This weekend I stopped by several open houses in buildings around the South End and South Boston. I was with a international client who is looking a condo for their son who will be attending Northeastern. Rather than pay to house him in the dorm, they are wisely choosing to buy a place as an investment. They would like to be in a semi luxury building with 2 beds/2 baths around $600,000 that is close to public transportation in Boston.
We checked out 2 buildings in South Boston. The Court Square Press lofts, located at 9 West Broadway, and the new Allele, located at 150 Dorchester Avenue. The Court Square Press building was completed in 2003 and has 130 units. We viewed a very nice 1224 sq. ft. 2 bed/2 bath loft for $629,000. In my opinion, this was the best unit we saw all day. It had 2 master suites, 2 walk-in closets, exposed brick, high ceilings and bamboo floors. Unique to this building is that tenants have full access to all the amenities of the Macallen building next door. It houses a huge lap pool with sun deck, and garage parking. There's also a fitness center in the Court Square Press that both buildings share.
Just across the street is the Allele. We checked out several units here, and the finishes are also very nice. This building is more modern. According to the sales agent, 22 of the 48 units are either under agreement or sold. Both of these buildings are located in a fast developing area of South Boston near the Broadway Train Station. In my opinion, it's being overdeveloped with large scale residential housing. Sofia's was a nice addition to the neighborhood and the Franklin Cafe (also in South End) will be opening in the Allele.
We also went to see the Penmark and 700 Harrison in the South End. The Penmark was completed in 2007 and was formerly Boston College High School. There are 60 units in the complex and the finishes are comparable to any of the luxury buildings in Boston. It looks like there are 16 units still unsold, priced from $500,000 to over $1 million. The location of this building is not great, and I think that's why it hasn't sold out.
I was very impressed with the condos at 700 Harrison. It is located in an up and coming section of the South End. I'm not sure who the interior designer was, but aesthetically the common areas and unit interiors are beautiful. There are 84 units here and they are selling pretty well. The condos are priced reasonably for the amenities with asking prices ranging from $450-$575/sq. ft. You can get a very nice 2 bedroom for between $549,000-$700,000. I don't think my client will be making an offer on any of these units, but if you are in the market for a South End luxury condo, I would recommend checking these out. Better yet, contact me and I can be your buyers agent!