Pier 4 Condo Building (Former Anthony's site) | Seaport

603 said:
Too bad they had so much trouble selling the pier 4 condos. I guess it was just an inferior site compared to the Fallon buildings which sold out before occupancy. I understand there are still about 10 unsold units and they have cut the prices dramatically.
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Five unsold of 110. That’s quite a good outcome actually. Two are low floor units where noise/privacy concerns might be a turnoff and one is the penthouse in the northwest corner which has probably the worst views of any ph and the stairs to the roof deck make for a lot of wasted space in the lr/dr. No glaring defects with the other units beyond the sad reality that demand is indeed finite. For comparison One Dalton remains only about 70% closed eighteen months after opening. The high end market has cooled considerably in the last few years also and resales in luxury buildings are few and far between.
 
kmp1284 said:
No glaring defects with the other units beyond the sad reality that demand is indeed finite. For comparison One Dalton remains only about 70% closed eighteen months after opening. The high end market has cooled considerably in the last few years also and resales in luxury buildings are few and far between.
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Likely means no "tall" building proposals in the pipeline for a long time.
 
kmp1284 said:
Five unsold of 110. That’s quite a good outcome actually. Two are low floor units where noise/privacy concerns might be a turnoff and one is the penthouse in the northwest corner which has probably the worst views of any ph and the stairs to the roof deck make for a lot of wasted space in the lr/dr.
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Only 5 left is a great outcome, I'm sure the developer has more than made their return so they're probably in no hurry to sell these. Obviously very few sales for the last 10 months, I'm sure they'll be snapped up once we come out of this pandemic, 22 and 50 Liberty have very few units reselling and Echelon has sold a couple of hundred units, seems like demand will return post covid.
 
Suffolk 83 said:
Likely means no "tall" building proposals in the pipeline for a long time.
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Almost certainly no tall all-condo buildings. Maybe some moderately tall rental buildings but I think there’s going to be more than enough condo inventory for the foreseeable future.

Vivanna said:
Only 5 left is a great outcome, I'm sure the developer has more than made their return so they're probably in no hurry to sell these. Obviously very few sales for the last 10 months, I'm sure they'll be snapped up once we come out of this pandemic, 22 and 50 Liberty have very few units reselling and Echelon has sold a couple of hundred units, seems like demand will return post covid.
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I wouldn't bet on any real demand materializing until at least a year after the pandemic is largely over and we've seen whether people return to offices or if working remotely becomes the norm and also what becomes of the city's dining and cultural scenes which are presently decimated and non-existent respectively. 133 Seaport is almost 70% sold out and they just started closings at 135 in December. Echelon’s also much more accessibly priced and I think it will continue to be successful attracting folks who work in the area or commute west or south of the city.
 
Dock being constructed in
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front of ICA
 
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