CL Properties represented both the Buyer and Seller, bringing this Listing to Close at $1,559/sq.ft!
2015 was a great year for the economy not only locally but nationally as well. The country added 2.3 million jobs and unemployment has fallen below 5%. Here in Massachusetts, we saw an economic surge not seen since the 1990’s. Especially in Eastern Massachusetts we have seen first-hand how strong the economy has become. Anyone driving in or around Boston will notice a skyline filled with cranes and new luxury towers being built all throughout the City. With the job rate steadily growing here in Boston, developers are in a competitive environment to grab land wherever available and start building. In the City, we have witnessed the price of real estate continually rise and, in many cases, prices have reached or exceeded the high water mark just prior to the recession of 2008. The strength of the economy was no stranger to the Waterfront in 2015 with the average sales price of a home being just under $1.2M. The average price per foot in 2015 was $890/sf. in comparison to $844/sf. is 2014 and $760/sf. in 2013. This is a pretty impressive jump in only two years to see the average price per foot increase by more than 10%. In 2015 many of the luxury Waterfront buildings, including Rowes Wharf, Burroughs Wharf and Battery Wharf, saw properties selling for as high at $1,800/sf.
Operation Sail, Inc. (OpSail), a national non-profit organization, will be bringing tall ships to Boston this summer! This summer’s festivities will be a celebration of the 200th anniversary of the War of 1812 and the Star Spangled Banner. The ships will sail into Boston on June 30th and depart from Boston on July 5th.
When asked about this summer’s activities, Jose Fuentes, Chairman of Operation Sail, Inc. said, “Partnership with U.S. Navy in this magnificent international Waterfront spectacle in Boston will showcase the character-building aspects of sail training and why it is so important to preserve our maritime heritage”.
The two primary locations for the ships will be Fish Pier, located in the Seaport District, and the Charlestown Navy Yard. As these boats sail along Boston’s Harbor, various activities will be held along the Boston Harborwalk.
The local real estate market has been very active during the past six months. Much of this action has taken place here on Boston’s Waterfront. Below, find a table that displays the average price per square foot for some of the more popular buildings along the Waterfront:
|Property||Avg. Sale $/sq.ft. (past 6 months)|
Here are some details on our beloved Waterfront buildings:
Battery Wharf:The Residences at Battery Wharf consist of 104 apartments. Battery Wharf is the home of the Luxury
Fairmont Hotel and enjoys full services, a fitness center, fine dining and Exhale Spa. This property is located on Boston’s Harbor, steps to the historic North End and minutes to Downtown Boston, Faneuil Hall, The Garden and all major transportation points. Battery Wharf, which got its certificate of occupancy in 2008, has only four original units left to be sold.
Burroughs Wharf: Burroughs Wharf, built between 1989 and 1993, is conveniently located at the edge of Boston’s harbor, steps from the historic North End and adjacent to the new Fairmont Hotel. Burroughs Wharf has 69 apartments located in two buildings. Amenities include at least one garage parking space and 24 Hour Concierge. Marina slips are available as well as a water shuttle to the airport. Burroughs Wharf, with its ceiling-to-floor glass windows, is known for its spectacular views of Boston’s harbor and skyline. Burroughs Wharf’s price per square foot currently sits at $1,115/sq.ft., but this does not include a 1573 square foot totally renovated home that is currently under agreement for approximately $1,400/sq.ft.
Commercial Wharf: Commercial Wharf is a five-story granite building consisting of 94 units. Built in 1832 for warehousing to and from the Far East, this property was converted into condominiums in 1978. This property is best known for its purest views of Boston’s skyline and harbor. There is Exclusive-Rights parking. It is also the home for the Boston Yacht Haven, and marina slips are available. Two stunning penthouses recently sold for over $980/sq.ft. This strong activity, coupled with the newly upgraded hallways, has made Commercial Wharf one of the hottest buildings on the Waterfront.
Harbor Towers: Harbor Towers I and II were designed by I.M. Pei in 1972 with an eye toward capturing the finest views of Boston Harbor and the city skyline from each unit. There are 312 units in each of these 40-story buildings with eight units on each floor. Services include 24-hour gated security and concierge, seasonal harbor-side swimming pool, renovated and furnished lobbies and on-site management. Harbor Towers has multiple units that are currently under agreement. When these homes close, the average price per square foot for these towers should experience an encouraging jump.
Lewis Wharf: Lewis Wharf was built in the 1830’s as a major shipping warehouse and converted to condominiums in 1973. There are 90 residential units on four floors and 41 commercial units on the first two floors. These apartments, reminiscent of their historic beginning, have high ceilings, bricks and beams, and most have fireplaces. Building amenities include 24-hour concierge and security, two elevators, a luxurious swimming pool, beautiful gardens and the only rooftop common laundry room in the city with panoramic views of Boston. Rental parking is available. Lewis Wharf, the first building to be condominiumized along The Waterfront, continues to be a desirable building for any buyer.
Lincoln Wharf: Formerly the MBTA Power Station, this Historic brick Waterfront building was built in 1901 and converted to condominiums in 1987. This lovely elevator building’s amenities include a 24-hour Concierge, a Fitness Center, an interior Atrium, a lending Library, a Function Room and a Harbor-side Garden. Lincoln Wharf, known for its spacious residences and Harbor views, is located on the primary footpath of the Waterfront between Battery Wharf and Union Wharf, adjacent to Burroughs Wharf, and is just a few steps from The Historic North End, Downtown Boston, and all major transportation points. Lincoln Wharf had 16 sales last year and was recently featured on Chronicle for its role as a “recycled” and revitalized building along Boston’s Waterfront.
The Prince Building: Converted to condominiums in 1974, The Prince Building in an elevator building with 42 condominium units with garage parking. This Historic Building was originally built in 1917 and was the site of The Prince Macaroni Company pasta factory. The Prince Building, known for its dazzling views, is situated on the primary footpath of the Waterfront across the street from Commercial Wharf East and Lewis Wharf and just steps from The Historic North End, Downtown Boston, Faneuil Hall and all major transportation points. This dynamic location is also close to the Christopher Columbus Park and The Rose Kennedy Greenway. Many of the East facing homes at the Prince Building feature spectacular Harbor views. Recently, a corner East facing penthouse sold for $668/sq.ft.
Rowes Wharf: The Residences at Rowes Wharf consist of 100 apartments and were built in 1987. They are a unique combination of quality craftsmanship, expansive water views and superb luxury hotel amenities. There is 24-hour concierge services, valet or self-parking, access to the Rowes Wharf health club and pool, and a marina. For the record, the price per square foot last year was $1,063/sq.ft. and was the highest on The Waterfront.
The Mariner: Converted to condominiums in 1984, The Mariner is a concierge building with 105 residential condominiums with garage parking. Formerly one of the waterfront warehouses, this building was meticulously renovated to showcase its maritime history. This property, known for its fabulous views, greenhouse windows and some of the largest decks on Boston’s Waterfront, also has a fabulous common roof deck with 360 degree views of the Boston Harbor and City Skyline. The Mariner is located on the primary footpath of the Waterfront and is across the street from Union Wharf and steps from the newly developed Battery Wharf and The Fairmont Hotel. It is also steps from the historic North End, downtown Boston, the Financial District, Faneuil Hall and all major transportation points. The Mariner features a spectacular home with one of the largest deck/garden on The Waterfront which recently sold for $1,269/sq.ft.
Union Wharf: Union Wharf is considered one of the most prestigious addresses on The Waterfront. These beautiful granite buildings were built in the 1830’s as warehouses and were converted into condominiums in 1978. This prestigious property is best known for its loft-like, brick-and-beam apartments, beautiful landscaping and “residential-like” feeling. This wharf is comprised of two granite buildings and 23 three-level townhouses. It consists of 89 units, of which 71 are residential and the remaining 18 are commercial/residential. These high-end buildings have 24-hour gated parking, full-time, on-site maintenance, a sea-side heated swimming pool, guest parking and marina slips. Union Wharf features a breathtaking penthouse that recently sold for $1,053/sq.ft.
From June 7th to June 10th of this year, the Fairmont Battery Wharf hotel will again play host to The Magenta Foundation’s annual Flash Forward Festival, a celebration of international works of photography from emerging artists. Following its 2011 debut, this year’s festival now includes gallery shows and public art installations in the Boston Waterfront and beyond.
Visitors will have the opportunity to network with important industry personalities, artists, content developers and patrons, as well as to enjoy public art while learning how to achieve commercial success as a photographer. Whether you are a novice or established photographer, a professional in the art world, or simply a lover of photography, this festival experience is not to be missed.
This four-day event also kicks off exhibitions on the Harborwalk and Rose Kennedy Greenway, to continue through the summer. For a full list of exhibitions, events, and festival programming, visit www.flashforwardfestival.com. To find out more about living in the Waterfront, residences at Battery Wharf, and more, contact the Waterfront experts at CL Waterfront Properties today.
The Bruins are the Toast of the town and their preferred choice of living is The Waterfront/North End. With over a half dozen players and their families living within a ¼ mile radius, the Waterfront/North End has become one of the favorite places to live in the City. With full service and prestigious buildings like Battery Wharf, Burroughs Wharf, Union Wharf all surrounded by Boston’s beautiful Harbor, and with over 100 restaurants and bars just steps away, The Waterfront/North End neighborhood is a great place for your next home. Don’t miss out on the Next Stanley Cup Parade in June, just in time for Summer on the Waterfront!
Post by Gianni DePalma
Lucia’s Restaurant, in the heart of Boston’s old North End, is hosting the “Wounded Warrior Project Fundraiser” on January 19, 2012 from 6 p.m. to 10 p.m. The intent is to raise $15,000 for wounded soldiers returning from the front lines. Of equal importance, is to highlight the sacrifices made by those in military service.
Part of the fundraising event is a raffle for items including a signed Bruins jersey, signed Bruins hockey stick and a pair of tickets to a home game of the NHL Boston Bruins. Tickets for the raffle are already on sale at Mangia, Mangia restaurant and at the Hanover News. A silent auction is also planned. Appetizers are provided by Lucia’s Restaurant.
The authentic Italian eatery is within walking distance of some of Boston’s most treasured landmarks. One is the Paul Revere House, dating back to 1680 and home to that famed rider of the same name. Another is Old North Church, otherwise called Christ Church, built in 1723 and from which two strategically placed lanterns are credited with officially starting the American Revolution. It is the oldest Boston church still standing.
This historic part of the city is also home to some luxury Boston real estate. Within walking distance of Lucia’s is the brick and glass façade of Lincoln Wharf, a high-end 119-unit condominium offering luxurious surroundings and stunning waterfront views. Also nearby is Battery Wharf, offering one, two and three-bedroom condominiums on a coveted stretch of Boston waterfront real estate. The complex shares the wharf-side space with the Exhale Mind Body Spa, the upscale Aragosta Bistro and the Fairmont Battery Wharf Hotel.
Boston’s Old North End is also a draw for outdoor enthusiasts. Paul Revere Mall is in the center of the neighborhood and features an equestrian statue of the revolutionary, along with plaques dedicated to other Bostonians involved in the struggle. On the southern end, near even more examples of Boston luxury condos, is Christopher Columbus Waterfront Park, opened in 1976 to celebrate the bi-centennial. It is the perfect place for an impromptu picnic or a stroll along the Harborwalk.
The Boston Waterfront is a spectacular place to live these days; stunning harbor and city views, exquisite fine dining, sophisticated architecture and some of the most enchanting locales in Boston. The Boston Waterfront also features some of the most sought after luxury building properties.
CL Waterfront is proud to feature one of those amazing pieces of waterfront real estate at the Lincoln Wharf, Unit 311. It is a divine apartment with direct harbor views. Very spacious with 2 bedrooms, a living room and dining room that makes for a prefect space for hosting guests, entertaining or just having a few friends and family over. The unit also features all the luxuries you could want, including 24-hour concierge, a fitness center and more!
To see more on this exciting luxury Waterfront home, please watch our youtube video here!
If you are interested in Lincoln Wharf Unit: 311 Boston, MA and would like to schedule a viewing, please contact our offices today!
CL Waterfront is featuring a wonderful 2 bedroom/2 bathroom home located in the Lincoln Wharf with an overlooking view of the beautiful Boston Harbor and the exquisite Fairmont Hotel and Battery Wharf residences.
The unit has all the luxuries you would expect with first-class waterfront real estate; top-of-the-line appliances, granite counters, marble bathrooms, hardwood floors and much more! The Boston luxury building itself also provides many great amenities as well such as 24-hour concierge, fitness center and relaxing harbor-side garden.
To learn more about our featured Lincoln Wharf unit, please watch our intuitive youtube video here!
If you are interested in Lincoln Wharf Unit: 405 Boston, MA and would like to schedule a viewing, please contact our offices today!
This south-facing penthouse is a gem. It boasts beautiful harbor and city views from its large, private balcony. The kitchen features state-of-the-art appliances and design. Its master suite is like a dream with a walk-in closet and Carrera marble bathroom. If you are looking for luxury and style, then this penthouse is worth checking out. See for your self in our virtual tour video on our youtube channel CL Waterfront Properties!