The Boston skyline is about to change radically as it welcomes new, super high-end residential towers, meeting the surge in demand for condos here. All but one of the residential developments below are slated to be at least 600 feet tall, bringing a new aesthetic to our beloved city.
Copley Place Tower: Situated at the edge of Boston’s Back Bay and South End neighborhoods and conveniently across from the Back Bay MBTA station, this 52-story addition to the high-style Copley Place (where you’ll find Neiman Marcus) will include 109 luxury condos and 433 rental apartments. In addition, it will house 115,000 square feet of new and expanded retail and restaurant space as well as garage parking. Plus, there’s an all-season glass enclosed atrium included in the design plan. The developer, Simon Property Group, also intends to invest $1 million in public art and plans to make upgrades to the city’s adjacent Southwest Corridor Park (a favorite dog walking area for clients who live in the South End). New trees, raised planters, game tables, seating and improved pathways will further enhance the beauty of this already appealing Boston neighborhood. The ground breaking for this project is anticipated in the spring of 2015.
Four Seasons Hotel & Tower: This $700 million project will rise between the Christian Science Plaza and the Prudential Center in the city’s desirable Back Bay district. At 699 feet, the 60-story Four Seasons Tower will be the tallest of the new residential skyscrapers featured here. A 211-room Four Seasons Hotel (the second in Boston) will occupy the first 20 floors of the building and 180 luxury condominiums—serviced by Four Seasons—will be spread across the upper 40 floors. Residents will have their own separate entrance lobby. Prospective residents can anticipate ultra-premium services and amenities including two restaurants, two lounges, a health club and spa, along with spectacular unobstructed views. Construction of the tower at One Dalton Street (at the corner of Belvidere), the tallest building to be built in New England since the early 1970s, is intended to start by the end of 2014 with an anticipated two-and-a-half year construction period.
Government Center Towers: This massive project will transform an underutilized 1960s-era parking structure into a vibrant, mixed-use, six-building development that will include 812 residences (condominiums and apartments) in two high-rises standing 480 and 299 feet tall; 1.1 million square feet of office space; 196 hotel rooms and new restaurants and shops. Plans also call for a new pedestrian connector that will link the West End, Government Center, North End and Beacon Hill neighborhoods, making access more convenient for residents. The developer hopes to break ground on the first residential tower this year.
Millennium Tower Boston: The most talked-about development in the transformation of Boston’s Downtown Crossing is Millennium Tower, a 1.1 million square foot mixed-use project that will feature a soaring and slender 625-foot, 60-story residential tower as its anchor and the adjacent, historic Burnham Building (site of the original Filene’s Department Store), magnificently restored. Scheduled to open to residents in the summer of 2016, the property will include 442 luxury homes (condos), contemporary architecture and design, state-of-the-art features, exceptional views, a concierge and other amenities you would expect in a full-service luxury building, including valet garage parking. Like Millennium Place down the block (from the same developer), Millennium Tower will incorporate La Vie®, an immersive social program that brings residents together for private events and insider excursions throughout Boston. With flagship retail, a new Roche Bros. gourmet grocery store and much more, Millennium Tower is attracting high interest from empty nesters, investors and young professionals.
40 Trinity Place: The John Hancock Tower’s new neighbor, which will replace the Boston Common Hotel and Conference Center at Trinity Place and Stuart Street, will rise 33 stories into the Back Bay skyline. The elegant 400-foot, glass “wind neutral” tower will feature a 227-room boutique hotel, 115 condos, three restaurants, retail, parking, a coveted roof terrace and a sleek two-story lobby starting on the 18th floor. Future residents can expect enhancements to the adjacent exterior, including wider and rebuilt sidewalks, which will make for easier walking and a more aesthetically pleasing surrounding.
All of this new development is exciting news… especially from the perspective of prospective buyers who have been searching for a Boston condo in a market challenged with record-low inventory over the past year or so. If you’d like to stay up to date on the progress of these new high-end high-rises, subscribe to my blog, BilusOnBoston. Just enter your email address at the top right of this page and market news and insights will be delivered right to your inbox.