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Oh wow, nice. Where did you find it?
I wasn't too far off. ;-)
I wasn't too far off. ;-)
From the detail in the residential floor plan, NOBODY is buying these as a primary residence.
There is no storage; these basically are either two or three room glorified hotel suites, with one room serving as a living/dining/kitchen/entertainment space.Why would you say that?
There is no storage; these basically are either two or three room glorified hotel suites, with one room serving as a living/dining/kitchen/entertainment space.
Anyone who has this as a primary residence will combine two or three of the condos..
There is no storage; these basically are either two or three room glorified hotel suites, with one room serving as a living/dining/kitchen/entertainment space.
Anyone who has this as a primary residence will combine two or three of the condos..
I have to disagree. Your comment makes me wonder what kind of apartments you've been in to think there is something unusual about these. No, they aren't laid out like a 4000 square foot colonial in Wellesley, but have as much or more storage as any apartment in the city - luxury or otherwise. They have a laundry room and every bedroom has en suite bath. They look eminently livable. For me personally, I would use one bedroom for office and "stuff", but that is exactly what I have to do now and I rent a (small) house.
I've been involved for two years with another Four Season's Residences, where the number of units, even before construction, was reduced by a third, because prospective buyers thought them too small. And nobody expects that the future owners will use them as primary residences.
Link below is to a small condo development in Washington. Condos are sized between 3,300 and 4,300 sq ft. All units sold within about a week for all cash. These are big enough that they might be primary residences, but the all cash transaction makes me doubt that. One of the units is already being flipped before the building is completed.
http://dc.urbanturf.com/articles/blog/eastbancs_1055_high_sells_out_to_seven_all-cash_buyers/8623
I didn't see a 100 sq ft shoe closet, so right away, I knew these weren't primary residences.You aren't really suggesting that a condo needs to be >3,000 sq ft to be a primary residence, are you?
Many (even most) of these will not be used a primary residence, but that is because of the location and price point, not the design. If you put the exact same floor plan on the market at $500 per sq ft you'd see them gobbled up and lived in by working Bostonians in a heartbeat.
All financing has been secured:
http://www.bizjournals.com/boston/r...cures-680m-in-financing-for-four-seasons.html
Had we seen the 2018 completion date before? Three years is pretty typical, but that still feels a long way off.
Construction expected to kick off next year and finished by 2017 in the most recent article on the globe.
http://www.boston.com/realestate/news/blogs/renow/2014/08/coming_attracti.html
no pictures since 2/6? SMH. We need to do better, myself included