Boston, if you’ve been following my blog, is in the midst of a luxury condo building boom. Even as the new, ultra-deluxe Millennium Tower welcomes its first residents and the 61-story Four Seasons Private Residences One Dalton takes shape on the skyline, the city faces a shortage of available multimillion-dollar condos. And while a number of new luxury high-rises are gearing up to break ground or open over the next few years, the hundreds of new units they will bring to the market are likely to get snapped up just as fast.
Today’s buyers in the luxury market certainly desire premium design and finishes along with high-end amenities, including the requisite concierge, views and garage parking; yet, they’re also looking to fulfill their own interpretation of “the good life.” For some buyers, that may mean an on-site wellness program, a private club-level pool or a resident chef program. Some look for extras like pet spas or a climate-controlled wine room. Young couples want the right address that will allow them to walk their child to a reputable school. Others want access to retail, dining and services that empower a 24/7 walkable lifestyle. Part and parcel with all these amenities is the convenience of an urban setting that completes a luxury lifestyle.
It’s with pleasure that I’m sharing the new edition of the Compass Quarterly newsletter, “The Luxury Issue.” We’ve curated a collection of fine experiences, resources and insights for our sophisticated, discerning clients. Topics include forward-thinking ideas on architecture, design, travel, business, culture, fashion, food, technology, a premium client experience and even a recommended reading list. (Perhaps relaxing with a good book on a leisurely afternoon is your ultimate luxury). I think you’ll find the article on features and amenities driving today’s buyers of particular interest, too. In the words of Compass President, Leonard Steinberg, “Experiences are proven to deliver more happiness than possessions alone.” Enjoy!