14
June
2012

Waterfront Properties in Boston Market Update!

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2012 Real Estate Stats for Waterfront Luxury Buildings

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:

PropertyAvg. Sale $/sq.ft. (past 6 months)
Battery Wharf915
Burroughs Wharf1,115
Commercial Wharf783
Harbor Towers513
Lewis Wharf731
Lincoln Wharf540
Prince Building657
Rowes Wharf896
The Mariner882
Union Wharf780

 

 

 

 

 

 

 

 

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

Battery Wharf

Battery Wharf

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

Lincoln Wharf

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.

29
May
2012

Boston Waterfront Pools

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Where to Relax and Beat the Heat in Boston

Summer is on the horizon and the warm and sunny weather is back!

If you live in the North End or Boston Waterfront neighborhoods, you can use the Mirabella Pool at Harbor’s edge to cool off.  If you’re lucky enough to live at Harbor Towers, Lewis Wharf, or Union Wharf, those properties have their own pool for residents and their guests to relax and cool off at.  Many neighborhood pools will be open this weekend!

Listed below is some helpful information about the best places to swim in Boston:

 

Mirabella Pool (public)

Mirabella Pool Boston Public Swimming

Mirabella Public Pool

Mirabella Pool is an outdoor, public pool located in Puopolo Park in Boston’s North End looking over Boston Harbor.  Open to both Boston residents and visitors alike, there is also a shallow spray pool for toddlers and small children.  Bathroom facilities are available within the recreational center on-site.  Swimming lessons are available for children twice weekly, and are only $5 per lesson, and you can pay as you go!

OPENING DATE: June 23rd
CLOSING DATE: September 5th

PRICING:

You can sign up for a pool pass at the Nazzarro Community Center in the North End (617.635.5166)

  • Children under 6yrs. old:     FREE
  • Children 6-12yrs. old:          $5
  • Youth 13-20yrs. old:             $10   (only $5 if pre-registered)
  • Adults 21-61yrs. old:            $15   (only $10 if pre-registered)
  • Seniors 62yrs. old+:             $5
  • Guests:                                   $3/day   (must be accompanied by at least one adult member)

POOL SCHEDULE:
Sunday -Saturday:  11am-8pm  (before July 31st)
Sunday -Saturday:  11am-7:30pm   (July 31st – September 5th)
Lap Swimming:  7am -9:30am daily

ADDRESS:
Puopolo Park / Mirabella Pool / Steriti Memorial Rink
475 R. Commercial Street
Boston, MA 02113

 

Harbor Towers

Harbor Towers Boston Swimming Pool

Harbor Towers Swimming Pool

The Harbor Towers are two 40-story luxury condominium buildings located along Boston’s Waterfront.  Homes range from one-bedroom to spacious penthouses, many with balconies and amazing views of Boston Harbor and Downtown.  The Harbor Towers boast extensive open space at the water’s edge, a marina, and an outdoor swimming pool for residents and their guests!  

OPENING/ CLOSING DATE: Seasonal

PRICING: FREE for residents and their guests

ADDRESS:
Harbor Towers
65/85 E India Row
Boston, MA 02110

 

Lewis Wharf

Lewis Wharf Boston Swimming Pool

Lewis Wharf Pool

Lewis Wharf was built in the 1830s as a major shipping warehouse and converted to luxury condominiums in 1973.  Lewis Wharf boast a beautiful Harbor-side swimming pool.  Bring a friend & enjoy the stunning views!

OPENING DATE: Memorial Day
CLOSING DATE: Labor Day (or a week or two later, depending on the weather)

PRICING: $100 per person with guest

ADDRESS:
Lewis Wharf
28 Atlantic Avenue
Boston, MA 02110

 

Union Wharf

Union Wharf Boston Pool

Union Wharf Pool

Union Wharf was built in the 1830s as a warehouse for imported shoes and was converted into condominiums in 1979.  Residents of Union Wharf and their guests can enjoy the warm weather in this gorgeous seaside swimming pool for free!

OPENING DATE: Memorial Day Weekend
CLOSING DATE: Columbus Day Weekend

PRICING: FREE for residents and their guests

ADDRESS:
Union Wharf
343 Commercial Street
Boston, MA 02109

24
January
2012

Harbor Towers – Boston’s First Waterfront Luxury High-Rise, Always a Good Investment

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Harbor Towers, Boston’s first waterfront luxury high-rise building, is always a good option for living or investing.

Harbor Towers Luxury Waterfront condos in Boston

Harbor Towers in Boston

Centrally located near the financial district as well as many recreational venues, these spacious luxury condo homes feature breathtaking views of historic Boston Harbor and the city over the Rose Kennedy Greenway.

Oversized windows allow you to enjoy the amazing Boston Waterfront views, with deep sills where you can sit with a good book, a glass of wine, a cup of tea, and relax.

Each home features many luxury appointments as well as amazing closet space, hardwood flooring, and gas cooking.  Many offer private balconies.   The condo fee includes heat, air conditioning, hot water, gas cooking, 24-Hour Concierge, state-of-the laundry facilities and a seasonal swimming pool.  There is also a tot play area, barbecue grills, bicycle storage, and Harborview outdoor seating.

Garage rental parking is available, as well as a Zip Car location.  Major transportation points are just a few steps away.

The area is a gourmet’s delight, as Sel de la Terre, Legal Seafood,  Miel, Trade, Smith & Wollensky’s, and Radius are all within walking distance.  If you are in the mood for a quick bite, there is Pasta Beach, Panera Bread, Boloco, and Sorelle nearby.  Emack and Bolios, Dunkin Donuts and an oversized 7-11 for light groceries or wine/beer are all next door as well.

Harbor Towers – is always a good option for living or investing!

 

Posted by:  Diane Giacobbi

3
November
2011

Condo Sales Climbing in Boston; October Sales Numbers

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Boston.com recently reported that Boston’s downtown condominium market rose by more than 22 percent in the third quarter as home buyers gained confidence in the city’s core residential areas according to data released by the Listing Information Network, a company that tracks the downtown real estate market.  Sales along the Boston Waterfront are also rising!

Harbor Towers Luxury Condo recently sold by CL Waterfront Properties LLC

Harbor Towers Luxury Condo recently sold by CL Waterfront Properties, LLC

Condo sales in the Waterfront/North End continued to strengthen in October, as 15 properties closed with a total sales volume of $15,184,000.  The average sale price for the month was $1,084,000, which is considerably higher than October 2010 when the average sale price was only $767,000.

CL Waterfront represented six of these October sales and $6.199M volume.  CL Waterfront closed deals at Lincoln Wharf, Harbor Towers, Burrough’s Wharf and 2 sales at Union Wharf.

Year to date, CL Waterfront continues to be the Waterfront’s top brokerage; having closed more than $52M on 50 transactions.  Since opening in the winter of 2010, CL Waterfront has already sold more than $100M in real estate.

If you need help selling your Boston Condo, contact CL Waterfront today.

Read the Full Boston.com article here

26
July
2011

It’s a Dog’s Life…

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Written by Diane Giacobbi

Boston is not only filled with universities and students, hospitals and doctors, it is filled with dogs and their humans.  Each week I receive at least one inquiry for a sale or rental of a pet friendly property.  No longer just a suburban pet, the urban dog is welcome in many places – in certain outdoor patio dining, in private dog parks, and in some designated areas of public places.  The services for these pets are innumerable – dog boutiques for accessories and natural food items; doggie day care with transportation; daily walks; overnight vacation services, and in home veterinary calls.

Many condominium buildings along Boston’s Waterfront are pet friendly.  As a lover of dogs, I do everything in my power to find a home for my wonderful canine residents and their people.

Here is a current list of some of the pet friendly buildings in the Waterfront:

Intercontinental: Owners and TenantsBoston Dog Park 

Rowes Wharf: Owners only with Management approval

Harbor Towers: Owners only

Commercial Wharf: Owners and Tenants

Lewis Wharf: No Dogs

Mariner: Owners and Tenants

Bulfinch: Owners and Tenants

Union Wharf: Owners only

Lincoln Wharf: No Dogs

Burroughs Wharf: Owners and Tenants with Restriction

Battery Wharf:  Owners and Tenants

7
July
2011

“Old Ironsides” Annual Fourth of July Turnaround

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In part of a 4th of July tradition, the U.S.S. Constitution raised its colors, hoisted its sails and left port from the Charlestown Navy Yard for its annual turnaround.  “Old Ironsides” is the oldest vessel still commissioned in the United States Naval fleet.

In the Boston Harbor last Monday, the warship sailed along the Boston Waterfront until it reached Castle Island where its crew conducted a 21-gun salute from its battery of canons before turning around and returning to its home for another year.  Here’s a video of this year’s event.  Doesn’t get any more patriotic than this… Happy Birthday, America.

USS Constitution sets sail along the Boston Waterfront during the Fourth of July Celebrations

 

 

3
June
2011

Nationwide Open House Weekend | June 4-5

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Nationwide Open House Weekend starts tomorrow!

We at CL Waterfront Properties will be participating on a grand scale with more than 15 open houses between Saturday and Sunday, showing some of the best Boston luxury condos and properties that this city has to offer.

Realtor Nationwide Open House 2011

Realtor Nationwide Open House Weekend 2011

We will be showing luxury real estate at Commercial Wharf, Lincoln Wharf, Union Wharf and other Boston Waterfront buildings.

Be sure to visit our search listings page, check off the Saturday and Sunday boxes under Open Houses and hit search to see all of our featured properties this weekend.

Also feel free to visit the 2011 REALTOR® Nationwide Open House weekend official website where buyers can go to search for open houses at www.maRealtorOpenHouse.com.

You can also contact us as well if you’d like to know more information about this weekend’s event or interested in luxury Boston real estate for sale.

31
May
2011

Boston Waterfront Sales Report for May

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Real estate sales on the Boston Waterfront and in the North End were hot, hot, hot, throughout the month of May.  Luxury homes and condos are becoming more desirable than ever. Now that summer is in full swing with plenty of barbecues, beach days and Red Sox games ahead, there’s no better time than to find that perfect dream home in Boston.  Here are the latest success stories sold along the Boston Waterfront and North End.

50 Battery St. #PH5
A Glamorous waterfront penthouse in the Burroughs Wharf with 3 bedrooms and 3.5 bathroom at 2,322 sq/ft, was sold by Carmela Laurella, CL Waterfront Properties’ President, at a whopping $2,595,000.

3 Battery Wharf #3506
A spacious south facing duplex home located at the Battery Wharf with 2 bedrooms and 2.5 bath at 1,916 sq/ft, was sold by Carmela Laurella, CL Waterfront Properties’ President, at a generous price tag of $1,662,500.

2 Battery Wharf #2308
Another spacious luxury home located at the Battery Wharf with a huge open floor plan, 2 bedrooms and 2.5 bath at 2,162 sq/ft, was sold by Carmela Laurella, CL Waterfront Properties’ President, at $1,575,000.

85 E. India Row #12H
Also sold along the waterfront by CL Waterfront Properties’ President, Carmela Laurella, is a lovely 1 bedroom, 1 bathroom luxury condo with 876 sq/ft of space at an easy $410,000.

Other luxury homes sold in the last month along the Boston Waterfront are 90 Salem St. #9 luxury condo with 1 bedroom, 1 bath at 635 sq/ft for $318,000.

The luxury studio located in the Intercontinental Wharf at 500 Atlantic #14T with 1 bath at 426 sq/ft for $312,500.

Located in the Commercial Wharf at 328 Commercial St. #3 sold a beautiful 1 bedroom, 1 bath home at 631 sq/ft for $372,500.

At 136 Prince St. #6 a lovely 2 bedroom, 1 bath home at 630 sq/ft went off the market for $370,650.

Located in the Harbor Towers at 65 E. India Row #14D was a gorgeous 1 bed, 1 bath condo at 747 sq/ft for $425,000.

Also not to far from the last home is 85 E. India Row #29H, a 1 bedroom, 1 bath, 881 sq/ft condo sold for $505,000.

19 Cooper St. #4.  A wonderful 816 sq/ft home with 2 bedroom, 1 bath at $522,000.

And last, but not least, located on the Union Wharf at 343 Commercial St. #101, is the 2,552 sq/ft residential/commercial space at $706,000.

 

15
November
2010

When is the Right Time to Invest?

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Posted By:  Carmela Laurella

Real estate tends to run inverse to both interest rates and availability of credit.

With today’s mortgage rates at historic lows and following a correction of historical magnitude, at this point in time, I would suggest that real estate represents a fair value.

Time & Money Balance

I would further suggest that with both mortgage rates and prices down, that investing in a new home is as affordable as it’s ever been in the U.S.

One final thought would be that the primary footpath of Boston’s Waterfront is basically built.  They won’t be making any more and there is scarcity value in that alone…

CL Waterfront Properties has the market expertise to help you find the perfect new luxury home in Boston; whether you want to live in one of the full service Boston Waterfront buildings, or a luxury home in Back Bay or Bay Village, we can help find a home to fit your lifestyle.