Exceptional renovation of Grand residence at The Intercontinental w/ Harbor & City views. Glamorous Foyer w/ warm hues of Venetian plaster make an ideal gallery and elegantly leads to expansive living area w/ wall-of-windows overlooking the Seaport. Living/dining room features quarter sawn oak floors, 10′ ceilings & exquisite detail. Entertaining-size kitchen w/ custom cabinetry by Downsview, Caesar Stone counters & island w/marble, double ovens, Subzero, dishwashers & wine fridges. Luxurious master bedroom w/ private fitness studio, built-ins including refrigerated drawers & 75″ flat screen & custom CA closet, 2 en-suite baths w/steam showers, soaking tub & custom vanities. Guest suite w/ water views. 3rd bedroom privately located w/en-suite bath. Laundry room w/2 washers/dryers. Custom Sonos audio & Lutron lighting & shades. 2 Deeded Parking. 24-Hr Concierge & luxury services, fitness center, pool & spa. Located across from Greenway & steps to Boston, Seaport & major transportation.
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:
|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.
It is that time of year again for good weather, boating and enjoying Boston’s Waterfront. Many of our clients ask for information regarding the neighborhood marinas. Slips are going fast so reserve your boat slip today! – Gianni DePalma
Here are some of our suggested Marinas on Boston’s Waterfront:
Union Wharf Marina
Dan Flaherty – 617.742.1647
Seasonal Dockage (May 1 – Oct 31, 2012)
Contact Onsite Management Office for Daily/Weekend/Weekly/Monthly Dockage for rates and availability.
Lewis Wharf Marina
Raleigh Eastwick – 617.523.2313
Seasonal Dockage (May 1 – Oct 31, 2012)
Completely full now. Marina renters usually have use of the pool and pay the following:
$155/Foot up to 35 Feet
Water and electric are included
Burroughs Wharf Marina
Jim Richards – 617.523.8188
Contact Jim for more information for sale/for rent
There is an annual charge of $1,000.00 for a deeded slip
Rowes Wharf Marina
Kristin McLaughlin – 617.748.5012
One slip will fit a 52’ yacht
The other slips hold boats in 40’ and smaller
$200.00/Foot + electric
Constellation Wharf Marina
Slips can hold boats 25’-70’
Seasonal Dockage (May 1 – Oct 31, 2012)
$140/ft. includes electricity, water, wifi and access to bathrooms.
Parking is an additional fee
Due to the mild winter, many owners in the Waterfront / North End neighborhood have decided to put their properties on the market earlier than normal. Even regardless of the unusually warm weather, the market appears to be getting stronger. We have seen an influx of both motivated buyers and sellers in the marketplace of late. While typically New Englanders are battling the elements at this time of year, we have had the luxury of a mild winter, making it much easier for buyers to look at potential Boston waterfront properties and for sellers to showcase their homes.
At CL Waterfront Properties, we have a very positive outlook for the housing market in 2012, and urge sellers not to delay – put your home on the market as soon as possible! Within just the first two weeks of the year, there have been ten new properties listed in the Waterfront / North End neighborhood, and there are currently seventeen properties that either have accepted offers or are under agreement. It’s an exciting time to be involved in luxury Boston real estate! For more information about the selling and listing prices for the Waterfront/North End in the near year, please contact Scott Accorsini today.
With the holidays right around the corner, sales activity for Boston waterfront properties has increased. Not only has this activity been a trend along the Waterfront, November marked the fifth straight month in which home sales have improved nationwide, according to an article in the Boston Globe, December 22, 2011.
Real estate professionals agree that sellers have become more realistic about their Boston luxury condos‘ values. The Boston Globe recently quoted Sheryl Simon, a Principal with Benoit, Mizner, Simon & Co., about this topic: “The sellers have now realized that they are not going to get the prices their neighbors got in 2005, 2006, 2007”. Not only have home sales increased, but cash buyers are up about 30 percent compared to this time last year.
Whether you’re a cash buyer or taking out a mortgage, now is a great time with to buy, with motivated sellers and rates in the low 4’s. Don’t hesitate – contact CL Waterfront Properties today! Happy Holidays!
By: Chris Smith
14 million Americans used QR codes this past June alone, according to a recent ComScore study – and useage is rising dramatically. You’ve probably already seen QR codes, although you might not know exactly what they do or what purpose they serve.
QR codes work a lot like the bar codes you see on items in the grocery store – with one major exception. Bar codes store minimal info about an item, typically the stock number and often also the price. QR codes are keyed to a specific URL – so they can take you with a quick scan of a smartphone to the web address of an amazing Boston luxury condo! We have been using QR codes for quite a while now, on pretty much any printed material we generate. The codes are a very simple and useful way to give people access to more information than you can share with someone in print – and by bringing people to your website, you can interact with them on a much more personal, social level.
Click the QR codes you see on listing sheets in the window of our Waterfront offices, on materials you print from this site, and on brochures you see at our open houses to go directly to full details about any of our fabulous Boston waterfront properties. To find out more about the luxury Boston real estate we represent or to learn more about how we use technology to help our clients sell for top dollar or find the perfect new home, contact CL Waterfront Properties today – or scan one of our QR codes with your smartphone!
It was a joyful occasion on the Prado on Sunday, filled with Christmas cheer and holiday spirit during the Macy’s Enchanted Christmas Trolley Tour and Tree Lighting presented by the City of Boston.
Men, women and children of all ages gathered together in the North End to observe the Tree Lighting with Mayor Tom Menino and welcome good ol’ Saint Nick.
The event featured a fantastic holiday scene as the trolley tour stopped by the Paul Revere Mall area with an assortment of carolers, caracters and North Pole inhabitants.
The New York Times recently showcased our listing of Penthouse 108 at Channel Center in their prestigious Great Homes and Destinations feature. Listed by Carmela Laurella, this fantastic 3 bedroom, 3 bathroom condo is offered at $1,350,000. The Seaport District is home to some fantastic luxury Boston real estate, and Channel Center is one of the best buildings in the neighborhood.
The Times piece spoke very highly of this unique penthouse, mentioning such amenities as the 144 bottle wine storage unit, double ovens and private balcony. The master bedroom offers views of Boston Harbor, and the building’s amenities include a full-time concierge and deeded garage parking. CL Waterfront Properties is proud to have our exclusive listing featured in the Grey Lady – read the full New York Times article here. To find out more about Boston waterfront properties such as this fine example, contact CL Waterfront Properties today.
According to a Boston Globe article* published this morning, area developers are going before city officials this evening to seek approval to build several new residential towers. The creation of these new structures would add more than 1,400 units to the city. Low interest and vacancy rates, coupled with the high lease prices brought about current market conditions, have created an outstanding opportunity for developers to capitalize on large potential profits. Luxury Boston real estate is no longer limited to brownstones and waterfront condos – rental units in luxury developments across town are a hot ticket in today’s economic climate. Developers are eager to take advantage of this opportunity to build throughout the city, and to bring in higher profits than have been possible over the past several years.
The five proposed projects include a 404-unit apartment tower on Stuart Street; 318 back bay luxury apartments in a high-rise at Copley Place; 240 units along the Greenway in rapidly up and coming Chinatown; a 236-unit tower in the Seaport district; and 210 units in prime space on Boylston Street in the Fenway.
Mayor Thomas Menino commented that he and other city officials now receive proposals for residential development projects nearly every day, something he said has not seen for several years. According to George Fantini, chairman of mortgage banking firm Fantini & Gorga, “There has never been a better time in the last 40 years to develop a multifamily project in Boston.”
For more information about luxury Boston real estate developments, please contact Scott Accorsini or CL Waterfront Properties for more information. Our team of Boston real estate experts will be happy to help.
*Source: “Building Spree” by Casey Ross, Boston Globe 11/17/2011