The 29-story tower planned for 2 Charlesgate West will bring 173 new apartments to the area, as well as 122 condos and some office space.
Developer Trans National Properties is hoping to create an iconic new landmark in the city, that will serve as an eastern gateway to Fenway.
The three small buildings currently on the site will be demolished to make space for the completely iconic new development.
While specific details of the units have yet to be released, the building will also include a ground floor restaurant, parking spaces and resident amenities such as, outdoor terraces and grilling stations.
This development would be the latest in a number of new projects hoping to create major change in the Fenway neighborhood. Including the Van Ness luxury apartments and The Pierce.
Along with the development there will be new lighting and artwork installed beneath the Charlesgate overpass nearby. This will be done in collaboration with Artists for Humanity and the Boston Art Academy.
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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.
The speed of the current housing market is no secret, but depending on what neighborhood you’re buying or selling in, this speed can vary.
NeighborhoodX has put out a report looking at the speed at which condos in various Boston neighborhoods have sold.
By analyzing transactions from various Boston neighborhoods in the month of July and looking at data from the number of days condos were on the market, they were able to create a list of the fastest-selling neighborhoods.
Price also played an important factor in this analysis. The neighborhoods where condos spent the fewest days on the market had an average price of $450,000. The average selling price in Back Bay where the average days on the market were the longest, was $1.7 million.
For years the Downtown Crossing area has been a popular shopping destination, with plenty of retail and restaurants, but very little residents.
The transformation of this area into a more residential space started when Emerson College began building housing off Washington Street just a few years ago. Since then, developments have increased dramatically.
The iconic Millennium Tower has just been completed and the new development at Winthrop Square is expected to be complete by 2020. There have also been speculation about a skyscraper on Bromfield Street, however no plans are finalized for that space.
The Downtown area is always busy with a diverse mix of tourists, shoppers, residents and those working in the area. This diverse mix is only increasing with the added residential space, making for a very lively and inviting neighborhood.
Plenty of factors keep this area accessible to everyone and will prevent it from becoming solely sterile condo buildings.
The Millennium development at Winthrop Square Garage alone will bring a great hall with restaurants and retail and plenty of public space.
By the time these new developments are complete the city hopes to have a clearer picture of the future of this neighborhood, but it is clear right now that it is going to create a more residential, neighborhood feel in the heart of the city.
Doorbell is a new app developed by Harvard students hoping to connect building residents with one another and coming to Boston this September.
This multifaceted property management app focuses on creating quality co-living experiences with building residents, according to Bostinno.
The platform has already been tested in New York City and given developers a good idea of what residents really want before they launch in Boston this fall.
Doorbell allows residents in a building the opportunity to communicate, share goods and services, coordinate building events and other interactions. The inspiration comes from co-living environments and attempts to replicate the opportunities that stem from communal areas in buildings that may not have the same amenities.
Local stores and restaurants will also have the opportunity to become involved, by offering nearby residents special discounts and perks.
As for property managers who make use of the app, they will have functionalities such as ways to handle maintenance requests and rent collection.
Doorbell is first planning to launch in Cambridge and Somerville this fall, in Holden Green, Peabody Terrace and 45 Concord Ave. While Holden Green is a large development with 483 units, 45 Concord only has about 50 units.
In the future the app plans to expand to Fenway, particularly some of the new construction projects, where it would benefit from starting fresh with a new development and new residents coming in at the same time.
Architectural robotics are being tested at new residential developments in the Seaport, hoping to maximize the always decreasing square footage.
At the Watermark Seaport a 481-square-foot studio is testing out this new technology that makes small spaces like these feel bigger and more practical, according to Boston.com.
The luxury unit features a kitchen space along one wall, a bed area, living room space, floor to ceiling windows and high-end finishes.
The unique aspect is actually hidden within what appears to be a wall separating he bedroom and living room space.
On the side of the wall is a control panel, allowing the wall to be moved to the left or right, making either the bedroom space or living room space bigger.
Built into the movable wall are cabinets, closets, a pull out desk and even a space for the bed to slide in. These additions allow you to quickly tuck the bed away and transform the space into an office, or larger living space.
Called architectural robotics, this technology quickly and easily makes the most use of your space depending on your individual needs at any time and is conveniently controlled from your phone or the button.
Not only does it divide the space, but it unlocks potential for smaller spaces, especially since these size spaces are becoming increasingly popular on the market.
These technologies are currently still being tested at the Watermark and other cities around the country, but the developers at Ori Systems are hoping to get into real homes in 2017.
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Four of these six projects are residential and will bring new housing units to many areas around Boston.
One of the largest scale projects to gain approval is the second phase of Waterside Place in Seaport.
This development on the South Boston Waterfront has been a work in progress since 2007 and although it has been altered many times it will finally be adding on to the current development that opened there in 2014.
The next phase will include 307 rental apartments across a 23 story building adjacent to the current development.
Apartments will range from studio to three bedrooms, with 62 ‘innovation units.’ These units will be smaller than the rest, but benefits from the building’s communal amenities.
Along with the residential development will be 3,500 square feet of retail space.
As a part of the Massport property, Waterside Place benefits from great connections to public transportation with MBTA’s World Trade Center Silver Line stop right next door. South Station is also very close by.
Construction is scheduled to begin at the beginning of 2017 and be complete by early 2019.
Luxury amenities in apartment and condo buildings are going far beyond the average gym or pool in order to compete with a large number of new developments and to attract interested residents.
Developers of new constructions in Boston are offering customized top-of-the-line amenities both within the units and throughout the buildings to both attract buyers and transform the building from just somewhere to live, to somewhere that compliments residents’ lifestyles.
The demand for creating an innovative space has surpassed the demand for over the top amenities of the past, such as bowling alleys and golf stimulators, according to Market Watch.
These are being replaced with more thoughtful additions and finishes, including private parking spots and other amenities that are focused on personal comfort and wellness of residents.
Modern amenities now resemble features that can be found in high end hotels, and resorts with luxuries hoping to enhance quality of life. Some of these include spas, high-end gyms, BBQ, community areas and high-end air and water filtration systems.
These additions are becoming the new normal with new developments throughout the world and the high-rise boom in Boston.
Pierce Boston is an iconic new construction that has begun to offer private sky cabanas for residents on the rooftop as well as a common roof deck open for all residents.
Credit: The Boston Globe
Other new developments such as The Eddy in East Boston is offering residents a dog washing station and interiors that focus on sustainable living with smart thermostats and energy star-rated appliances.
Even buildings offering more basic amenities are making sure they are completed to the highest level of luxury.
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