Boston Seaport's Pier 4

The Boston Redevelopment Authority recently gave the green light to New England Development’s plans to erect a new building comprised of residential and retail space on the Pier 4 wharf in Boston’s Seaport district. Plans for redeveloping the pier have been in the works for over thirteen years now, and originally the focus was on commercial space. As overall interest in office space in the area has gone down and South Boston apartments have been in high demand, the focus has shifted to a Phase One plan comprised of nearly 380 units plus three stories of parking for over 250 cars. The footprint of the building has been reduced to account for common space, and retail shops will find a home on the ground level. Architects ADD, Inc. penned the design.

Phase two will add a hotel in a second building, and phase three will bring a condominium building offering over 100 units. The entire development will house over 1200 parking spaces in total, and phase three will also include the extension of the existing Harbor Walk with the addition of a one acre park at the terminus. City planners welcomed the new ideas, with the plans for the space fitting nicely into Mayor Thomas Menino’s goal to make the now-vibrant Seaport neighborhood a true “24-hour neighborhood”.

New England Development projects construction time for phase one at 18 months. Phase two is being held until a hotel signs off on the project – given the desirable location and the popularity of South Boston real estate, the wait may not be too long. For now, those looking to relocate to the Seaport have myriad other options – contact Warren Residential Group today to learn more!

The building also features the The Vintage Lounge and restaurant, which is inside the building and is a prime after-work meet-up location.  Rent prices range from $2,000 for a small one-bed and $3,500 for a two bedroom. Contact Warren Residential today to get more information and to schedule a viewing in this amazing building.

617-848-9616

Park Lane Seaport offers easy, convenient access to all of the area’s major highways and is adjacent to the Silver Line and the Water Shuttle.  There are many first class amenities at Park Lane Seaport. You will enjoy a workout in the 24 hour state-of-the-art sports club highlighting 4,000 square feet of cardio and free weights. The Park Lane Lounge features a 50 inch plasma television, an enormous kitchen complete with appliances and entertaining kitchen with island and bar.
Enjoy the gorgeous views of the bustling harbor on one of our two rooftop terraces! You will love the relaxing feel of being on the terrace watching the boats, concerts at the bank of America Pavilion, or romantic sunsets.
For more details (and images!) on this gorgeous unit, click here.

Make sure to contact us today, for more information on this listing or others
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Boston’s newest Waterfront development is the 33 story gleaming tower called Russia Wharf.  Slated to be completed at the end of 2010, Russia Wharf has gone through some major changes over the past couple years of planning and development.  Originally conceived during the height of the market, the place was to have 215 luxury condo units with stunning views.  This would have been bigger and provided better views than the neighboring InterContinental Hotel and Residences.  Well, given the past 18 months of economic downturn, Boston Properties reduced the number of condo units from 215 to 65 with the rest of the building being comprised of 750,000 sq. ft. of office space.

Since the reduction in units, financing for developments has become even tougher.  Guidelines have got tighter and funds are less likely to provide the financing needed for condo projects.  This has caused the most recent change at Russia Wharf; the conversion of the remaining residential units from condo to rental.  The hopes down the road are that when the market gets hot again, they will be able to convert them back to condos and sell them off individually.

My Thoughts:  To be honest, I think this is good news.  The Boston Waterfront is one of our most requested locations for sales and rentals.  The problem is, there is a lack of inventory in regards to luxury rentals on the Waterfront.  This will provide for 65 new high end units with spectacular views.  We are excited!