Boston Wharf Condos Approved!!!
Luxury Channel Condos Wins City Approval - Boston Wharf Condos to be spectacular!
A New York development team yesterday won Boston Redevelopment Authority approval to turn a couple of mostly empty yellow-brick warehouse buildings on Summer Street into 86 luxury condos, adding five glass penthouses residences on top.
The properties at 316 and 322 Summer were formerly part of the historic, 80-building Boston Wharf Co. portfolio of waterfront warehouses.
"These buildings have good bones,” said Tony Goldman, chief executive of Goldman Properties, breathed hip new life into run-down neighborhoods from Soho in New York to South Beach in Miami, last year turned his attention to Boston.
Goldman's vision is to make the old Boston Wharf name synonymous with a district where people who live, work, dine, and have fun -- inside, on the roofs, on the sidewalks, and in the streets.
“I want to see entrepreneurial expression, risk-taking, and creativity" and the buildings are redeveloped, Goldman said, walking briskly down a cobblestoned alley now covered by blacktop but soon to be restored.
Ten of the buildings Goldman purchased with his partner, Archon Financial, will be extensively renovated. The other seven, commercial buildings, were previously modernized by Boston Wharf and are known in the industry as “stabilized” –- they are 85-percent occupied with good-paying tenants and don’t need immediate attention.
Goldman hired ADD Inc. to draw up an ambitious master plan for the cluster of 10 buildings around Summer Street and the Summer Street bridge over A Street. Renderings show street cafes, colorful banners on buildings, and the old Boston Wharf Co. metal medalions prominently displayed on exterior brick walls
“This is a great place in time,” Goldman said. “Right now you drive through them and there’s no respect. It’s devoid. The streets need connectivity.”
Goldman and Archon paid about $92 million for 17 brick and beam buildings in the Fort Point Channel area. That 1.2 million square feet was that last transaction in Boston Wharf's property liquidation as the company closed the door of 150 years of shipping and storage activity in the city.
Starting later this year with 316 and 322 Summer Street, the Goldman group plans to fill the first floors -– including those that are down half a level and up half a level from the street -– with restaurants, shops, and galleries.
The upper floors, about 80 percent of the space in the 10 buildings slated for renovation, will be for residents, including live-work space for artists. "The pioneers will be without children,” Goldman said. “As it evolves, it’ll be more conducive to families.
The Boston Wharf buildings Goldman bought are more or less in the center of the old company's former mini-empire. Berkeley, Gillette Co., and Beacon Capital Parters LP all own other former Boston Wharf buildings, and beyond that territory is the developing South Boston Waterfront.
“We believe this will be the ignition for the 500 acres around us," Goldman said.
Source: Boston.com | Albert Price, Goldman Properties | condoDomain.com
A New York development team yesterday won Boston Redevelopment Authority approval to turn a couple of mostly empty yellow-brick warehouse buildings on Summer Street into 86 luxury condos, adding five glass penthouses residences on top.
The properties at 316 and 322 Summer were formerly part of the historic, 80-building Boston Wharf Co. portfolio of waterfront warehouses.
"These buildings have good bones,” said Tony Goldman, chief executive of Goldman Properties, breathed hip new life into run-down neighborhoods from Soho in New York to South Beach in Miami, last year turned his attention to Boston.
Goldman's vision is to make the old Boston Wharf name synonymous with a district where people who live, work, dine, and have fun -- inside, on the roofs, on the sidewalks, and in the streets.
“I want to see entrepreneurial expression, risk-taking, and creativity" and the buildings are redeveloped, Goldman said, walking briskly down a cobblestoned alley now covered by blacktop but soon to be restored.
Ten of the buildings Goldman purchased with his partner, Archon Financial, will be extensively renovated. The other seven, commercial buildings, were previously modernized by Boston Wharf and are known in the industry as “stabilized” –- they are 85-percent occupied with good-paying tenants and don’t need immediate attention.
Goldman hired ADD Inc. to draw up an ambitious master plan for the cluster of 10 buildings around Summer Street and the Summer Street bridge over A Street. Renderings show street cafes, colorful banners on buildings, and the old Boston Wharf Co. metal medalions prominently displayed on exterior brick walls
“This is a great place in time,” Goldman said. “Right now you drive through them and there’s no respect. It’s devoid. The streets need connectivity.”
Goldman and Archon paid about $92 million for 17 brick and beam buildings in the Fort Point Channel area. That 1.2 million square feet was that last transaction in Boston Wharf's property liquidation as the company closed the door of 150 years of shipping and storage activity in the city.
Starting later this year with 316 and 322 Summer Street, the Goldman group plans to fill the first floors -– including those that are down half a level and up half a level from the street -– with restaurants, shops, and galleries.
The upper floors, about 80 percent of the space in the 10 buildings slated for renovation, will be for residents, including live-work space for artists. "The pioneers will be without children,” Goldman said. “As it evolves, it’ll be more conducive to families.
The Boston Wharf buildings Goldman bought are more or less in the center of the old company's former mini-empire. Berkeley, Gillette Co., and Beacon Capital Parters LP all own other former Boston Wharf buildings, and beyond that territory is the developing South Boston Waterfront.
“We believe this will be the ignition for the 500 acres around us," Goldman said.
Source: Boston.com | Albert Price, Goldman Properties | condoDomain.com
posted by New Condos at 4:34 PM
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