New Developments

“The Davis Companies Celebrates the Groundbreaking of $170 Million, 138 Unit Condo Building in Boston” by Boston Real Estate Times

BOSTON — The Davis Companies hosted a groundbreaking celebration to launch 100 Shawmut, the South End’s newest collection of thoughtfully designed luxury condominium residences slated to open in Fall 2020.

100 Shawmut is the first of three abutting projects, collectively approved by the Boston Planning and Development Agency, to commence construction. Speakers included Martin J. Walsh, Mayor of Boston, Jonathan Davis, Founder & CEO of The Davis Companies, Steven Chin, Senior Pastor at the Boston Chinese Evangelical Church, and Paul Chan, President of the Chinese Consolidated Benevolent Association.

“Today, we celebrate the groundbreaking of 100 Shawmut – a project realized through a unique partnership between The Davis Companies, the Boston Chinese Evangelical Church and the Chinese Consolidated Benevolent Association,” said Jonathan Davis, Founder & CEO of The Davis Companies. “Our collaboration has yielded a dynamic development for the historic South End and this innovative property will ensure that our Chinatown-based non-profit partners will be able to serve the community for years to come, in addition to bringing new housing and jobs to our city.”

Located at the intersection of Herald Street and Shawmut Avenue, the $170 million, 13-story, residential project is comprised of 138 condominiums, including studios, one, two, three- and four-bedroom units, many featuring a den space.

When 100 Shawmut is completed, the 232,000 square-foot property will seamlessly integrate the historic character of the original 1920’s facade with a newly constructed glass structure designed by The Architectural Team (TAT). The building will have a number of private balconies offering sweeping vistas of the city. EMBARC Studio, the interior design team, has created a modern approach to the interiors with a mixture of white oak wood detailing and textural stone conveying a warm, neutral color palette, transitioning and merging the neighborhood architecture with a fresh, new interior.

The building will have a comprehensive amenity program that includes 24/7 concierge, private parking, a private dining/conference room with an entertaining kitchen, a great room, a billiard room, an activity lounge, library, fitness center, dog wash station and children’s playroom. The Penthouse features an indoor and outdoor residents lounge, and a rooftop sky lounge equipped with gas grills and fire pits. 100 Shawmut also houses 3-levels of enclosed private parking containing 112 spaces for residents.

“100 Shawmut presents a rare opportunity to live in a stylish, new condominium building in the South End, one of Boston’s most sought-after historic neighborhoods,” said Janice Dumont, CEO of Advisors Living.  “The definition of modern luxury has just been elevated. The comprehensive amenity program, along with the building’s incredible views, private outdoor spaces and the availability of three-and-four- bedroom residences and penthouses creates a new lifestyle experience in the heart for the city for homeowners. We are privileged to be the exclusive brokerage firm for The Davis Companies on this unique property.”

The Davis Companies will be making a $15,000,000 contribution toward the creation of Inclusionary Development Policy (IDP) units in an escrow account controlled by the BPDA for the benefit of the CCBA Building. In addition, The Davis Companies has committed $200,000 to various community programs.

Suffolk Construction is the general contractor for 100 Shawmut.  The Architectural Team, Inc. located in Chelsea, MA is the design architect and EMBARC Studio, located in Boston has designed the interiors. Copley Wolff Design Group is the landscape architecture firm for the project. Engineers for 100 Shawmut are McNamara Salvia, WSP and  Howard Stein Hudson Associates.

The project is financed by a $105,000,000 construction loan from M&T Bank with participating lenders that include Berkshire Bank, HarborOne Bank, Needham Bank, and Bank of New England.

The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $6.2 billion in gross asset value through real estate equity, debt and fixed-income securities. A combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 10.2 million square feet of office, retail, hospitality, light industrial, healthcare and life science properties and approximately 5,000 residential units across the Eastern United States.

Advisors Living is a full service luxury real estate lifestyle and brokerage company representing residential, new development, and leasing clients. Our team is committed to exceptional service and delivery and our depth of experience is unparalleled in today’s market. The properties we represent include Pier 4 in the Seaport, which has achieved the highest price per square foot to date in the City of Boston. New development sites extend as far north as Newburyport and as far south as Westport with a strong presence in the metro west and Boston markets.

These Are the Eight Most Expensive Homes for Sale in Boston

by Madeline Bilis, Boston Magazine

 

The Archer Residences

 

1. 45 Temple Street #1, Boston
Price: $18,000,000
Size: 5,998 square feet
Bedrooms: 4
Baths: 5

Meet the Archer Residences, 67 very fancy units coming to Beacon Hill in the near future. The Archer’s penthouse, which is currently the most expensive home for sale in the city at a whopping $18 million, is poised to be architectural marvel when it’s completed. Both levels of the home are connected by a floating wood-and-steel staircase enclosed by glass—and the shiny glass accents don’t stop there. Floor-to-ceiling sliding glass doors in the main living area open directly to a rooftop terrace, where there’s a Jacuzzi and an infinity-edge pool.

New residential buildings are full of amenities, but oh that pretentious name

al_nameblog_image

By Nestor Ramos | The Boston Globe

Welcome to Boston, tech wizard/financial planner/GE executive! Your new apartment has elegant fixtures, stainless appliances, underground parking, a fireplace, and a view of the harbor in a gleaming new building.

But that name, though.

All over Greater Boston, luxurious new living quarters are sprouting up like gleaming, modernist weeds. And a lot of them, for reasons that aren’t entirely clear, have names. Not names like the apartment building you may have grown up in — “23 Stanley Street” — but Names. The Eddy. VIA. TROY. The Kensington. Watermark. Alloy. The Allele.

The Allele.

Allele is, of course, Adele’s less talented younger sister (you may have heard her hit song: “Hello. It’s me . . . Allele”). No, that’s not right. Since most Americans are fluent in the chromosomal genetic science, we obviously know that an allele is (Googles frantically) a different version of a gene.

Somewhere along the way, we started naming our cats like people and our people like cats. “Meet my son, Plank, and my cat, Bruce.” Now we’re naming our apartment buildings like swanky hotels. Pretty soon hotels won’t even have names, just a picture of a buffalo that looks like a caveman drew it.

“It gives them a little panache,” said Mary Kelleher, a real estate agent with Gibson Sotheby’s International in Boston. “You can say to me ‘150 Dorchester Avenue,’ and you’re like ‘Where the hell is that?’ ”

And because the marketing of high-end apartments and condos sometimes hinges on a little panache, the names race is on.

“We’ve named quite a number of projects,” said Javier Cortes, partner and creative director of KORN Design, a brand strategy and design firm in Boston. “The process involves a fair amount of research — we try to honor the place and its history.”

Remember the “Mad Men” episode where Don Draper sells a slide projector with a speech so thoughtful and impassioned that it sent an ad executive scurrying away in tears? It’s sort of like that, but for high-rises. Cortes and his team whittle down a list of maybe a hundred names to about a dozen that they bring to their clients.

“You want to make sure the name is memorable, applicable, not too hard to pronounce,” Cortes said, and then you have to scan for “egregious meanings in other cultures” — the classic (and largely apocryphal) Chevy Nova problem, in which Spanish-speaking countries allegedly declined to buy a car named “doesn’t go.”

KORN named the Liberty Hotel — it seems obvious now, but when it was an abandoned, rat-infested jail next to the hospital, it didn’t scream “luxury hotel” or “liberty.” Alloy, at Assembly Row in Somerville, was so named because it represents the “fusion” of Boston and Somerville, Cortes said, and echoes the area’s industrial history.

The Eddy, he said, emerged from historical research and calls on three different ideas. Eddy, most simply, sounds a little like Eastie, the neighborhood where the building sits on the water. Robert Henry Eddy, an architect and civil engineer, worked on various early maps of East Boston in the 19th century. And “eddy” describes circular movement in water running counter to the main current.

The Eddy.

“If you’re deciding where you’re going to live in Boston, choosing to live in Eastie is a little counter current,” Cortes said. “Here’s a building that’s on the water and runs counter current.”

Mind. Blown.

“It’s OK if you don’t know it on face value. It sounds cool and it works,” Cortes said. “We work hard to make sure there’s very deep meaning.”

But they can’t all be this deep. Right?

Lars Unhjem, vice president of development in Boston for Mill Creek Residential, said Modera Medford earned its name because “Modera” is Mill Creek’s flagship brand nationally (the Medford part is self explanatory).

Modera.

“No meaning,” Unhjem said in an e-mail, “just a word someone made up.”

“Some of it, honestly?” Kelleher confided, “we pull this stuff out of you-know-where.”

This all started happening in earnest during an earlier building boom, said Colleen Barry, chief executive officer of Gibson Sotheby’s International Realty.

“The units were getting scooped up. We weren’t really worried, per se, about whether they were going to sell,” Barry said. “What we were starting to think about was how do you distinguish one from another? The idea was to brand these so they each kind of had a different feeling.”

“It was the very early stages of a slightly different way of thinking about development,” Barry said.

As it happens, Kelleher credits Barry with naming The Allele.

The Allele’s name, Kelleher said, grew from a discussion about the building’s concept: All the best elements of loft living (high ceilings, open floor plans) without the drawbacks (sleeping in what is essentially the far corner of the kitchen; commune-level privacy).

“I think ‘allele’ is a biological term — the fusion of two elements,” Kelleher said. “I’m probably simplifying it. Maybe even bastardizing it.”

But not according to one of the world’s leading geneticists. Dr. Stephen Elledge is the Gregor Mendel Professor of Genetics at Brigham and Women’s Hospital and Harvard Medical School. He’s also a 2017 recipient of the Breakthrough Prize, which “recognizes paradigm-shifting discoveries in the life sciences, physics, and mathematics,” according to the Harvard Gazette. The board is a who’s who of tech billionaires, and the prize comes with $3 million.

In an e-mail that was surely a profound waste of his very valuable time, Dr. Elledge said collections of alleles account for differences between people — height, eye color, etc. Many of those differences aren’t inherently good or bad.

“I am ok with ‘Allele,’ ” Elledge wrote, emphasizing that the variation they’re referencing isn’t bad — just different. “In this case, I suspect they feel like their change is one for better.”

It is, by all accounts, a lovely place to live.

 

View full article here.

Mission Hill’s Mosaic sells all of its condos in under a year

Mosaic-Sales_html_082416_web_croppedAdvisors Living recently completed the sell out of 42 market-rate condominiums at the Mosaic on the Riverway. Closing prices averaged nearly $1,000 per square foot. Below  is an excerpt from Curbed Boston’s coverage on the new development success:

In October 2015, sales at Mission Hill’s under-construction Mosaic on the Riverway residential complex got underway. Some 85 of the 10-story building’s 145 units were slated as condos, with 42 of them market-rate and the rest below-market-rate (the remaining 60 units are designated as affordable rentals).

All 85 Mosaic condos have traded and closings have started.

As of Oct. 5, 11 condos have closed at an average price of $928 per square foot, according to Bldup.com. That is a not-insignificant sum for the neighborhood, but not all that high by new-development standards in present-day Boston.

Read the full article on Curbed.

545 East Third Street – New Condos in South Boston

The Boston Planning & Development Agency (BPDA) just approved a new 5-story condo building at 545 East Third Street in South Boston. Designed by Souza Architects, the building will include 18 condominiums, a 22-car ground-floor parking garage and on-site gym.

Rendering of 545 East Third Street in South Boston.

Rendering of 545 East Third Street in South Boston

The $8.5 million project, developed by South Boston’s Cedarwood Development, is situated on the corner of East Third and K Street. 545 East Third Street is conveniently located just one block from Stop & Shop and two blocks from an MBTA bus stop with direct access to Downtown Boston.

545 East Third Street is also located a few blocks from local Southie restaurants including Paramount (longtime winner of Boston Magazine‘s Best Brunch), Tasty Burger and Boston Beer Garden.

Looking to buy or rent in South Boston? Email us today and one of our neighborhood experts will help you find the perfect home.

545 East Third Street is ideally located in the heart of South Boston.

545 East Third Street is ideally located in the heart of South Boston

 

 

First Look at One Charlestown Proposal

one charlestown rendering

New renderings of the development One Charlestown have been released after being proposed to the Boston Planning and Development Agency.

The project will cost $1 billion and will transform what is currently a housing development into a mixed-use, mixed-income neighborhood.

The proposal includes 3,200 units and 13 blocks of apartment buildings that are waiting to be approved.

One Charlestown rendering

The development will be made up of a number of buildings with a mix of apartments and condos, ranging from six to 21-stories tall. Each building will have a tree-filled courtyard, retail shops throughout and single-story parking garages under each block.

The buildings’ designs have been carefully constructed by different architects to give them each a friendly and unique look.

Developments also include the addition of two new parks to the neighborhood.

Check back to find out more details about when One Charlestown will be constructed and any developments within the project.

Contact our advisors for more information or to learn more about all new developments throughout Boston.

BRA Approved Projects This September

BRA Approved Packard Crossing

The Boston Redevelopment Authority approved $211 million in development projects this September, including plenty of exciting, new residential development.

The BRA approved projects include:

32 Cambridge Street

One is a development in Charlestown at 32 Cambridge Street, which will bring over 150 residential units and commercial space to the neighborhood.

Situated right next to the Sullivan Square station, it includes the renovation of the Graphic Arts Finishers Building and construction of a new building on Rutherford Avenue.

Within the Graphic Arts Finishers building there will be three stories of lofts, ranging from studios and one bedroom units. The development will also include ground floor retail space and parking.

In the additional building there will be a mix of units from studios up to three bedrooms and additional amenities.

46 Wareham

Although this project was originally approved in 2015, the project has now changed and is moving forward.

The new plans include a six-story mixed use building that will have three levels of commercial space and 18 units for residential sale. Two of these will be designated as artist live and work space.

Packard Crossing

Amongst one of the biggest projects to be approved this month is the Packard Crossing project, which will be located equal distance from Boston University and the New Balance complex.

Construction will be spread across two phases and include two new buildings, brining over a hundred new residential units.

The first building will be a four-story courtyard style building and the second will be a six-story building.

This project also includes streetscape improvements, adding pathways open to the public and landscaped courtyards and terraces that are open to all of the residents.

Contact our advisors for more information about new developments around Boston.

488 Dot Luxury Condos Opening in Southie

488 Dot luxury condos

488 Dot luxury condos in Southie are scheduled to open to residents this September, emphasizing even more how the neighborhood is drastically changing.

The 33-unit building is not quite a high-rise, but is much different than what was originally found in the area.

The standout features of this new development lie in the phenomenal views, luxury amenities and prime location.

The fourth floor penthouses come complete with private roof decks and all of the units have features to brag about. These include, in-ceiling speakers, soaking tubs, gas fireplaces, heated parking, a fitness center and it is pet friendly.

The location is ideal, right in the center of the evolving Southie neighborhood, within close walking distance to both Broadway and Andrew T stops and surrounded by plenty of dining and bar options.

Southie has undergone a huge transformation in the last decade and Dorchester Ave. is convenient and seeing a ton of new and redevelopment.

The 488 Dot luxury condos are spacious and open, each offering two bedrooms and two bathrooms.

Price for the units range from $650,000 to just over $1 million.

Contact our advisors for more information on these and other new developments throughout Boston.

Trader Joe’s is Coming to Allston

Trader Joe's at Continuum

Trader Joe’s is opening its second grocery store in Boston next year in Allston.

If you’re lucky enough to live in the luxury Continuum apartment complex in Barry’s Corner then the store will be right at your doorstep, if not then at least it wont be too far away.

Although the exact opening date has yet to be revealed, the company has confirmed that this location will sell beer, wine and spirits, unlike the Boylston location.

Trader Joe's

The great location will bring the brand’s eclectic mix of products to this community.

Trader Joe’s last opened a new location in Back Bay in 2001, but they have 18 Massachusetts locations, including in Brookline and Cambridge. There are also plans to open a store in Somerville sometime next year.

Contact our advisors for more information about all of the new developments in Allston, or view the latest listings here

Northside Meadows Exclusive Pre-Release

Northside Meadows Exclusive Pre-release

You’re invited to the Northside Meadows exclusive pre-release VIP event. For 2 days only you can receive priority home selection in this beautiful community.

northside meadows

Northside Meadows exclusive pre-release is taking place on Friday September 16th and Saturday September 17th, where guests will be able to reserve their home before the first public open house on Sunday. 

This beautiful luxury development is designated for residents 55 and older, set in a beautiful environment in Framingham.

There are 3 floor plans to choose from, each with a first floor master suite and superb finishes.

Contact us on 877.826.2681 for more information or visit us on the day at the on-site sales trailer to receive your priority home selection.

Learn more about Northside Meadows and all of the amenities it has to offer here.