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103 Arch Street Joins the Financial District Just in Time

It's not quite a Millennium Tower or a Millennium Place (Millennium!) in neighboring Downtown Crossing, but 103 Arch Street has started leasing. What's 103 Arch Street, you say?

Recall that not even a year ago the five-story address traded from the Franciscan Friars of Holy Name Province to real estate investors for $2.2 million. The 19-unit building had been used as a retirement home for friars, though the top tonsures realized that 103 Arch held "a certain location value" in Boston. Voila the sale!

The property has now been transformed into an apartment building that's just in time for all the chatter about a Financial District renaissance to be realized. The apartments at what's been redundantly dubbed FiDi Downtown Residences run from studios asking $1,750 to $2,550 to 1-BRs wanting $2,300 to $2,550 to 2-BRs (part of one of which is pictured above) asking $3,800 to $3,950. Now that puts the financial in Financial District, huh? Huh?
· Website: FiDi Downtown Residences [Otis & Ahearn]
· The Little Financial District That (Maybe) Could... [Curbed Boston]