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REAL ESTATE INC.
GE CEO Jeff Immelt has found a home in Boston. Care to guess where?
May 5, 2016, 3:18pm EDT
Breaking News
Catherine Carlock
Real Estate Editor
Boston Business Journal
Cross Jeff Immelt off the list of potential buyers of the $37 million Millennium Tower penthouse.....
GE Chief Financial Officer Jeffrey Bornstein told the BBJ last month that the company's executive team was considering a number of neighborhoods — namely the South End, Seaport, Back Bay and Beacon Hill — but offered nothing more specific.....
It appears the cat's out of the bag. Public records indicate Immelt and his wife, Andrea, are under contract to purchase a 3,565-square-foot triplex home at 36 Commonwealth Ave., a four-bedroom property located a stone’s throw from the Boston Public Garden. The condominium was listed for just shy of $8 million, or $2,243 per square foot, almost double its December 2007 sales price of $4.6 million.
Features include a gourmet eat-in kitchen, a private deck, wood-paneled library and three fireplaces.
Out of curiosity I just checked Philly because it just hit me it hadn't shown up in my list I made and I was surprised so I found it now and if we want to find the prime example of a city with a small skyline for it's size Philly is the prime example.
150 m+ buildings
11 (24)
100 m+ buildings
52 (78)
Even after Philly's current proposals are built it will still be behind Boston a little bit in buildings over 150 m; however, it will be ahead in buildings over 100 m. It will also have two supertall skyscrapers so its maximum height will be significantly taller still which is no surprise.
It was a custom I believe it is often referenced as being a Gentleman's agreement not to exceed that height. They definitely were behind although not that far behind Boston. The only buildings over 400 feet built before 1960 were the Custom House and John Hancock. After the Pru Boston did distance the gap, but Philly wasn't that far behind.
The north side is also where the famous tower is located. The tower rises 548 feet above the ground, terminating at the top of the hat on William Penn's statue. Just below the statue is the visitors' observation deck, approximately forty stories above the ground. There are massive twenty-six foot diameter clocks on all four sides of the metal portion of the tower. Below this area of the tower and throughout the remainder of the building are walls of solid brick covered with white marble and granite. The walls supporting the tower are twenty-two feet thick at the bottom. The building is one of the world's tallest and largest all-masonry, load bearing structures without a steel or iron frame.
Gentlemen's Agreement
To reflect Philadelphia's importance, McArthur intended City Hall to be the tallest structure in the world. Unfortunately, City Hall never held that title because the Eiffel Tower and Washington monument were both completed before City Hall and both are taller than the building. Since neither of those structure are true buildings, Philadelphia's City Hall did remain the tallest occupied building until 1909, when New York built the Metropolitan Life Building. It was, however, the tallest building in Philadelphia until 1987, when a long-standing "gentlemen's agreement," discouraging constructing higher than Penn's hat, was broken with the construction of the sixty-one-story Liberty Place.
Citylover -- I was told back a few years ago when there was nothing tall or modern in Philly that you couldn't in good conscience exceed the height of Billy Penn's Left Nostril
http://www.phila.gov/virtualch/body_pages/history.html
[my highlights bold ]
Could it be said then that Philly doth froze for nigh 85 years !
Note to those concerned with such -- the following is a "deviation" or detour -- aka an aside:
the venerable Bookbinder's, the then purported to be best restaurant, served canned peas with the salmon
it was kinda their version of Locke Ober's crossed with Anthony's Pier 4 and add a smidge of Jacob Wirth's
Now like Locke's Bookbinder's is closed, although some new outfit has reopen using just the bar area
But new money talks [i.e. Comcast] and so today even the hat on Sir William's head is just a memory
Can we PLEASE move this unrelated banter somewhere else?
BBJ story in February said MP had announced that the MT UBER Penthouse is under contract -- so anyone searching for a $30M penthouse will now have to look at 1 Dalton or something yet to come
Today, we hear that Jeff GE Immelt will be walking a bit to get to work -- but not from DTX
BBJ, May 5, 2016
I'm surprised he wasn't tempted to locate in a multi-family in Everett next to Wynn future casino.
If I had the money I would have spent it the exact same way...brownstone all day vs. ph in the sky.