Boston Luxury Real Estate Insider Blog

 

The new Post 390 Restaurant Located at The Clarendon building on the site of the former Back Bay Post Office Annex, will be a new hot spot for South End and Back Bayers alike. Nestled on the the corner of Stuart and Clarendon Street it has the comfortable feel of a ski lodge in Aspen Colorado. There is a large gas fireplace, huge open wine cellar and open kitchen to admire.  The bar is hopping with12 Beers on tap and over 200 wine selections. The food is American classics with a twist like the the beer and bacon macaroni mmm good. I look forward to spending as much time here during the cold winter ahead. As always i will continue to post on Boston’s new hotspots. Dont for get to check us out on our websites. www.bostonerealty.com and www.luxreblog.com

Robert A.M. Stern became famous for his signature modern-traditionalist style.  Stern was a pioneer in the post-modern movement.  An architectural style and attitude which brought the warmth and charm of traditional architecture to modern construction technology.

Stern was the perfect choice to design Back Bay’s first luxury residential tower.  The Clarendon sits on a previously underdeveloped parking lot diagonally across from The Prudential Tower.  Stern uses the massing of the building and uses Back Bay’s traditional brick to stitch together the neighborhood.  The magnitude of this 32-story tower is mitigated by Stern’s careful attention to scale, proportion and material.  The massing of the building was also studied to help alleviate the wind tunnel effect from the neighboring Prudential.   The ground floor houses a popular bar and a post office which helps to extend the neighborhood and nightlife of Back Bay.

The Clarendon is also one of very few ‘green’ residential towers in the nation.  Deciding to go green can add significantly to the construction cost but the trade-off is a safer, better quality, longer lasting and more comfortable building.  Building a green building means not only using recycled materials and using energy efficient appliances but also following stricter health and air-quality standards.

The building has both condominiums and rentals units available at One Back Bay. They are appointed finest finishes and appliances and boast luxurious amenities.  There are many different floor plans to fit a variety of lifestyles.  The location and height of the building grant it some of the best views of Boston and provide ample natural light. A world famous architect, prime location and green construction insure The Clarendon will remain one of Boston’s most desired addresses for decades to come.

If you are interested in any unit  for sale or lease please contact William Carr or Herb Rikeman buyer’s agents Direct- 617-236-5005 Cell-781-859-9805 Toll Free 877-580-5005 williamc@rikemanre.com contact@rikemanre.com  www.bostonerealty.com  www.luxreblog.com

 

The Good news for first time home buyers is tax credit extended for sure. Congressman Maurice Hinchey helped secure legislation that will extend the $8,000 federal tax credit for first time home-buyers, and create a new $6,500 tax credit for people who have bought a home in the last five years. Hinchey says it was important to extend this legislation through April 30th of 2010, because it’s been a successful law so far.”It provides opportunities for people to buy homes who wouldn’t have the opportunity, because the $8,000 provides them with the incentive they need, and the additional financial help they need to actually buy that house,” said Rep. Maurice Hinchey, (D) 22nd District. Hinchey says he doesn’t know if there will be another extension, because it all depends on the program’s success.

 

We checked in with our lending specialist Jason Deeb at MSA Mortgage and here is what he sent us to help understand the process.  Jason Deeb says with the recent extension of the First Time Homebuyer Tax Credit, after consulting with many MSA clients who purchased a home for the first time and had difficulty visualizing the process. Many of our clients have found our flow chart extremely helpful so I wanted to pass it along to you to forward to your clients. Please let me know if I can send it to you or if you have any questions. Contact Jason Deeb Senior Loan Officer Direct: 781.486.7143 Cell: 917.721.2111 Fax: 781.245.7373 Email: jdeeb@msamortgage.com

Now is the time to rent in Boston.  With so many brand new building developments such as 1330 Boylston Harborview Charlestown; and Trilogy, recently completed there is a greater supply of luxury apartments than demand for them.  As a result, many buildings are offering very attractive incentives to renters.

Archstone Avenir is offering two months free on a 13 months lease.  This adds up to some big savings.  For example, a 1 bedroom which typically rents for $2,500 per month would now rent for $2,115.  A savings of $5,000 over the term of a 13 month lease.  Archstone is also paying the full broker’s fee, which is an additional month’s rent.  Essentially, you are getting 3 months rent for free.

Archstone Avenir is offering renters some of the most aggressive incentives but many other properties are following their lead.  Buildings, all over Boston, which historically had few available apartments are now offering one or two months free, reduced parking rates and waiving amenities fees.

For the most up to date incentives on all of the luxury buildings in Boston please give me a call or email me Bill Carr 781-859-9805 williamc@rikemanre.com

Get Ready the W Hotel will open its doors to guests in just a few short weeks. I think its and iconic brand and will be very sucessfull. I am hoping to book a room for the holidays just to check it out. It is so close to all the nightlife in the Theater District including shows at the Wang Center. Im sure the trendy lobby bar will be a future hot spot as well. Also the W Residences come online soon.  If you are at all interested in the condos for sale at the W Residences  I can send you  floor plans and marketing package if you need. Do not hestitate to call me Herb Rikeman 617-930-4800 or Toll Free 877-580-5005 or contact@rikemanre.com www.bostonerealty.com

 

If you haven’t noticed the Seaport District is on its way up. I am willing to bet in 5 years its one of the hottest areas of Boston. As the Fan Pier Devlopments start to rise in the skyline along with the iconic Contemporary Arts Boston and the massive convention center. You can see this will be a booming area.The fort Point Channel has been attracting celebs like Tom Cruise and Cameron Diaz to some of the new hot spots like Barbara Lynch’s a South Boston native new bar Drink and Cafe Sportello. Also the $500 million Atlantic Wharf is on its way to completion. South Boston also continues to buzz with cool new Condos like FP3 Boston with condos starting at $300K. I will continue to watch and report on this emerging market.

If you are interested in FP3 or Seaport District condos please contact Herb Rikeman 617-930-4800 at contact@rikemanre.com or www.bostonerealty.com for more info prices and floor plans.