium Partners will begin marketing 317 luxury condos at its $1.3 billion Winthrop Center skyscraper in Boston in April, amid a recovery of the downtown market.
Something’s Rotten in the Luxury Condo Market
The urban condo market may be making a comeback, but only at the lower end of the spectrum. Something else is happening at the top end as supply of luxury units builds up.
Report: 1 in 3 Boston-Area Home Listings Asks Over $1M
A new report from Yardi-owned listings portal Point2 Homes says 34,8 percent of home listings – condominium and single-family combined – in the Boston area had asking prices above $1 million.
Remigration Benefits Battered Downtown Apartments and Condos
The Boston real estate market has been experiencing a wild ride since mid-2020 when COVID-19 appeared on the scene. The speed of the precipitous pricing decline for both urban core rental and for-sale product surpassed even 2008’s historical crash.
Downtown Residential Market Shows Resilience
The resiliency of the downtown Boston residential condominium market is currently evidencing itself, despite the devastation caused by the global pandemic and has again marched forward through a recession.
Boston’s Luxury Condos Have Hit Their Limit
Despite its bumper crop of new luxury condominium towers, Boston won’t be joining the gilded world of $100 million penthouses anytime soon. The mixed results of sales of several luxurious penthouses points to a price ceiling of sorts.
Bargain Hunters Pounce as Trump Condo Prices Hit Decade Lows
The building has stunning Manhattan skyline views, its spa offers deep-tissue massages, and the fancy restaurant off the lobby serves up prime steaks. Best of all, many apartments at the Trump World Tower are selling at a deep discount — assuming the buyer doesn’t mind the name over the door.
Developer Seeks Condo Switch for Downtown Tower
Developers of a 21-story tower are casting a vote of confidence in Boston’s condo market as they seek a switch to 148 for-sale units at their LaGrange Street project.
Raffles Bets on Rebound in Downtown Luxury Condo Market
After a broad-based dip in Boston’s luxury condo market in 2020, developers of the Raffles Boston Back Bay Hotel & Residences have a brighter post-pandemic outlook for sales of 146 condos at their 35-story tower.
Time to Wave Goodbye to Luxury Towers?
Overnight, deluxe high-rises like the 60-story One Dalton and its $34 million, 7,500-square-foot penthouse have seemingly become an icon of a soon-to-bygone age.
Luxury Buyers Will Still Need City Condos
The pandemic will influence buyers’ tastes, and a desire for a bigger suburban home will make a comeback, but there will always be a demand for city luxury condominiums.
Banker & Tradesman’s Editorial Cartoon: They Didn’t Get What They Paid For
Is it even a luxury penthouse if you can’t top the list of most expensive sales?
Echelon Presales Show ‘Efficient’ Designs Appeal to New Downtown Condo Buyers
Sales activity at EchelonSeaport could be a good barometer of what to expect in the Boston luxury condo market for 2020: healthy demand for smaller, more efficient units that appeal to buyers in the sub-$1 million range.
With Lenders Cool on Luxury Projects, Offices Take Center Stage
While developers of new office towers are betting on no recession, or a very shallow one, apartment and condo builders are clearly looking at the future a bit more warily. Both sides can’t be right here.
