For the Residences at W Boston it’s been three years of marketing amidst a great recession in early 2010 and bankruptcy proceedings, but it’s 2013 and what a difference a few years makes. Of the 123 residences offered for sale, from studios to three-plus bedrooms (420 to 3,000 square feet), there are fewer than eight of the original units remaining. Year to date, 25 residences have been sold, over half (56%) at prices unimaginable several years ago—over $1,000 per square foot, with a two-bedroom, two-and-a-half bath with one valet garage parking space selling at $1,224 per square foot… or a total selling price of $2.1 million. The average price of the 25 residences sold was $1,020 per square foot and the biggest price tag so far this year was $2.42 million for a two-bedroom with three-and-a-half baths and two garage parking spaces.
So what do you get at the W’s 26-story glass structure? You get contemporary upscale living, high-end kitchen and bathroom finishes, a concierge, valet garage parking, five-star hotel amenities including preferred treatment at the W Lounge, access to Bliss® Spa, a fitness center, the very chic Jean-Georges Vongerichten’s Market restaurant (which I’ve been to multiple times and love) and, of course, room service. Some units also feature dramatic walls of glass and exceptional city views. Clients to whom I’ve showed this stunning property tend to comment on the quality of the craftsmanship throughout as well as the finishes and fixtures, which are contemporary, but easy to work with. They also appreciate the separate residents’ entrance, which creates a sense of privacy from the hotel.
Situated at 100 Stuart Street, in the heart of the Theatre and Midtown Districts, the W is within walking distance to fine dining venues, shopping on Newbury Street and at Copley Place, the scenic Boston Common and Public Garden, the emerging downtown Business District, South End, Financial District and public transportation. The location has gained in popularity in light of the transformation of the Downtown Crossing/Midtown area; the growth of retail, dining and infrastructure here; and the presence of other high-end residences, including 45 Province, Millennium Place, and soon to break ground, Millennium Towers.
The Residences at W Boston offer a wonderful blend of urban sophistication, vibrancy and convenience. With very limited new construction options in the market, the W is now yielding top-dollar prices. Although there are only a few residences remaining for sale from the developer and, at present, only one home for resale, it’s not too late to capture the magic here. My experience with this luxury residence is extensive, and it would be my pleasure to introduce you to this building. Just contact me… and prepare to be WOWed.
Watch for my next post on HGTV’s Urban Oasis 2013 Sweepstakes offering a chance to win a condo at the W Boston, plus a behind-the-scenes look at the construction and design of the condo, airing on September 20th.