Uncategorized July 5, 2020

Seaport District And High-End Condo Developments: St. Regis, Pier 4, Echelon, 10 Farnworth

The Seaport District

The Seaport District is the hottest area in Boston and one of the highest demanded for real estate. The Seaport is a new area basically created from scratch and was mostly composed of parking lots and vacant warehouses. It wasn’t until 2010 when Former Mayer Thomas Menino launched a plan was to take approximately 1,000 acres of underdeveloped land on South Boston’s waterfront and create a “work/live/play” environment designed to attract entrepreneurs and foster innovation within the city’s technology community, called “the Boston Waterfront Innovation District.” The Seaport District did have an influx of startup companies but more importantly has become the destination for industry leading corporations, such as GE, PwC, Reebok, Vertex Pharmaceuticals and Amazon.

Large corporations relocation into the Seaport has lead to major commercial development. The Seaport is now almost fully developed and is becoming more and more vibrant with every new residential and commercial development. These premium developments also create an abundance of new restaurants and retail.With easy access to The Financial District, The Green Way, South Station and Logan International Airport, the Seaport is in a great location and an excellent place to own real estate.

The Seaport District is thehighest demandedand one of the most expensive residential neighborhoods within Boston. Key reasons are:

  1. The prime waterfront location.
  2. It’s scarcity of available condominiums, due to the limited amount of developable land.
  3. It’s high quality, high-end residential developments.

There are four remaining residential condominiums developments, which are currently being sold and are the last opportunities to purchase directly from the developer: The St. Regis, Pier 4, The Echelon, and 10 Farnsworth. Please see below for more information and contact me if you would like more information, pricing, or showings.

ST. REGIS 

St Regis Condominiums is pre-selling 114 ultra high-end waterfront homes between Pier 4 and the World Trade Center on the last buildable residential parcel on the Seaport. Construction is set to commence in 2021. These premium residences will receive the best in class services St. Regis hotels offer worldwide, however, there will be no hotel component.

Homes feature contemporary fixtures with floor-to-ceiling panoramic windows, walk-out or Juliet balconies on every floor, wide plank oak floors. Units without balconies have electric glass floor-to-ceiling sliding windows, which are a great feature and especially for the waterfront facing condos. Open style kitchens feature custom Italian-manufactured cabinets, Gourmet Wolf and Sub-Zero appliances with wine storage, and marble counters and backsplash.

The building will feature the entire 4th floor of amenity space offering a little bit of everything: pool with sunbeds and Jacuzzi, state of the art gym, Remède Spa, golf simulator room, and a Private Lounge and bar overlooking the harbor.

This is the most premium development on the Seaport and will be one of the best buildings in Boston. With 62 different floor plans, most homes are unique. Current pricing has one beds starting at $1,700,000. One-bedroom apartments with a study are starting at $2,400,000. Two beds with a study are $2,900,000. And you can get water views in the low $3m range.

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PIER 4

Built on a Pier, New York-based developer Tishman Speyer developed 106 luxury boutique residences that offer unobstructed harbor views from every unit. Each residence is meticulously designed to offer innovative, contemporary finishes and open living concepts.

Each residence at The Pier 4 Condos Seaport will boast floor-to-ceiling glass walls with plenty of natural light on all sides. Condos feature gourmet kitchens and private balconies, top of the line appliances, hardwood flooring, sleek bathrooms, designer washers/dryers, central air/heat all year round, and elevator access.

Pier 4 Luxury Condos will also feature superb unparalleled amenities: five star concierge services, 24 hour doorman, valet parking, beautiful lobby, private fitness and wellness center, virtual golf, pet spa, pet walking services, a private entertaining lounge, and a gorgeous common park with direct ocean and city views.

Pier 4 Luxury Condos for sale offer 1, 2, 3, and 4 bedroom residences. 2-bedroom units start at $2.5m, 3 are available starting at $3.7 million. The PHs will offer private roof decks with stunning water views of The Boston Harbor and beyond start at $5.9m.

http://www.pier4boston.com

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ESCHELON

Echelon Seaport is 1.33 million-square-foot development comprising of 447 condominium units in two tiered towers, with an additional 270 rental apartment units in a third building.

It designed by CBT, KPF, and Jeffrey Beers International, and will be completed in 2020. This development will have 2 levels of spectacular retail and restaurants and is part of the Seaport Square Development.

An astounding 50,000 square feet of indoor and outdoor amenity space designed by Jeffrey Beers International. Amenities include: 1 indoor and 2 outdoor pools as well as state-of-the-art fitness facilities, indoor basketball court, golf simulator and yoga studio. The Club Level features a fireplace lounge, private dining room, and outdoor terraces with grill stations and fire pits. Residents will enjoy services including 24/7 concierge, doormen, and 24/7 Valet Parking.

Units will have excellent finishes including white oak plank floors throughout, open kitchen with custom Italian cabinetry, Thermador integrated appliances, and spa-like marble bath.

Currently on the market studios start at $804,000. One beds at $1,140,000. Two-beds start at $1,525,000. There is a three-bed on the market at $3,450,000 and a Penthouse for $5,768,000. Pricing is based on MLS listing and will change. Call me for the most updated prices.

https://echelonseaport.com

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10 FARNSWORTH 

10 Farnsworth is a luxurious boutique development with 9 residences in the vibrant Fort Point neighborhood of the Seaport District. The units feature wide-open floor plans surrounded by floor-to-ceiling windows. The finest materials and superb craftsmanship have gone into every detail of these dramatic homes. These residences enjoy direct elevator access, an on-site garage with automated parking system and 1,765 square foot communal roof terrace with an outdoor kitchen, dining and lounging areas.

State of the art Chef’s kitchens feature Carrera counters, Italian cabinetry by Arclinea and appliances by Sub-Zero, Wolf and Asko, including a fully vented 6-burner gas range. Master-suites are well appointed with expansive wardrobes and ultra-luxurious en-suite bathrooms with walk-in showers and a sculptural freestanding tub. Central-air, gas fireplaces and radiant flooring ensure comfort all year round. Complete and customizable state of the art Smart Home technology allowing for full automation control of media, lights, music, blinds and security and entry systems.

There are only two 3-bedroom units left on the market. 2A is offered at $2,799,000 (2,113 Sq. Ft) and 5B offered at $2,995,000 (2,125 Sq. Ft). This is one of my favorite developments on the Seaport. Offered around $1400/Sq. Ft, I believe these condos are the best value on the Seaport.