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.

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

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.

 

 

1,2 and 3 Under Agreement…

The  Winter weather has been awful , the traffic a mess, and then there is the parking! But it hasn’t stopped us here at Atlantic Associates RE!

Lined up and ready to close are these three Ritz-Carlton Boston Residences:

2 Avery Street #25 H

1 Avery Street #17 B

1 Avery Street #34 D

And we have a new home just listed at 2 Avery Street!

Enjoy three dazzling exposures from this high floor “C” unit located in the desirable South Tower of The Ritz-Carlton Boston Residences. Watch the sun rise over Boston Harbor and set over the winding Charles River & Back Bay skyline. Walls of floor to ceiling windows showcase the amazing views and abundance of light.  3 generously sized bedrooms, all en suite. Spectacular entertainment sized, wrap-around living room and dining area.  Gourmet chef’s kitchen with Viking gas range, double wall oven, Sub-Zero refrigerator, Miele dishwasher & U-Line wine cooler.  Includes 1 valet garage parking.  Direct elevator access to Equinox, hotel lobby and restaurants.  Exclusive $3,695,000photo.aspx (1)

Preview our latest…

 

See us in the upcoming issue of Distinctive Homes

http://viewer.zmags.com/publication/bcf2bd2f

Coming Up….Another Ritz-Carlton Sale by AARE

Under agreement at 1 Avery Street.
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Spectacular “D” floor plan high above the city on the 34th floor of the Ritz-Carlton! Enormous entertaining size living/dining room with wraparound floor to ceiling walls of glass overlooking The Charles River, Beacon Hill, the iconic gold dome of The State House, the Dazzling city skyline, and beyond to the harbor islands! Absolutely no obstructions, watch the sunrise and set from this unique floor plan. Sunny over sized eat-in kitchen with gorgeous breakfast bar overlooking the harbor to the East. Two wonderful en suite bedrooms with abundance of closet space and indescribable views! Includes guest powder room and full size washer/dryer as well as 2 deeded valet garage parking and guest parking. Exclusively listed by Atlantic Associates RE at $2,800,000

Working the Night Shift…

Have you met our new over-night man?  We have a new staff member to the Ritz- Carlton South concierge  team.

If you are a night owl you may have already met Victortor Peralta who fills in for Jerome and others when needed.

After the Town Meeting last night;Victor front and center. Flanked  from the left, Bob, Patty, Bruce, Kathleen, Doug and Maureen.  photo by Steve Dexter.

 

 

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