Archives for Boston condo development news
W Hotel & Residences giving away million dollar condo
The W New York Downtown Hotel & Residences has come up with a unique way to advertise its project. It’s giving away one of its condos, for free.*
HGTV is offering a one-bedroom/one-bathroom, ~940 square foot, 33rd-floor home to one lucky winner. Its value is estimated at $1.535 million.
Boston Redevelopment Authority approves multiple projects and developments
The Boston Redevelopment Authority worked at a feverish pace at its meeting, last night, approving many commercial and residential real estate projects.
The projects include a 408-unit hotel in the South End, a 22-story office tower near Bay Village, an affordable housing apartment complex near Dudley Square, and a 21-story office, residential, and retail development to be located in the Seaport District.
Third W Hotel & Residences facing financial trouble
In a sign of the times, a third W Hotel & Residences is in trouble.
The Atlanta Business Chronicle is reporting that the W Atlanta-Downtown condo and hotel mixed-use development is facing foreclosure. The W Boston Hotel & Residences filed for Chapter 11 bankruptcy in April 2010 but the hotel remains open and sales have continued of the 122-unit condominiums, located above.
45 Province listings hit MLS, news sales team on board
A number of new listings in the 45 Province condo project have been entered into our local MLS.
Thirteen listings are now in MLSPIN, ranging in price from $499,000 for a 15th-story, 535+/- square foot studio to $3,999,000 for a 30th-story, penthouse home with two-bedrooms, two and ½-baths and 2,471+/- square feet of space.
The Clarendon : Back Bay has 29th closing, $1.595 million sale
The 29th closing of a condominium at The Clarendon was recorded today at the Suffolk County Registry of Deeds.
The unit is a 21st-floor, two-bedroom, two and ½-bathroom, 1,525+/- square foot condominium. The purchase price was $1,595,000 and included one garage parking space.
45 Province has first closing in months, now 12 percent sold
Showing renewed strength, a closing was recorded last week at the recently-completed 45 Province luxury condominium project, in the Downtown Crossing neighborhood of Boston.
An eleventh-floor, one-bedroom, one-bathroom, 691+/- square foot condo sold on April 28 for $419,040.
Boston and Arizona W Hotel and Residences both in trouble
The W Hotel & Residences, Boston, filed for Chapter 11 bankruptcy, today. It joins the W Hotel & Residences, Scottsdale as a second W Hotel to get into financial difficulty. Although the hotels will continue to operate and condos will remain on the market, the similarities are stark.
The Clarendon : Back Bay records 27th closing, $1.315 million
The 27th closing at The Clarendon Back Bay was recorded, yesterday. The purchase price was $1,315,000 and included one garage parking space.
With the latest sale, the building is 26.21 percent occupied.
Unfinished business: a look at failed Boston real estate developments
Paul McMurow is out with his weekly column in the Boston Globe. This time, he focuses on several of the failed developments in the city – construction planned but never started.
W Hotel and Residences Boston records 12th closing
The Boston luxury real estate market continues to gain steam.
Another condominium sale in the W Boston Hotel and Residences was recorded at the Suffolk County Registry of Deeds, today, the twelfth in the newly-constructed building.
