This is great news for the Downtown area after having to deal with the unsightly hole for the last three years since property owner, Vornado Realty Trust of New York, halted construction.

Now it will be Ritz Carlton Hotel developers, Millennium Partners, to take over the site and  join Vornado Realty Trust of New York. As for the terms of the deal, they have yet to be disclosed, but this deal has been some of the most exciting news for the real estate world in Boston. The project outlines are broad, but people can expect roughly a 39-story building with retail stores and restaurants filling out the base.

For more information about the latest news on the new tower project in Downtown Crossing shopping district, please read the Boston Globe article, Deal set for a tower on gaping Filene’s site.

The city announced earlier this week to members of a citizens committee reviewing the project that the developer will increase the number of affordable units in the building.

Simon Property Group will now be building all 48 of its required affordable Boston condos and Boston apartments, rather then the previously agreed 10 units, with the rest residing in the South End or Back Bay.

The massive project will have a mix of 318 condos and apartments ranging from affordable studios, one-bedrooms, two-bedrooms and luxury suites.

If you would like to know more about the project, or interested in apartments or condos for sale in the Back Bay, please contact our real estate experts today!

When speaking with your Warren Residential realtor, ask about the shops, restaurants and bars located close to the condos you will be looking at. If you know that you will not be spending a lot of time in the kitchen of downtown Boston apartments, this may be more important information than whether the stove is gas or electric. Although, many residents who love to entertain, will want to make sure the kitchen looks high end. You will definitely find granite counter tops and stainless steel appliances that will impress the most ambitious chef. Since many of the restaurants also provide catering to the local area, you will want a large comfortable dining room in your Boston luxury condo where you can easily entertain large groups of family and friends. You will also find hardwood floors throughout the Boston apartments and large rooms for large furniture. Once you have finished your night on the town, come back to a peaceful and serene master retreat.

Another important aspect to look for when choosing the location of your new Boston waterfront condo is the proximity to your employment. If you plan to use the public transit system, make sure there is a location close by. If you are planning to drive your own vehicle, look for a condo that provides parking. Some of the luxury buildings also provide transportation for residents close to the down town area. All of these are important when considering which condo to purchase. Since you do not want to spend all of your time commuting to and from work – you need to find a centrally located unit that will give you the luxury you are looking for and the convenience you require.

Finally, discuss the amenities offered with Boston condominiums. You will be able to choose from a trendy loft to a three or four bedroom unit that gives you the space you need for guests and your home office. If you want a luxury master bath with a jacuzzi tub, these will be items to include on your must have list. After a long day at work or a weekend shopping, relaxing in a hot bath with relieve all of your stress. One of the best amenities of many of the Boston apartments is the dry cleaning service available for a monthly charge. If you do not have the time or patience to deal with these types of chores, find a building that offers this great service.

Once you have found the perfect condo in downtown Boston, begin enjoying all the city has to offer. Whether you are entertaining friends in your loft apartment or stopping by one of the night clubs or cafes, you will be glad you live in the Battery Wharf area.

Open for skating from roughly mid-November until mid to late March, the Frog Pond is on the north-eastern end of historic Boston Common. Home to the Skating Club of Boston, this is where young and old can learn to navigate around the ice in either group or private lessons, or in public free skates. New Years Eve at Frog Pond means skating, of course, along with fireworks and vendors selling hot chocolate, roasted chestnuts and other delectable tid-bits. Best of all, the pond, and all that winter fun, is within walking distance of some prime Boston real estate.

Even if you don’t feel like skating, take a walk through the woods to the onsite winter-only Frog Pond Café. Enjoy gourmet coffee and a selective menu as you dine outside under giant heated umbrellas. During the spring and fall months, Frog Pond becomes a reflecting pool, and in summer a refreshing spray pool accompanied by a children’s carousel. If a Boston relocation is in your future, this is a perfect place to get a feel for one of the city’s most cherished neighborhood open spaces.

Boston Commons is the city’s largest and oldest park and dates back to 1634. Having weathered the trying times of the Revolutionary and Civil Wars, the park is a cherished historic site. Today the tree-filled grounds and zigzagging pathways are surrounded by luxury condominiums and apartments, as well as name brand high-end hotels. The Five-Star Four Seasons Hotel Boston is on the western end of the park. To the east is the ultra modern 45 Province condo tower with its floor-to-ceiling windows and dynamic city and Charles River views. Another offering is 360 Newbury St., once called the Tower Records Building, specializing in Boston loft style condos in a prime Back Bay neighborhood locale.

Massachusetts General Hospital is to the northeast, the Massachusetts Institute of Technology is a short drive across the Charles River and prestigious Northeastern University is to the west. Iconic Fenway Park, home of the Boston Redsocks Major League Baseball Team, is a little farther west near a large park called the Bay Back Fens, surrounded by many Fenway luxury condos. The Charles River Reservation IV is another public park fronting the river basin, offering more opportunities to bike, jog or just enjoy the timeless views. More luxury Boston condos and apartments may be found along the waterfront near and in the colorful Back Bay neighborhood, listed on the Registry of National Historic Places

Prudential Center sits right off Interstate 90, close to the Boston Back Bay train station. The Top of the Hub Restaurant offers an impressive skyline view and superb service from the top of the center’s Prudential Tower. This is the same building that hosts the Skywalk Observatory, famed for its 360 degree view of the Boston area. The observatory is so high up that you can see the curve of the earth.

Ethnic eateries, quaint pubs, including the one called Cheers that inspired a mid-1980s TV show, and the obligatory Starbucks are also part of the local dining scene. Dine on coconut chicken at Thai Basil one night and peruse the wine-list and fresh-fish menu at Skipjack’s the next. You can always take a stroll down to the frozen Frog Pond and wrap your hands around a steaming cup of brew while making up your mind.

The Boston W Hotel still has 71 luxury condo units available.

Earlier this week, W Boston Hotel and Residences developers won in court to exit bankruptcy, but under the condition to sell 71 unsold condos in the Boston luxury building to cover its debts.

U.S. Bankruptcy Court Judge Joan Feeney approved SW Boston Hotel Venture’s plan for reorganization amidst protest from top creditor Prudential Insurance, which shelled out more than $181 million for the project.

With the ruling, SW Boston Hotel Venture will be given the opportunity to pay creditors in full.

The W Boston Hotel is a 235-room hotel and 123-unit luxury condo tower that was built in October of 2009, but found itself bankrupt by April 2010 after unsuccessfully selling condos to keep revenue flowing into the Theater District project.

Efforts by Prudential to foreclose the building were rejected as well as the company’s objections to the plan for reorganization.

SW Boston plans to pay back the $52 million it owes to Prudential through the cash earned from condo sales over the next three years, then repay $10 million to the city of Boston in a loan they owe, and move on to the lesser amounts to other creditors.

Currently 52 units have already been sold with another eight under agreement.  There are still many more Boston luxury condo units available at the W Boston Hotel.  If you are interested in any of these properties and would like to know more, please contact our Warren Residential offices today and let our expert real agents help you!

The project is a major undertaking.  It covers a 44 acre plot of land between Cambridge, Charlestown, and Downtown Boston.  The North Point development has been referred to as a ‘mini city’ and will eventually include offices, shopping, dining, and thousands of new homes.  The project will essentially create an entirely new town square area at the northeast side of Cambridge.

To add to the ambition and complexity of the project, it also involves an extension of the MBTA Green Line.  The Lechmere station will be rebuilt in a new location next to the North Point site.  The updated $70 million station will be a key part of the entire project.  Residents, workers, and employees in the area will have quick access to one of Boston’s central mass transit arteries.

Groundbreaking could happen as early as next Summer, will create about 250 jobs.  Thousands more jobs are expected as the project gains momentum over the next few years.  The North Point development project will eventually be another great destination in the Cambridge area.

If you would like more information regarding real estate in Cambridge or the Boston area, contact Warren Residential Group today!

Charlestown Luxury Apartment Bedroom

Plan on moving to Boston this fall or just looking for a new place to call home? Well, the Luxury Loft rentals in Charlestown could be the right place for you.

It is a newly developed building, completed in 2007, and houses 146 luxury loft apartments.  The apartment units are very sleek and stylish for the modern 21st century city living.  It features top of the line stainless steel appliances, elegant granite countertops and contemporary flooring with either option of concrete or hardwood. The apartments also feature a nice open floor plan with large windows that provide beautiful viewpoints and allow plenty of natural lighting in the home.

If you’re someone who appreciates excellence, luxury and style, then the bathroom layout, design and European inspired fixtures will impress you.   The tile, lighting and ambiance.

Luxury Apartment Living Room

The private patios or Juliette balconies are amazing additions.  They offer great space to step out for fresh air and enjoy the outdoors.  The building also features a fitness center and parking for you and a guest. The building is pet friendly, welcoming all furry friends of all sizes, but for a fee of course.

If Charlestown Luxury Loft Apartments sounds like the place made for you, please contact a Warren Residential Group agent today!  We would be glad to provide more information and help you find the perfect Boston Apartment for you.

Ever wonder where Boston’s Back Bay got its name?  It wasn’t always a bustling cultural and commercial center with historic brownstones, posh lofts, and beautiful waterfront condominiums.  This neighborhood of Boston, which includes some of the city’s most important buildings and landmarks, used to be a large bay stretching all the way from the Boston Common to Kenmore square.  By the early 1800s, Boston had already saturated its available and surrounding space, and only a narrow isthmus connected central downtown to the rest of the greater metropolitan area.  In 1857, after a failed attempt to circumvent the city’s traffic problems with a dam/toll road, the city of Boston began a project to “make land.”

35-car-long trains filled with rocks, dirt, and other fill arrived in Back Bay 16 times a day for 43 years, finishing what is now Back Bay Fens or “The Fens” in 1900.  Most buildings’ basements along Commonwealth Avenue and the other streets of the Back Bay were never dug; they simply were left as holes with more dirt and gravel piled around them.  The layout of Back Bay was devised by Arthur Gilman of the Gridley James Fox Bryant firm.  Much inspiration was taken from parts of Paris.  Gilman wanted wide, parallel, tree-lined airy streets, such as Commonwealth Avenue or Beacon Street.

Back Bay Today

The modern day Back Bay, which is an officially recognized neighborhood of Boston, still features rows of beautiful Victorian Brownstones that trace their origins to the monumental project that created the land they live on.  These historic brick walls now stand alongside global landmarks such as the Prudential Center, Hynes Convention Center, and Boston’s famous center for fun, nightlife, dining and high fashion: Newbury Street.  Few blocks in Back Bay lack an architecturally or historically significant building.  Once completely submerged, Back Bay is now a bustling part of downtown Boston brimming with culture, history, and endless entertainment.

Interested in an apartment in Boston’s historic and monumental Back Bay or another Boston neighborhood?  Contact a Warren Residential Group real estate agent to find the perfect apartment or condo for you!

Since their acquisition, the firms refurbished the lobby and created an underground parking garage for top executive, spending over $40 million on improvements. In addition to the upgrades, they were able to offer lower rents than previous owners; even luring Bain Capital away from a Boston Properties owned building for a seven-floor lease in the Tower.

Under the deal conditions, Boston Properties paid $289.5 million in cash and assumed $640.5 million in debt, in the form of a securitized senior mortgage loan with a fixed, 5.68 percent interest due in January 2017.

Since its assembly in 1975, the Boston landmark has been known as a barometer for the real estate boom and bust. The 62-story glass skyscraper in Boston’s prestigious Back Bay neighborhood boasts over 2 million square feet of space, with roughly 1.7 million feet being available for rent, and an eight level parking garage with over 2,000 available parking spaces.

If you would like to live in the Back Bay neighborhood, or any of the other great Boston neighborhoods, please contact an agent at Warren Residential Group today to schedule an appointment. We would love to help you find your new Boston condo or luxury residence!

FP3 Studio Loft

The View from an FP3 Loft Balcony

Exterior of FP3

The FP3 Boston luxury lofts are only a five minute walk to Boston’s South Station, allowing for easy access to the entire city and beyond with the Red Line and Commuter Rail (as well as private  bus companies.)  Whether you are looking for a luxury loft studio or a 3 bedroom condo – the FP3 lofts are an amazing project worth looking into.  To learn more about available units or schedule a rental or sale showing, view the listing or contact a Warren Residential Group agent.