Penny Savings Bank... Not Too Shabby!

When real estate developer Stonegate Property LLC first announced their intention to convert the Penny Savings Bank into luxury condos, many people expressed their doubts and concern. The Penny Savings Bank has long been an architectural icon since it was first built 100 years ago in Boston's South End. The developer proposed to maintain it's 5-story base, built with white marble, and to erect a 3-story addition of clear and translucent glass that will sit on top. South Enders could only imagine the daunting clash of style and architecture that would overtake what is currently a beautiful stretch along Washington Street.

Fortunately, those speculators seemed to of had little to worry about. The project is due for completion this Summer, and the exterior of the building looks terrific. The conflicting styles of a white marble base with glass story's atop hardly look as if they were designed and built almost 100 years apart. Simply put, they compliment each other very well. There are 23 condo units within the Residences at Penny Savings Bank, and they are being bought up fast. On the first floor of the building will be a high-end restaurant and a Citibank. Residents, however, will have a private entry that opens up to a lovely lobby.

Please contact us for more information, or visit our dedicated development page - Penny Savings Bank.