Our Featured Open House of the week is taking place at the Lofts at 36 A, a 26-unit luxury loft new construction in northern South Boston. This condo development is nestled in probably the hottest few blocks of Boston real estate, among Court Square Press, the new Macallen, and the soon to be Allele Boston. We’ve called the Lofts at 36 A out as being part of the Three South Boston Amigos.

According to the Boston MLS, 3 units remain at the Lofts at 36 A listed at $659K, which are all considered two-bedroom, two-bathroom units with over 1,200 square feet of living space, and the most exquisite stained and scored concrete floors in the city. Most units come configurable with regard to the actual buildout of a second bedroom. Heated garage parking is included, and a common / private roof deck setup offer great views of the city.

Finishes in this development are top notch, and the bathrooms, you have to see them to believe them. The open house will take place at 36 A Street on Sunday, November 11, 2007 from Noon until 2pm. Please let Beth Dailey, the exclusive listing agent, know that you heard about this open house on the Boston Condo Blog.

For the most up to date condo auction information, see Broadluxe condo auction.

We are continuing to stay close to the Broadluxe development in Boston’s Financial District at 99-105 Broad Street as it moves closer to completion, and perhaps more importantly, available for sale.

TD Banknorth foreclosed on the property several months back, and they brought in Union Construction (a greater-Boston company) to finish off outstanding construction. As of Monday morning, TD Banknorth communicated to us that they were approximately 30 - 45 days out from construction completion. What remains up in the air are title issues that TD Banknorth absorbed when they foreclosed on the property.

Until TD Banknorth can work through the outstanding title issues with the title company, they are not in a position to convey individual units to Buyers (i.e. no units have been sold yet, and none will be until title issues can be cleared). At this point, there is no clear and concise answer as to when the title issues will be handled. TD Banknorth appeared excited that Boston Condo Guy has several interested Buyers, and wished they could convey units immediately.

If you have continued interest in the Broadluxe condo development, please contact us so that we can stay connected with you as things move closer to completion.

The redevelopment of the small six-story five-unit Financial District condo development at 65 Broad Street is now sold out. Unit 5, which was the model unit in the direct elevator access boutique development, received an Offer and is progressing through the purchase process. The lofts at 65 Broad Street went down a rather rocky road in closing out all of the available units, from being listed with multiple real estate brokerages, to even trying to take the units to auction. Some would say that none of the tactics really worked, however, originally pricing the units up in the $500K range did not get things started on the right foot.

Once all remaining units were knocked down to $399,000 each, traffic and showings picked up, and the last unit had multiple pursuers. Not surprising, given that the least expensive property on the market in the Financial District is $603,000 (a large one-bedroom at the Richmond Lofts development). The 65 Broad Street lofts were a relief in a neighborhood with little to no inventory under $600K, especially units with solid craftsmanship.

The five units at 65 Broad Street are very well done, with gleaming hardwoods, exposed brick and beams, luxury bathrooms, stainless steel kitchens with granite countertops, and high-end video-enabled intercom systems. Property inspections on the units have been quite clean. With Folio Boston and Broadluxe right down the street, 65 Broad Street is positioned well for gains in equity.

The only hope at the moment of getting into the development any time in the
near future would be to go after Unit 4, which is being held by the Developer
as a short term rental unit. The unit is not on the market for sale, but
strong offers would more than likely be considered. For more information,
please contact us.

Just when you thought that Broadluxe was down for the count, it has picked itself up, swept away the dust, and is moving towards a November 2007 completion. The Broadluxe condo development in Boston’s Financial District fell on hard times earlier this year when it was foreclosed upon by TD Banknorth, at which time the building went dormant.

We captured the below picture back in late May 2007, when you could hear crickets on the job site at 99-105 Broad Street.

Fast forward to the present, as TD Banknorth recently brought in Union Construction, a Boston-based company, to finish the buildout at the Broadluxe job site. According to sources at Union Construction, construction has resumed and TD Banknorth is paying their bills.

We’ve been on the job for about seven weeks now, and things are going perfectly. 34 units on floors two through six should be done in November,” says the job foreman from Union Construction.

We stopped by the job site, and despite not being let in because our hats were not hard enough, the guys at Union Construction were great. They spent some time talking with us about how the project has been going. Overall, they seem quite upbeat, and heads down on making units available for the November 2007 occupancy date.

The 10 units remaining on floors 7, 8, and 9 were to be left as open loft space, however, an architect has now been brought in to create plans in order to finish the units off. These latter 10 units are scheduled to be finished after the initial November 2007.

The Broadluxe Sales Office main phone number still goes unanswered, and Dana Wedge from TD Banknorth, did not return calls to provide the “owner” perspective. Should you be interested in Broadluxe, please contact us, we would be happy to keep you informed of the status and provide buyer representation in securing a reservation for a unit when TD Banknorth releases them to the market.

Broadluxe will round out the Financial District’s Broad Street, which already is home to Folio Boston and the 65 Broad Street Lofts.

We have received several email inquiries lately (unfortunately with incorrect email addresses, so if you have contacted us, please do so again with your verified email address) about the 65 Broad Street Lofts in the Financial District. Only one unit remains (Unit 5) in this development. Priced at $399K, Unit 5 is a direct elevator access unit with exposed brick, renovated hardwoods, and a completely remodeled bathroom. Contact us (with a valid email address) to setup a showing.

There’s been some buzz around what is available at 65 Broad Street in the Financial District over the last week, with only two units remaining in the building in this 5-unit development (6 units including the commercial space on the ground floor).

Units 4 and 5 remains and is priced at $399K for 632 square feet. Both of these units do not have the large floor to ceiling windows that you get in units 2 and 3. However, the units have nice finishes, and once the Broadluxe gets their act together, Broad Street will be stocked with new developments (65 Broad Street, Folio Boston, and Broadluxe all within a few hundred yards of each other).

Note in the exclusive photo below that the developer has completely remodeled the lower facade of the building, adding some well-needed class to the development with the wood paneling that was chosen.

For more information on the units at 65 Broad Street (Google Map), please contact us.

Oftentimes, at any given point, multiple units are available for sale at Folio, for more information on the current selection including a full price list, or to sell your unit, please contact us.

With so much action happening on Broad Street in Boston’s Financial District, we wanted to take a look at what is currently available at Folio Boston, which is a 14 story new construction luxury development in the heart of the Financial District, just steps from the Waterfront.

Folio opened in March 2006 at 80 Broad Street, and after an auction earlier that year, the building filled quickly, and now we are left with resale opportunities only, which, at this time, provide you a respectable selection.

The building is quite striking, and offers amenities expected from a luxury development, including a valet-serviced heated parking garage, 24 hour Concierge, floor to ceiling windows in many units, granite counters, high-end finishes, and food delivery from adjacent restaurants.

There are currently six units for sale at Folio Boston, ranging in size from 600 to 1,500 square feet, and in price from $459,000 to $1,299,000. Deeded parking spaces are still available in the building as well, for a price of $80,000 each.

If you need further information about the Folio condominiums for sale, or you would like to make an offer on an available unit, please contact us.

We stopped into the 65 Broad Street Lofts tonight for a walk through of the two remaining units (Unit 3 and 4) during the open house. We actually got a peek at all of the units (even the sold ones), and the remaining two units are probably the best of the lot - they have large banks of windows, a flowing floor plan, and a decent amount of storage.

The two remaining units in this direct elevator access six-unit low-rise building are relatively the same, with only a few small differences. Unit 3 has slightly more storage, a stand-up shower stall (rather large), however, the washer and dryer hookup is under the stairs and it would be a tight fit from a height perspective for a stackable washer and dryer. Unit 4 has slightly less storage, no height problem with the washer and dryer hookup, and a jacuzzi shower soaking tub (the slightly deeper kind) rather than a stall shower.

There was a fair amount of traffic through the units. Both remaining units at 65 Broad Street are immediately available for $399K each. Contact us to do a walk through and put in an offer.

Previously reported news that the remaining four units at the 65 Broad Street condo development were going to be “auctioned off” in a unique bidding process (full details here) did not generate the action that the developer wanted, and units are available once again.

The remaining three lofts / condos have been put on the market at a fire sale of $399K each, and one has already gone under agreement. The lofts at 65 Broad Street are newly renovated, have exposed brick, hardwood floors, classy finishes, and direct elevator access.

An open house is going to be held Monday (May 21, 2007) evening, from 5:30 to 7:00 pm, to showcase the remaining 65 Broad Street lofts. For further information, to setup a showing, or make an offer, please contact us.

NOTE: Please read the latest news regarding the lofts at 65 Broad Street.

If you’ve had your eye on the loft conversion at 65 Broad Street, you need to act quickly. There were five remaining units as of last week, when an auction took place - the auction sold one of the five units without a reserve or minimum to a private party for $400,000 (or almost $640/foot), and the remaining four units are undergoing a bidding process that ends on Monday April 23, 2007. Should you want to get in on the fun, the process is as follows:

1. A final showing is booked for Sunday from 1-2PM
2. All reasonable offers are being entertained
3. Verbal commitments are acceptable at this time
4. Best and final written offers will be assembled by 5PM on Monday April 23, 2007
5. Offers will be presented to the lender on Tuesday morning for acceptance
6. All offers are subject to lender approval.

Obviously not your typical buying circumstances, but it does make for some great anticipation. Floor plans for the remaining units, as well as pictures of the model unit that sold recently are below.

Floor Plans for Remaining Units at 65 Broad Street:

• 65 Broad Street Condos - Unit 2
• 65 Broad Street Condos - Unit 3
• 65 Broad Street Condos - Unit 4
• 65 Broad Street Condos - Unit 6