Wednesday, August 31, 2016

Foreign buyers at Millennium Tower show that Boston is on a world stage


DAVID L. RYAN/GLOBE STAFF

Bingyi Chen, a Chinese immigrant who lives in Concord, has bought at least 16 units at the new Millennium Tower for $15.6 million — all in cash.


By Tim Logan GLOBE STAFF  AUGUST 30, 2016

For proof that Boston has become a luxury housing mecca for wealthy people from around the world, look no farther than Downtown Crossing.

At the high-end Millennium Tower, buyers have come from Greece, Hong Kong, and the Middle East, scooping up condos two or three apiece. There’s a real estate executive in San Francisco who markets luxury US properties in Asia, and claims on her website that she’s sold 7 percent of the tower — roughly 30 units.

And then there’s the recent immigrant from China, Bingyi Chen, who lives in a modest townhouse in Concord and has bought at least 16 condos on behalf of investors in his native country, according to property records and his real estate agent. He paid $15.6 million in total. All cash.

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Foreign buyers at Millennium Tower show that Boston is on a world stage


DAVID L. RYAN/GLOBE STAFF

Bingyi Chen, a Chinese immigrant who lives in Concord, has bought at least 16 units at the new Millennium Tower for $15.6 million — all in cash.


By Tim Logan GLOBE STAFF  AUGUST 30, 2016

For proof that Boston has become a luxury housing mecca for wealthy people from around the world, look no farther than Downtown Crossing.

At the high-end Millennium Tower, buyers have come from Greece, Hong Kong, and the Middle East, scooping up condos two or three apiece. There’s a real estate executive in San Francisco who markets luxury US properties in Asia, and claims on her website that she’s sold 7 percent of the tower — roughly 30 units.

And then there’s the recent immigrant from China, Bingyi Chen, who lives in a modest townhouse in Concord and has bought at least 16 condos on behalf of investors in his native country, according to property records and his real estate agent. He paid $15.6 million in total. All cash.

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Friday, August 5, 2016

The Collaborative Companies joins largest brokerage in U.S.


Posted by  on Aug 4, 2016 in Blog about Boston Real EstateNews

The New England operation of NRT LLC, the country’s largest real estate brokerage firm, has acquired the assets of The Collaborative Companies in Boston, headed by Sue Hawkes, president and chief operating officer. The Collaborative Companies is a full-service residential marketing firm, which will continue to conduct business under its name.

Hawkes will continue as managing director of TCC, located in Park Plaza. It has 30 employees.

TCC presently is involved in development projects totaling more than $1 billion. They include condominiums at Ink Block in the South End, the Pierce in the Fenway, Telford 180 in Allston, Trinity Stuart in the Back Bay and the Alloy at Assembly Row in Somerville. TCC also is involved with Redbrook, a development of single-family homes and townhouses in Plymouth, and Black Birch in Concord, an adult community.

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Tuesday, July 19, 2016

Arquitectonica's Pierce Boston tower to feature apartments aimed at young tech entrepreneurs



Sales have officially launched for apartments inside this skyscraper in Boston by New York firm Arquitectonica, amid a "boom" in the city's luxury condo market created by its growing tech scene.

The Pierce Boston residential tower is currently under construction in Boston's Fenway neighbourhood.

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Wednesday, July 6, 2016

Fenway Center to move forward


Fourteen years after he began planning a major development in the air over the Massachusetts Turnpike at Kenmore Square, developer John Rosenthal says he is finally ready to start work. Construction would commence with the part of the project that would sit on firm ground. On Wednesday, Rosenthal and his development partners said that they have raised $230 million in financing and expect to soon begin construction of two apartment buildings on parking lots near Fenway Park. That would be the first phase of the long-delayed Fenway Center, a nearly $600 million complex that will include three other structures over the turnpike between Beacon Street and Brookline Avenue, including a 27-story tower. The project has long promised to accelerate the transformation of Kenmore Square.

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A Look at Boston’s First Sky Cabanas


A PIERCE BOSTON SKY CABANA
PHOTO COURTESY OF SAMUELS & ASSOCIATES

These pricey pods are perched atop Pierce Boston in the Fenway.

A good view of the Boston skyline is priceless, right?

In Pierce Boston‘s case, it’s a mere $300,000 or so. The luxury apartment complex that’s slated to be completed in 2018 just began marketing a new feature to its future residents—sky cabanas.

The precious rooftop space of the 30-story tower is being divvied up: one side will offer an outdoor pool and lounge, and the other will contain 12 glass-enclosed spaces. While these spaces are called sky cabanas, they’re not actually huts with roofs. Instead, the 150- to 250-square foot cubes offer open-air, sweeping views of the city.

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Tuesday, June 21, 2016

Want a rooftop cabana near Fenway? That’ll be $300,000


The Pierce Boston building at Boylston Street and Brookline Avenue
will offer 12 open-air decks to condo buyers. Each will run more than $300,000.
HANDOUT; KEITH BEDFORD/GLOBE STAFF

By Tim Logan GLOBE STAFF  JUNE 21, 2016

For $350,000, you can buy a four-bedroom house in, say, Framingham, or a condo in Dorchester.

Or, if you are among a select few, you can buy a 16-by-16-foot patch of roof deck in the Fenway.

In the latest salvo of “Can you top this?” by luxury real estate developers, Samuels & Associates is selling something straight out of South Beach on the roof of its Pierce Boston building that is under construction: “sky cabanas.”

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