Luxury amenities in new developments are becoming more common and increasingly important to residents and developers.
One of the top amenities seeing a major increase throughout Boston is upscale restaurants built into new residential developments.
By incorporating a restaurant into a luxury residential development, they are adding another level to the generic high-rise and making it into a community and giving residents easy access to another high level service.
Many new developments in Boston are bringing in luxury brands and head chefs to up the ante and attract more residents.
One of the largest scale developments utilizing this is Millennium Tower in Downtown Crossing. PABU, led by award-winning chef Michael Mina, will open in the building this fall, but residents will also be able to experience the delicious cooking privately in the building’s owners’ lounge. Pre-measured ingredients will also be available for residents who prefer to cook on their own.
The Van Ness in Fenway is hoping to become a dining destination with several chef driven restaurant concepts and Porto has just recently opened in the Avalon in Back Bay.
Ink Block is a major complex in the South End that has really focused on creating a neighborhood feeling within the development, including opening Bar Menzanna, designed with residents and the success of the restaurant in mind.
By giving residents not only close access to highly sought after chefs and restaurants, but also the ability to gain private access or extra privileges is something that makes their new home even more valuable.
High rise development in Boston is booming and with more people spending more money on dining out, this was the logical step for most developers to make.
Located just 2 miles Northwest of Boston, Somerville presents a unique opportunity for anyone looking to live right outside the city. The massive Assembly Row project has really put Somerville on the map in recent years. It is home to apartments, office space, retail, restaurants and recreational areas. When it is all said and done, the project has the total potential for nearly 2 million square feet of office space, a hotel, the first T station added to the MBTA system in over 20 years (Assembly Station on the orange line), up to 2,100 residential units, almost 10 football fields of shopping and a six-acre riverfront park. Last week, Federal Realty Investment Trust announced as part of their Quarterly Report that they will be moving forward with Phase II of the project. According to Curbed this next phase will include, 447 luxury apartments, 117 luxury condos, a 155-room boutique hotel, 167,000 square feet of retail space, and a 700,000-square-foot office building that Partners Healthcare is constructing.
The existing phase of Assembly Row already includes nearly 40 retailers from outlets to big box, over 10 restaurants & eateries, a movie theatre, numerous offices and the Avalon at Assembly Row Apartments. There are almost 200 apartments there and range from Studios to 3 Bedrooms. They currently only have availability in 1 or 2 Bedroom apartments and they range from $2,700 to $4,100 per month depending on the plan and location. These 200 apartments are just a small piece of the over 2,000 proposed residential units. Somerville is already the most densely populated city in New England and 15th most densely populated in the entire U.S. as of the 2010 census. With the continued expansion and buildup of more residences, the small 4 square mile city will only become more dense. But with the easy access to the T and 93, the convenience and value still rains supreme.
Below is a quick video with detail on Avalon at Assembly Row…