Big Changes Coming to Boston's Skyline
There are currently about 70 projects under construction throughout the city, according to the Boston Redevelopment Authority. About 68% of those projects are residential. As BRA Director Brian Golden said: “We’re going through what is arguably the biggest building boom in the history of the city of Boston.”
Amongst this boom, we are seeing the number of high rise towers increase. They’ll be rising downtown, on the waterfront and at the edge of the Back Bay. Several could rival the height of the John Hancock or Prudential building. They’ll contain plenty of office space, but also residences, hotels, retail shops, and research labs. This once quaint little city is starting to catch up to the big boys.
If you are looking to buy a luxury condo in Boston, now is the time. Three years ago, the Millennium Place development was considered a litmus test for luxury condo construction. Would buyer's actually pay upwards of $1,500 per square foot to live downtown? Well the answer is, yes. Millennium Place sold out last March and their newest development, Millennium Tower, arguably the most anticipated project in Boston, is already 80% sold, with a year to go before it's official opening.
This trend has no signs of stopping as international money continues to flood Boston. Total foreign investment in Boston’s commercial properties more than doubled to $10.4 billion through last September, up from $4.7 billion during the same period in 2013. The surge put Boston sixth in the world in the amount of money it attracted from foreign sources, behind only London, New York, Tokyo, Paris, and Los Angeles, according to Jones Lang LaSalle Inc., a real estate services firm.
The Boston skyline as we know it, will continue to be redefined as these projects, and new ones, break ground.
Millennium Tower Boston, at 685 feet, is the tallest residential building in downtown Boston. A shimmering glass sculpture in the sky, it boasts unrivaled views never before seen from a private residence. It is the most anticipated residential project in modern Boston history. The city’s first "neighborhood in the clouds."
Millennium Tower will consist of 450 luxury residences, ranging from 1 to 4-bedroom, and 95,000 square feet of additional retail space on its lower floors. The 56-story glass tower will also include an underground parking garage. Millennium Tower has already sold 80% so now is the time to buy!
Pier 4 Residences
Surrounded by water on three sides, the collection of boutique residences at PIER 4 will have lush public spaces, convenient retails and dining options, luxury amenities and sustainably designed living spaces. Find your perfect retreat in Boston Harbor’s most aspirational new community. The building will be nine stories and 118 feet high; there will be 16,800 square feet of ground-floor retail and a two-level underground parking garage.
The Lucas at 136 Shawmut Ave, is an exciting, new construction condo building in Boston's South End. The project will transform the former 1874 German Trinity Catholic Church into a boutique, eight story condo building with 33 luxury residences and 30 parking spaces. Condos will feature contemporary, modern, luxury custom kitchens, high-end finishes, gas fireplaces, and high-tech smart home systems. Building amenities include a concierge, gym, lounge, garage parking and common courtyard.
Forecaster 121 is a boutique style condominium building combining modern finishes and amenities with the historic architecture of the original Forecaster Raincoat of Boston warehouse. Each of the 80 distinct condos will delight you with their understated elegance, high-style finishes, and unique character details. Intriguing design features such as exposed brick walls, tall ceilings, Juliette balconies, private terraces, sun atria, and loft-style elements will satisfy your desire to live in a home that’s truly unique. These new residences feature 24-hour concierge and 24-hour valet services, a fitness room, a meeting room, and best of all; a location at the intersection of everything.
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