Waterfront Side Residence with Brick & Beam
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WHAT: A penthouse overlooking Boston Harbor, with four bedrooms and three bathrooms
HOW MUCH: $2,350,000
SIZE: 2,618 square feet
PRICE PER SQUARE FOOT: $898
SETTING: This condominium is in an old warehouse on the Boston Harbor waterfront, a former industrial neighborhood next to Boston’s North End now known for its loft conversions, private docks and waterfront parks. The mouth of the harbor is across the street; ships can be seen from the condo’s living room. Coffee shops, restaurants and bars are within walking distance. Bus and subway stops are within a few blocks.
INDOORS: This two-story penthouse is in a four-unit building built about 1890 and likely used as a warehouse. It was converted to a condo in 1986 and updated within the last seven years. Wood beams, brick walls and other vestiges of the original structure were left intact, augmented by contemporary fixtures such as stainless-steel kitchen appliances and walls of glass.
The entry level has a kitchen, a living area and two bedrooms. The second level has another, larger kitchen, a living and dining area and two bedrooms, including the master suite. Connected by a floating staircase, both levels have open floor plans and harbor views.
The second level is spacious and bright, with a vaulted ceiling paneled in skylights that rises nearly 19 feet, and a wall of glass facing the harbor. The kitchen is all stainless steel, from appliances to surfaces. A built-in wood credenza with a granite top extends from the kitchen into the living area along an exposed brick wall, painted white. Floors here are Asian walnut.
The master suite, in a loft over the second-level living area, has a massive skylight and harbor views. A heavy wood door salvaged from a barn inVermont slides to reveal the master bathroom, which has a jetted tub set against a rough stacked-stone wall, as well as a stone-backed shower and a custom wood vanity.
Parking is available at a nearby garage for about $400 a month.
OUTDOOR SPACE: The second-level living area opens to a 21-foot-wide deck overlooking the water. The deck has bench seating and a hot tub.
TAXES: Approximately $18,041 a year, plus $741.57 a month in condo fees, which covers hot water, gas, insurance and building maintenance
CONTACT: Carmela Laurella, CL Waterfront Properties, (617) 624-9700 / (617) 797-2538; clproperties.com
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.
Love Joy Wharf may be finally getting some long overdue love. Built in 1909 and never available for public use, the building has been vacant and tied up in a lawsuit with neighboring Strada234 the past several years. The dilapidated wharf building, located along the Harbor near the Charlestown bridge, recently received interest from The Related & Beal Companies to turn the run-down building into a 14 story tower with 104 residences. The mix-use building also features 187,000 sq/ft of office space which is said to be leased by a single tenant. The building will also feature retail space, restaurants & small marina. Ground is expected to be broken in early 2013 and construction will last about 36 months. To learn about plans for the Waterfront’s residences, contact CL Waterfront Properties, LLC.
Multi-family buildings are in high demand along the Waterfront and North End. This past week an auction was held for a historically significant five story, eight-unit building located on Charter Street in the North End. The building was the former home of the Saint Joseph Society which has since relocated to Hanover Street. The Charter Street building was sold in the auction to a local resident and business man for the price of $2.4M, after dozens of bidders vied for the property. The building is currently assessed at $831,000 which shows the high demand for investors to buy income generating properties in the North End/Waterfront neighborhood.
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.
Proposed by developer Don Chiofaro, the plan to replace the Harbor Garage in the North End with a twin set of skyscrapers, was officially withdrawn after 3 1/2 years of debate. Chiofaro’s $1 billion project exceeded the city height limits, putting him at odds with Mayor Menino from the start. A revised version was submitted in 2010, however, it still exceeded the height limits. This week Chiofaro wrote to the Boston Redevelopment Authority (BRA) to have the project repealed.
Chiofaro and co-founder Ted Oatis are now working directly with the BRA in hopes of creating something that is beneficial not only to their company, but also to the nearby North End and Waterfront neighborhoods, and the city as a whole. The BRA is pleased with the project’s progression forward, now that it has the proper assistance. The result of their collaboration is sure to have a positive impact on the homes and businesses surrounding in the area.
To read the full article on this project Click Here.
Every summer the North End community celebrates and pays hommage to various honored Saints. This is a great time for friends, families, locals and visitors to shop, eat, drink, play games, and enjoy live music. It is basically one big block party or carnival, right in the streets of the North End. You can enjoy Italian food, visit different vendors with Italian-themed gifts, and play carnival-type games. To learn more about this event or to buy/rent a home in the wonderful North End/Waterfront neighborhood, please contact our office today!
2012 North End Feast Schedule
North End Italian and Religious Festivals – Processions & Feasts
June 3, 2012 – Santa Maria Di Anzano 2:00 pm Procession only – St. Leonard Church, Hanover & Prince Streets (First Sunday of June – 2012) AnzanoBoston.com
June 10, 2012 – Saint Anthony of Padua 2:00 pm Procession – St. Leonard Church start (Hanover & Prince Streets) 4:00pm Blessing of the Children (Nazzaro playground with food/drink)
June 24, 2012 – Saint Padre Pio 10:30 Italian Mass – St. Leonard Church 11:30 Procession only – Hanover & Prince Streets
July 8, 2012 – Madonna delle Grazie 2:00 pm Procession only (2012 NOT CONFIRMED)
July 15, 2012 – St. Rocco
1:00 pm – Procession only – Hanover St. (2012 NOT CONFIRMED) July 27 – 29, 2012 – St. Joseph’s Feast Battery & Hanover Streets (1:00pm Sunday Procession) (Last weekend in July.) StJosephsBoston.org
August 3 – 5, 2012 – St. Agrippina di Mineo Feast Battery & Hanover Streets (1:00pm Sunday Procession) SaintAgrippinaBoston.com
August 10-12, 2012 – Madonna Della Cava Feast Battery & Hanover Streets (1:00pm Sunday Procession) (2nd weekend in August) MadonnaDellaCava.com
August 16 – 19, 2012 Fisherman’s Feast of the Madonna Del Soccorso di Sciacca Fleet, Lewis & North Streets (1:00pm Sunday Procession) FishermansFeast.com
August 24 – 26, 2012 – Saint Anthony’s Feast
Thacher, Endicott & N. Margin Streets (Last weekend in August) (12:00 pm Sunday Procession) StAnthonysFeast.com
August 27, 2012 – St. Lucy’s Feast Thacher & Endicott Streets (5:00pm Monday Procession) StAnthonysFeast.com/SaintLucy.html
September 9, 2012 – Santa Rosalia di Palermo 1:00 pm – Procession only – North Square