The Boston Globe has a brief snapshot of Downtown Crossing in today's paper. The neighborhood still has a ways to go before it becomes a vibrant location for young professionals and students. I was in the area the other day and there are still many closed and vacant stores. The luxury condos at 45 Province are scheduled to be completed in late 2009 and will be a nice addition. However, the completion of the old Filene's building renovation is several years out.
I was never a big fan of the Ritz-Carlton Residences or the location, but resales have been strong. Downtown Crossing is still a bit sketchy, but with the money the city and developers are investing there, it should have a lot of potential over the next several years.
Nine hundred condo units are proposed or under construction, including high-end luxury units on top of the Filene's building and at 45 Province. The Residences at the Ritz Carlton were among the first of a new generation of luxury housing to come here. There are numerous new loft-style units that have been redeveloped in the small buildings on the side streets. A few units have balconies, but as a whole the neighborhood tends to have the feel of converted office buildings.