Skinny Building Sold To Emerson

From Bankers and Tradesmen

Emerson College has paid $24 million to buy a Tremont Street property where a development team planned to build a luxury condominium tower overlooking Boston Common.
The parcel at 171-172 Tremont St. currently houses a 5-story, 17,752-square-foot office building, and Emerson said today it plans to begin interior renovations within a year. The building will be renovated for office space in the short term, said Art Mombourquette, Emerson’s senior assistant vice president of real estate.
“It gives us some flexibility with some of our existing programs to take advantage of the space with some modest renovations,” Mombourquette said. “The building is in fairly good condition so we don’t see an extensive scope of work there.”
Currently vacant, 171 Tremont St. was most recently used as a sales center for the Millennium Boston Tower and was acquired by the previous development team in 2014 for $16.4 million. Newmark Knight Frank’s Tom Greeley represented the sellers in this week’s transaction.
The Boston Planning and Development Agency in 2016 approved plans for a 155-foot-tall residential tower.
Developer 171 Tremont LLC twice scaled back submitted plans for structures as tall as 355 feet on the 4,438-square-foot parcel amid neighborhood opposition. Designs by Boston-based Elkus Manfredi Architects called for 3,200-square-foot floorplates, with each condo occupying an entire floor.
Emerson College has been steadily developing residence halls in the Downtown Crossing area over the past decade, adding more than 1,200 dorm rooms at a pair of Boylston Street properties and 555 Washington St. and a 450-room dorm at 1-3 Boylston Place. It’s also housing students at a former hostel at 12 Hemenway St. in the Fenway through 2019 during renovations of its Little Building dorm in the Theater District. That will enable the school to house 70 percent of its students on campus.

Congrats to Kathleen Cook of AARE…

Kathleen just closed the deal today at 4 Battery Wharf on Boston’s historic waterfront!


Nose Unit 4411 ,with extraordinary Boston Harbor views, was listed at exclusively by Atlantic Associates Real Estate at $4,300,000.
Happy Memorial Day everyone!

AARE: Proud Sponsor…

Atlantic Associates Real Estate is a proud supporter of the annual film festival.
Since 1999, the Irish Film Festival Boston has celebrated the best of Ireland and the Irish on screen.

The 17th festival will take place from Thursday, March 23rd to Sunday, March 26th, 2017 at the Somerville Theatre in Davis Square.

All Access Passes and tickets to the 17th Annual Irish Film Festival Boston are now on sale. A great gift for the film enthusiast, this pass will guarantee you access to all our screenings and receptions.

For more details, go to http://irishfilmfestival.com

Just listed!

Ritz-Carlton Residence 33H at 2 Avery Street
Beautiful Southeast views out to Boston Harbor. 1600 sqft of luxury with 2 bedrooms and 2.5 marble baths. Exclusively listed at $2,295,000

Out of the Shadows…

 

As reported from Bankers and Tradesmen:

171 Tremont Street

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Designs for a proposed luxury condominium tower at 171 Tremont St. (Aka “The Skinny Tower) have been revised for the third time to comply with regulations that protect Boston Common from shadows.
Developer Joseph Dabbah also eliminated all 21 resident parking spaces in favor of two valet drop-offs.
The tower with a stone, metal and glass exterior would top out at 155 feet, down from 212 feet in the last version unveiled in May and 355 feet in the original version submitted in late 2014.
The changes reflect neighborhood concerns about the height of the tower and its shadow creation, developers said in a filing with the Boston Redevelopment Authority. The 13-story building would contain 12 condos, down from the previous 18.
At its current height, the tower would be buildable as-of-right and not require any zoning variances, according to the BRA submission. And it would not be subject to the Boston Common and Public Garden protection area, a state law that limits the amount of shadow that new developments can throw onto the public parks.
“The luxury building will contribute to the long-term revitalization of the Downtown Crossing area by building on the momentum generated by the recently developed neighboring larger-scale mixed-use developments,” Dabbah wrote.

If You See Something, Say Something…

The Friends of the Public Garden are organizing a letter writing campaign from residents who have witnessed or experienced safety issues on the Boston Common or Public Garden.
The goal is to improve Public Safety in our neighborhood.

If you have seen or experienced any safety issues on the Boston Common or Public Garden, please email a letter describing the specific circumstances and location to:
Liz Vizza, Friends of the Public Garden
Email: liz@friendsofthepublicgarden.org

Alert from the Friends of the Public Garden

Your parks need your voice!

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The BRA will be making a crucial decision about the proposed residential development at 171-172 Tremont Street.

This project, as it is currently proposed, will exceed existing zoning laws protecting Boston Common from excessive shadow and wind.

Parks greatly improve the quality of city life and build community. The time is now to share your voice on their behalf.
The BRA will be making a crucial decision about the proposed residential development at 171-172 Tremont Street. As it is currently proposed, the project will exceed current protective zoning and set a harmful precedent by opening the door for more development exceeding the height limit in the mid-town area bordering Boston Common and the Public Garden.

From the 1970’s, the Friends of the Public Garden has continuously advocated for protecting the Common from excessive shadow and wind resulting from development projects that would have a damaging impact on this vital and heavily used historic urban park.

We advocate for compliance with both the 1990 Shadow Law and Boston’s zoning code’s provisions protecting the Common as well as the Public Garden.

Will you take 5 minutes this week to send an e-mail to BRA Director Brian Golden?

* Send an e-mail to Brian.Golden@boston.gov and be sure to copy info@friendsofthepublicgarden.org.

One Bromfield Street Meeting Tonite…

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One Bromfield Street

IAG Meeting
Description: Impact Advisory Group (IAG) meeting for the proposal at One Bromfield  in Downtown Boston. IAG meetings prioritize discussion between the project proponent (i.e. the developer) and IAG members. If time remains at the end of the meeting, BRA staff will open the floor to other community members in attendance. Although anyone is welcome to attend IAG meetings and listen to the discussion, the public meeting detailed below, on tonight , June 2, is the more appropriate forum for the broader public to provide feedback about the project.

Time: 06/02/2016 6:30 PM – 8:30 PM
Location: Suffolk University Law School’s Moot Courtroom, 120 Tremont St, 4th floor, Boston

Annual Meeting/election Coming, DOR Leaving…

More changes in the air.

It’s that time of year again when the residents of the Ritz-Carlton Boston South Tower will meet for the annual owners meeting and elect a new Board of Managers. The meeting will be June 7 th in the evening. Voting ballots should be arriving shortly.

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And it looks like the bi-annual search will get underway for yet another Director of Residences as the current DOR , James Zaratin will be departing Boston July 1 and head west to LaLa land.

Will the new DOR  come from local talent or from the imported variety?  The beat goes on.

Here is the official notice:

Director of Residences Departure Announcement

Dear South Tower Residents:

We have recently been informed that our Director of Residences, James Zaratin, has accepted an offer and been promoted to oversee The Ritz-Carlton Residences at L.A. Live in Los Angeles, California. James has been with us at the South Tower for almost two years and has provided great results for the building through enhancing our community feel and helping us get prepared for some large capital projects starting this year. We certainly would like James to stay with us, but understand that this is the next step for him in his career and would like to wish him the best in his future endeavors. James will be officially starting his new position on July 1st, 2016. With that being said, the Board and The Ritz-Carlton are quickly beginning the interview process for new candidates to fill the Director position. Both the Board of Managers and James have provided criteria to The Ritz-Carlton Human Resources team for traits that they feel a successful Director should have for this property. Due to the capital projects beginning this July, prior project management experience is clearly a must. The goal for the Board and for Ritz-Carlton is to have a new Director beginning August 1st, if not sooner, in order for there to be a smooth transition and leadership in place for the elevator modernization project. Until the Director position has been filled, Residents should continue working with the Concierge Team, Residences Liaison, and Residences Manager for any questions or concerns that they may have. Hotel General Manager, Tim Terceira, will also be providing oversight and staying involved in the upcoming projects we have scheduled to ensure operations continue to run as they should. Thank you for your attention to this matter. We look forward to seeing all Unit Owners at the upcoming Annual Meeting on June 7th to answer any questions that they may have regarding this matter or any other topics that are to be discussed.

Warm Regards,

The Board of Managers

Mark Winkeller , Jack Tsai , Bruce McCue , Michael Mason , Douglas Horst

Changes are in the air…

New name, new logo but the mission remains the same!

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In the Fall of 2014, a small group of Downtown Boston residents came together to mobilize against a proposed 43,000+ sq. foot entertainment complex in the neighborhood. We were compelled to act based on the information at hand and because residents lacked a proper voice in the process – we believed fervently that our neighborhood and beloved City deserved better than what was being proposed. We appreciated the critical importance of residents in the ongoing revitalization of Downtown Boston and recognized that residents, as citizens and taxpayers, have a fundamental right to have a voice in matters that stand to impact quality of life and the ongoing development of their neighborhood.

We founded the Residents’ Association for one simple reason: to enable civic engagement. We expected to engage 30-40 residents across a few residential buildings but what transpired over a few short weeks was completely unexpected. Through word of mouth, basic research of the proponent’s public filings, and a data driven approach, hundreds of Downtown Boston residents organized and engaged to shine the spotlight on obvious issues with the proposed entertainment complex and its proponent. Despite being dubbed obstructionists by some, we carried forward. History confirms that this effort was both prudent and necessary. As anticipated, the proponent of the failed project is facing several labor lawsuits in multiple states and continues to shutter locations nationwide. Our neighborhood and City deserved better.

What initially started out as a small, informal group of residents coming together to respond to a challenge quickly evolved into a robust, active residents’ association with over 400 members and growing from across 15 Downtown Boston residential buildings. The Association remains 100% independent and volunteer resident driven. It remains committed to engaging, informing, and empowering Downtown Boston residents by creating a forum for discussion and debate on a wide range of topics related to quality of life and development in Downtown Boston.

Today, we are pleased to share an exciting announcement and milestone. Based on your feedback, discussions with stakeholders, and our experiences over the past year and a half, the Leadership Team of what has been known as the Midtown Cultural District Residents’ Association has decided to rename the Association to Downtown Boston Residents’ Association to more closely align with the neighborhood’s current identity. Our new website address is www.downtownRA.org. You can also find us on Twitter and Facebook.

More on the Skinny…

http://www.bostonredevelopmentauthority.org/getattachment/d7741197-78c0-4549-87c5-77c0def57f3e

 

The 171 Tremont Street project team has filed their DPIR (Draft Project Impact Report) with the BRA (Boston Redevelopment Authority). The DPIR can be accessed by clicking on  the above link.

Lots of details so happy reading!

 

Sneak Preview…

Just listing this absolutely stunning Ritz-Carlton Penthouse!

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Simply brilliant! MLS Exclusive at $2,950,000

Twist Again Like We Did Last Summer…

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Another in the series presented by David Maister is coming this Fall:

Main artists to be included are Paul Anka, Chuck Berry, Pat Boone, Johnny Cash, The Coasters, Ray Charles, Chubby Checker, The Chiffons, Patsy Cline, Sam Cooke, Bobby Darin, Dion, Fats Domino, The Drifters, Everly Brothers, Connie Francis, Leslie Gore, Bill Haley, Buddy Holly, Brenda Lee, Jerry Lee Lewis, Little Richard, Ricky Nelson, Roy Orbison, Carl Perkins, Platters, Elvis Presley, Neil Sedaka, Del Shannon, The Shirelles, Bobby Vee and Bobby Vinton.

In addition, we will explore 150 additional artists with one video song performance each. (Registrants receive an email every day of the week featuring a new artist and song.)

Thanks to these Folks for making Boston Shine…

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AARE Ritz Sale #300…

Atlantic Associates Real Estate hit a major milestone today with the sale of 1 Avery Street unit 34A  in the north tower of the Ritz-Carlton Residences Boston Common , located on Avery here in Boston.

 

imageWith spectacular views spanning Boston Common and the Charles River, this 2242 SQFT luxury home at the Ritz Carlton was exclusively listed and sold by Kathleen Cook, Atlantic Associates Real Estate  at $2,850,000.

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This spectacular  home was the 300th sale by Atlantic Associates RE at the Ritz-Carlton Towers since the luxury complex first opened on Avery Street in 2001.

Atlantic Associates Real Estate continues to be the leader in sales and leasing of luxurious Ritz-Carlton condominium homes in Boston’s vibrant Midtown location.

 

 

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