Funny they should want to move into such a criminal building.
They have moved in. The first floor lagged behind in renovation for some reason.
Is this a joke?? That's a Richardsonian-Romanesque building!!
Holy shit. I honestly didn't know that. I managed to make a two-layer joke without even realizing it.
Lol, eat and/or have drink at Dillons sometime. It's great. They have a bunch of historical pix and info about the police/fire station combo too.
Today,Raymond,who recently sold his Back Bay headquarters for $14.5 million is back with a much more modest project. He is turning his vacant four-story building at 45 Broad St. in the Financial District into apartments.
“The rental market is hot,hot,hot,” said Raymond. “It's a great building and will make for great apartments.
Well, it superficially makes sense- pay the most to live in the newest building. Theoretically, if luxury demand is saturated, the least desirable luxury buildings will be converted to cheaper status. (I'm not sure if this actually happens, though?)Always luxury... I don't get it, when is Boston going to run out of people who can pay 3k/mo for a one bedroom? Most new apartments being built in the city are "luxury"...
Always luxury... I don't get it, when is Boston going to run out of people who can pay 3k/mo for a one bedroom? Most new apartments being built in the city are "luxury"...
Well, it superficially makes sense- pay the most to live in the newest building. Theoretically, if luxury demand is saturated, the least desirable luxury buildings will be converted to cheaper status. (I'm not sure if this actually happens, though?)
It does seem like there's a floor under which the owners would rather see the apartment unfilled than to go for a lower price. I wonder if this is to keep the perceived values of the units that have been filled up?But if these luxury apartment buildings are going unfilled after YEARS, how is it not already saturated? And why don't these unfilled units go down in price?