A development team has filed a letter of intent with the Boston Redevelopment Authority to build a 31 unit, upscale luxury condominium building in Boston’s Midtown Cultural District on Tremont Street. The current building located at 171-172 Tremont Street will be demolished and replaced with the new luxury condo development.
According to the letter of intent, the current office building is located directly across from Boston Common at the corner of Tremont Street and Avery Street. It is also adjacent to the Parkside Condominiums, the AMC Loews Boston Common 19 movie theater and MBTA’s Boylston Green Line stop, making for a “spectacular location” according to the letter of intent. The letter of intent shows the property’s principal owner and developer as Maurice Dabbah, of Switzerland, and joint venture partners being Matthew Snyder and David Ridini, principals of Center Court Boston LLC. David Raftery will be the Boston based architect, with Boston based Elkus Manfredi Architects working as architect and VHB as civil engineering contractor for the new project. The property, located at 171-172 Tremont Street, had been owned for more than 10 years by Millennium Partners. According to a Suffolk County deed, the $16.4 million acquisition closed in June of 2014.
Millenium Partners acquired the property in 1999 for $4 million. The letter of intent did not state any development costs for the new residential tower, nor did it state a time line for the 31 unit condo project. The new owners says it expects to file a project notification form with the Boston Redevelopment Authority in about a month.
Video game maker Harmonix announced this week that they are going to move their headquarters from Cambridge to Boston’s F inancial District this summer.
The company has been located at 625 Massachusetts Avenue and has plans to move this August to the seventh floor of an 11 story building at 40 Broad Street in Boston. They have signed a lease for almost 25,000 square feet of office space.
The company will occupy the entire seventh floor at the new location.
“Harmonix is thrilled to be moving across the river to 40 Broad Street. The city of Boston has done a tremendous job revitalizing the downtown area, and the new space will be a major upgrade for us. We are excited to settle in and start enjoying our new surroundings,” said Chris Rigopulos, chief operating officer of Harmonix.
Other tenants in the building include Mullen, Public Consulting Group, Advent Software Inc. and the law firm, Gesmer Updegrove. Harmonix was founded in 1995 and is best known for creating blockbuster franchises like Rock Band and Dance Central.
Equity Office Properties of Boston announced their plans for more than 130,000 square feet of additional office, retail and restaurant space at 500 Boylston Street.
Plans call for a conversion of an outdoor courtyard space with a 5 story, 80,000 square foot retail and office facility, and to convert up to 50,000 square feet of the building into retail spaces.
John Conley, senior vice president of Equity Office Properties in Boston, submitted a notice of intent with the Boston Redevelopment Authority on March 13th outlining the company’s goals. The notice of intent also states that Equity plans to add two vestibles at the adjacent 222 Berkeley Street, and convert 8350 square feet of office into space for a new restaurant.
The two properties will span 1.3 million square feet and have a combined value of $904 million. Equity intends to file a project notification form with the Boston Redevelopment Agency in mid April. Conley stated that this reinvestment is a reflection of the company’s belief in the building and the overall strength of the Boston market. No details regarding the project team, anticipated development costs or timeline were disclosed.
Connected to The Prudential Center and Copley shopping malls, in the heart of Back Bay, The Belvedere Condominiums are considered as one of Boston’s most luxurious properties. The 61 unit upscale building was constructed in 2000. The location of the condominiums allows access to shopping and fine dining at the Prudential Center mall, which is connected to the condo building. There is a landscaped courtyard and reflecting pool directly across the street. Most of the luxurious condos have parking inside of the garage area.
Amenities include: underground garage, rooftop terrace, valet parking, balconies, in-room laundry and 24 hour concierge. In addition, the residents have access to the private library, kitchen and dining room for private parties and room service.
The popular condominiums have an ideal location in the heart of Back Bay, close to all of the most popular attractions in Back Bay. The units have balconies, top of the line kitchen appliances, air conditioning, carpeted and hardwood floors, cable/satellite TV and more.
The Beacon Hill Civic Association Zoning and Licensing Committee recently held an informal meeting to discuss preliminary plans to demolish a two story building located at 156 Cambridge St. The building is currently home to the Beacon Hill Athletic Club and Seoul restaurant. Preliminary plans calls for a development of an 8 story building which would accommodate an extended stay hotel and other mixed use spaces. The preliminary plans call for 70 extended stay hotel suites, 2 levels of underground parking, a restaurant and more.
Some members indicated some objection to the height of the proposed building in the neighborhood, but many agreed that the improvements are needed. The applicants took comments from the meeting and agreed to return to the community with a revised proposal before moving forward with the project.
Normandy Real Estate Partners has announced plans to expand its existing 13 acre office park in Needham to a 41 acre “superpark,” with commercial office space, residential and retail that’s designed to be “a catalyst for creativity.”
Development costs could top $300 million at full buildout, for an additional 450,000 square feet of development, said Mark Roopenian, principal with Normandy Real Estate Partners, who handles development and leasing in Massachusetts.
Normandy Real Estate Partners, based in New Jersey, has a Boston office and is developing what Roopenian calls the Center 128 East office park at 400 First Ave. in Needham. That park is home to a 128 room Marriott Residence Inn and will be the future home of the 290,000 square foot TripAdvisor headquarters, and Normandy Real Estate Partners wanted to leverage the success it has seen at the park.
Normandy Real Estate Partners acquired the 28 acre Needham Industrial Park in late December for $54.5 million. The property spans 507,900 square feet of single and two story office space and for years had been home to one of General Dynamics information systems and technology business units. General Dynamics plans to vacate the property by the forth quarter for new space in Dedham.
The Massachusetts Department of Transportation’s “Add a Lane” project will create a new off ramp from Route 128 that will lead directly into the new superpark.
Roopenian said Normandy Real Estate Partners has the additional capacity to develop an additional 450,000 square feet of space, including an additional headquarters size building or “creative” office space. “Our concept is to make these buildings into something that the market has not seen before in terms of its architecture, the interiors, the level of amenities,” Roopenian said.
About one third of the existing 507,900 square feet will be demolished to make way for residential development, and amenities in the superpark will include fitness centers and up to 20,000 square feet of walkable retail usage.
The Baker Chocolate complex
English: Lower Mills Village, Massachusetts, spanning both sides of the Neponset River between Milton (on the right) and City of Boston (Dorchester) (on the left). These buildings were once part of the Walter Baker Chocolate Factory. (Photo credit: Wikipedia)
Boston Condo prices are competitively pressured upwards. However, a cheaper alternative in a nice neighborhood feel is The Baker Chocolate complex.
The 14-acre village along the Neponset River in Dorchester has some newer luxury condos that start at just $450,000. Whereby it is near impossible to find anything near $500,000 along the Charles. The owners in the old brick factory buildings get access to an to an indoor lap pool with a hot tub, a fitness facility, a conference room and a dog park.
Three of the buildings are being transitioned into 77 condos, with 58 of them in a six-story Romanesque Revival building built in 1891 and known as the Baker Mill. The developer is adding hardwood floors, some updated appliances, and even opening up some unused loft spaces on the top floor.
Soon it will be Millennium Tower. First Boston Realty International, LLC is pleased to announce a new development in Boston’s Downtown Crossing Midtown District. The new Boston luxury condo development; Millennium Tower is located on the historic Washington Street in Boston.
Residents will get five-star luxury services and amenities, including 24-hour concierge and valet service, fully equipped state-of-the-art fitness facility, indoor lap pool and spa, cinema, private dining room, billiards room, fully landscaped and furnished outdoor terrace, and a fully serviced residents lounge with bar and food service.
442 exclusive luxury condos including one, two, and three bedroom condos, plus penthouse residences. Buyers will have the opportunity to choose from three different categories of residences at Millennium Tower including Millennium Tower City Residences, Millennium Tower Grand Residences, and The Millennium Tower Penthouse Residences.
Batch Yard apartment complex which is a renovation of the old Charlestown Chew Candy Factory, hosted its grand opening on Oct. 1, drawing more than 300 people. Leasing started in August and 43 of the Batch Yard’s 328 apartments are spoken for.
Of the 285 apartments left, the rents start at the following:
· 1-BR with open floorplan: $1,905
· 1-BR with closed floorplan: $2,125
· 1-BR with den: $2,295
· 2-BR: $2,680
· 2-BR with den: $3,985
· 3-BR: $3,180
A pool for swimming, deck for lounging and summer-time grilling | Roof deck views of Boston’s finest | Outdoor media center for midnight movies | Library, dining room, and lounge | The fitness center you’re currently overpaying for | Plenty of room for Fido to roam | Garage parking Commuter access to the city and beyond
Boston was named as one of the more confusing towns in the world. Above even Venice by the Huffington Post recently. Navigating the Boston streets is a confused adventure for the uninitiated. Winding, crooked streets, some old timers would say are formerly cow paths,make no sense.
English: Map of neighborhoods in Boston. 日本語: ボストン市の地区 (neighborhood) の位置図 (Photo credit: Wikipedia)