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.

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.”


Here’s who bought the Millennium Tower’s penthouse

A rendering of the penthouse on the 60th floor of
the Millennium Tower in Boston.

By Tim Logan GLOBE STAFF  JUNE 16, 2016

The buyer of the most expensive condominium in Boston is a South Shore boy turned billionaire who renounced his US citizenship nearly two decades ago for tax purposes, meaning he can’t live full time in his $30-million-plus penthouse.

The 13,000-square-foot unit atop the 60-story Millennium Tower in Downtown Crossing is under contract to John Grayken, an investment fund manager whom Forbes magazine recently dubbed one of “the robber barons of the new millennium” for his long track record of profiting from delinquent mortgages and other battered financial assets.