Comments on: 285 Columbus Lofts Buck Downtown Boston Trend

By: 333

333 — Wed, 30 Jan 2008 01:37:55 +0000

Well, yes, the location is not ideal. It’s right next to the projects. I for one have reservations about paying a million bucks to live next to the ghettos.

John, a 25% price adjustment would be nice. But I highly doubt they will do that. They rejected an offer that was less than 15% below.

By: Boston Condo Guy

Boston Condo Guy — Tue, 29 Jan 2008 20:20:10 +0000

Location is an issue for some, not all, but some.

ArtBlock went after a different Buyer, and 700 Harrison has unique views and rooftop access, so there are small things that position some of these developments in a different light.

By: John Keith

John Keith — Mon, 28 Jan 2008 20:52:54 +0000

I'm stumped. I assume it's the pricing. I don't know, I've never had a client interested in seeing it.

It's a handsome building. I think the location is fine - apparently others agree, because they did well at Art Block and I think the rentals around the corner are doing well, and those are high-priced.

Some of the architectural detail at Penmark has been stripped away.

I dunno. Just bad timing?

At 25% off, the units become appealing. Enough so to sell them all off? Not sure.

By: 333

333 — Mon, 28 Jan 2008 19:39:28 +0000

In response to John K, what’s happening at Penmark, why, after 2 years, are they still not able to sell all the units?

By: Anthony Longo

Anthony Longo — Mon, 17 Dec 2007 15:57:20 +0000

This does not surprise me. Curtis Kemmeny (Boston Residential Group) has built a superior product AGAIN…just like he did with 360 Newbury. Products that far surpass the norm or the standard will always sell at their own pace. 285 Columbus will be a home run for Curtis…best location in town, unreal product = quick sellout!

By: John K

John K — Mon, 17 Dec 2007 04:41:51 +0000

I saw weeds coming out of the sidewalk in front of The Penmark, on the other hand …