One Dalton Developer Brings in New Brokerage
With 17 condominiums lingering unsold since Boston’s One Dalton tower opened in 2019, the building’s developers are switching horses and bringing in a new brokerage to move the units.
Naming Rights for Residences Is the New Normal
From the Seaport to the Back Bay, it might seem like every new condo building going up in Boston has a condo component attached to a well-known luxury brand. And new data shows it’s happening for good reasons.
Slowdown Ahead for Downtown Condos?
Half full or half empty? That’s one question to be asked as an assortment of new condo towers compete for buyers and pushes to keep the sales momentum going.
One Dalton Condo Listing Could Set Record
A never-occupied condominium near the top of Boston’s One Dalton could set a record sales price at New England’s tallest residential building.
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.
$29M Worth of Luxury Condos Snared in Saudi Royal Dispute
Ownership of some of Boston’s highest-end condos hangs in the balance as part of a $3.5-billion legal battle stemming from an power struggle in the Saudi Arabian royal family.
Putting a Damper on Movement at One Dalton
One Dalton Four Seasons Hotel and Private Residences, Boston’s newest residential building, is a 61-story tower featuring some of the region’s most spectacular homes. Normally, such a tall and thin building like One Dalton might be susceptible to wind-driven movement, but thanks to careful engineering and technology it is not.
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.
Henry Cobb, Who Defined Boston Skyline, Dies
Henry N. Cobb, the groundbreaking architect and longtime collaborator with visionary designer I.M. Pei who crafted Boston’s most iconic tower, died yesterday at 93.
White Elephant or Black Hole?
As legislators debate the proposed sale of the Hynes Convention Center, Back Bay business leaders say their neighborhood depends for its survival on the facility. And Beacon Hill appears to be listening.
Back Bay Business Leaders Blast Proposed Hynes Sale
Back Bay business leaders warned of a potential blow to the neighborhood’s hotel and restaurant economy if the Hynes Convention Center is sold to a private developer.
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?
One Dalton PH Sells for $34M
One of the two top units in the One Dalton luxury tower in Boston’s Back Bay has sold for a sky-high price of $34 million.
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.
Hot Property: Zuma Boston
Executive architect Dyer Brown of Boston collaborated with Tokyo-based designer Noriyoshi Muramatsu on the design of Zuma Boston, a new izakaya-style Japanese restaurant in Back Bay.
Boston’s Next Luxury Tower Is Ready to Launch
The $400 million, 33-story Raffles Boston Back Bay Hotel & Residences, set to begin construction this summer, soared upward in size and market niche during seven years of permitting and predevelopment. This is the saga of its tricky path to groundbreaking.
Diversified Demand Drives Greater Boston Tourism
The hospitality industry is thriving in Boston. New hotels are blossoming all over town.
New Supply Not Driving Condo Market Cool-Off
Has Boston’s ridiculously hot condominium market finally peaked? After rising for years, the price of Boston condos put under agreement actually fell in the first quarter of 2019 to $639,000, a drop of $10,000, or 1.5 percent.
Condo Market Still Has Some Runway
The market remains firmly tilted in sellers’ favor, but is beginning to show signs of a correction while two record-setting ultra-high-end condominium developments scheduled to open this spring in Back Bay and asking prices for Boston condos continue to rise.
Watch Out for Falling Prices
Boston luxury home prices actually fell 4.7 percent in the third quarter, to an average of $3.6 million, the sixth-steepest decline in the country. Get ready for more of the same in 2019, thanks to investors trying to offload gilded condominiums.
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