BarbaricManchurian
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Re: 45 Province St
ooh sexy
ooh sexy
That base makes up for that blank wall. Many other towers look nice from a distance but have boring blank walls at the base. A good streetlevel design is so much more important that a skyline.
Why? The base is sleek, and the restoration of the Littlest is nice, but it's not attracting streetlife - and the street really isn't in need of that, anyway. Meanwhile, the view of the skyline - the backdrop for the entire Charles River Basin and the Boston Common and Public Garden - has been blighted by a giant blob of black. I'd say even reparations couldn't make up for that.
The herald said they were haveing a grand opening today! The top dose'nt look at all finnish or what was proposed?today
Abbey Group Bullish On Prospects For New Boston Condo Tower
By Paul McMorrow
Banker & Tradesman Staff Writer
The condominium tower at 45 Province St. in Boston opened its doors Thursday afternoon with only 20 percent of its 138 units sold, but the project's developers, the Abbey Group, are bullish on its long-term prospects and said they can carry the building in the short term.
45 Province St. in Boston "I'm thrilled. We've created the most compelling residential building in the city," said Abbey Group president and COO David Epstein. "Now people can see what it looks like and judge for themselves."
Epstein said his group always anticipated needing some time to sell the building out.
"You don't create a project like this for a moment in time. You do it for the fundamental economics," Epstein told Banker & Tradesman. "There's significant interest in living in downtown Boston, and whether we sell the units today, six months from now, or a year from now, we'll be fine. In the long run, people want to live in downtown Boston. They want to live in a building like this."
He said with the building now open and prospective buyers able to see the views from the building's upper floors, open house traffic has spiked. Two units were placed under agreement last week.
"We're comfortable with the pace of sales at this point," he said. "We've done 100 developments. We understand that you always have to be prepared for economic cycles. You can't time your cycle. What you can do is build the best development, the best project for a site, a product that people will be desirous of, and be patient and work through the cycle."
Chairman and CEO Robert Epstein said when the Abbey Group broke ground on the 32-story residential tower in 2006, many other developers were beginning to put big residential projects on hold.
"Whether it was folly or it was smart, we'll find out," he said. "I think it was smart."
That optimism is based on the bet that, with the market for new condominium development moribund, projects being delivered now will be in a position to tap into pent-up demand in the market - assuming they can carry the costs on their construction loans until that demand arrives. The Abbey Group maintains that they can.
"There's a rebirth going on [downtown]. A lot of things are happening around here," said Boston Mayor Thomas Menino, who cut the ceremonial ribbon with a pair of oversized scissors. Menino made a passing reference to the hole next to the Filene's building a block away, arguing that other cities in the country had several holes in the ground where development projects have stalled.
"It isn't our fault the economy went south," Menino said. "Boston continues to grow and flourish. We have things finishing off. We're getting things done."
45 Province St. features 24-hour concierge, a screening room, library, catering kitchen, and a two-level residents-only spa with a year-round outdoor pool. Units in the 32-story tower are priced between $716,000 and $4.3 million, and many feature sweeping views of the Back Bay and/or downtown Boston and the harbor.
45 Province Opening
To see exclusive photos of Boston's newest condo development, click here.