Boston is on pace this year to see several hundred closings for luxury residential deals, mostly due to a handful of developments in a few neighborhoods. Here’s a rundown.
Pierce Boston. The developers behind this 30-story, 340-foot tower in Fenway announced in late May that all 109 of its condos had sold for an average closing price of $1,525 a square foot—an unusually high figure for the neighborhood. All of the closings occurred during the first five months of 2019.
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One Dalton. Boston’s tallest new tower since 1976 is expected to open this summer in Back Bay. Most of the 742-foot tower’s 174 Four Seasons-serviced condos have already sold, with closings to come. Prices started in the low millions and ran into the tens of millions.
EchelonSeaport. This three-building complex in the Seaport has 448 condos total, and the first tower—133 Seaport, a Regent Collection—is expected to open this year with 255 units. Studios started in the $700,000s.
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Pier 4. This nine-story Seaport District development has 106 units—never mind some snazzy steps—and opened in May. Two of its penthouses set a Boston sales record, closing for $4,180 a square foot. Also, the 2,255-square-foot Unit 7C there closed in mid-May for $3,000 a foot.