Something seems off on this building yet I can't figure out if it's a legit feeling or that maybe I'm just looking to start gossip.
This was originally going to be apartments but became condos. When proposed, there was concern by Ray Flynn's son that it was going to be "executive suites", which wouldn't have been a bad thing, necessarily. Maybe he meant Airbnbs, which also wouldn't have been bad, necessarily, but perhaps not preferred.
The project was pulled together by a couple of guys who had never done a project of this size in Boston. They sold it off to a NYC developer (a rabbi) who built it and has sold maybe half the units, almost all under $1 million, except a two-unit penthouse that sold for $5 million+.
The buyers seem to be from all over the place .. who have all filed declarations of homestead. You don't see that very often with other new buildings; they are often multi-homeowners with home addresses elsewhere.
The units were offered furnished.
There are 22 affordable units out of 167 total. Several sold for under $200,000 .. so, 30% of local AMI or something like that? Why so cheap?
I walked by the other night on my way to the Tam. It's dark on all four sides, but not unusual for buildings down there. Also, it was night-time.
The Tam was quiet at 4:30 pm but got very busy with young 20-somethings. Oddly, there was only one bartender working and he was overwhelmed. Some people walked out. Was it a special occasion or is it always like this? Missed opportunity.