Following multiple price reductions in 2007, the Meads of Commonwealth lowered prices by roughly 3% on several units in mid-February, putting many of the boutique luxury units below the $1,000 per square foot threshold. Click on the below exclusive panoramic photo of the Meads o Commonwealth to get a feel for the grandeur of the development.

Seven units remain at the boutique 13-unit redevelopment, including the grand penthouse listed at $5.5 million. These are stunning residences that we have written about many times before (see Meads of Commonwealth Blog Posts). Given the pricing inconsistencies, these units may have been passed up before, but they are absolutely worth a look if you are in the $2 million +/- property range.

Boylston Street is seeing a lot of development this year, with the Boston Mandarin Oriental, and now, the Samuel & Associates mixed-use development at 1330 Boylston.

1330 Boylston is a 200+ unit upscale rental development, which will also offer commercial and retail space. Leasing of units at 1330 Boylston will begin in April 2008, and the tentative move-in date for the 200+ apartments is August 2008. We have confirmed with Samuel & Associates that the entire development will be rental, no condos for sale.

1330 Boylston will feature a Fitness Center, Club Room, WIFI, Concierge services, garage parking, and spectacular skyline views. Rental units will boast stainless steel appliances, granite countertops, in-unit washers & dryers, walk-in closets, and individually controlled heat and central air.

Something interesting that 1330 Boylston has done is provide a live construction cam to see up-to-the-minute development progress from a neighboring building. Condo developments (rather than rentals) should take note of this unique feature moving forward - some developments (Battery Wharf, and FP3 Boston for instance) have picked up on this as something that potential buyers want to see, as well as buyers who have already made reservations for units, but it needs to be leveraged more going forward as buyers want access to real time high-quality information.

All eight of the remaining units at the ultra luxury Meads of Commonwealth have undergone a price reduction over the past month, the most recent move saw 6 of the 8 units cut in price by as much as $200,000.

Remaining 2-bedroom 2.5-bathroom units are approximately 1,800 square feet, and range in price from $1,699,000 to $1,950,000. 3-bedroom 2.5-bathroom units are approximately 2,400 to 3,100 square feet, and are priced from $2,550,00 to $2,615,000. The 3,800 square foot 3-bedroom 3.5-bathroom grand penthouse with vast outdoor space is priced at $5,500,000.

For more information, or to setup a showing, feel free to contact us.