Waterfront Battery Wharf Condos Currently Priced Well Below 2005 Preconstruction Prices

Battery Wharf has been under construction for the past 3 or 4 years, and since it's groundbreaking, the project was slated to be the newest luxury hotel-condo development on Boston's waterfront. The 105 residences originally went on the market at preconstruction prices starting at $975,000 for a one-bedroom condo. Regent Hotels & Resorts teamed up with Battery Wharf in 2004, and the development was to offer 150 luxurious hotel rooms (in addition to the 105 residences), as well as many services and amenities to the residential condominiums. Regent Hotel and Resorts announced in June that it was no longer going to be associated with the development, and was leaving the Battery Wharf project. Condominium residents at Battery Wharf were concerned because many of the amenities that they had been promised (such as 24-hour concierge service, valet parking, 24-hour room service, a state of the art spa and fitness center, and more) were now put on hold, until Battery Wharf found a new hotelier. Thankfully, for the development, it's residents, and the North End/waterfront area, Fairmont Hotels & Resorts announced it will take Regent's place, and manage the new Fairmont Battery Wharf. Scheduled to open in December 2008, Fairmont Battery Wharf will feature a restaurant, "designed with guidance" from three-star Michelin Chef Guy Martin, and lounge with harbor views and water taxi service to Boston Logan International Airport.

Now is a great time to purchase a condo at Battery Wharf, and be one of the first to experience the newest full service luxury development on Boston's waterfront. Several units have been drastically reduced in price since originally being marketed with a minimum preconstruction price tag of $975,000 in 2005. Currently, 1-bedroom homes, with 1-full, and 1-half bath, and almost 1,000 square-feet of living space begin at $750,000! If you would like to take advantage of this great opportunity to purchase a brand new waterfront home for well less than preconstruction prices, contact us today for more information about purchasing at the new Fairmont Battery Wharf Hotel and Residences.

Battery Wharf currently has many listings on the MLS. Please click the following list for a full list. If you would like any additional information on the units, or the development, please contact us at 800-975-5BCG (5224).
Battery Wharf Listings

Click this link to view our Batter Wharf Development Page - Battery Wharf

Battery Wharf Project Picks Up Pace

Piling by piling, beam by beam, story by story, the impressive mixed-use development known as Battery Wharf is beginning to take shape on the North End waterfront. With a delayed ground breaking about 18 months ago, many questioned the developers anticipated completion date of fall 2007 for this massive project. Simply getting started on the construction of the development was not an easy task for the construction team. As a North End resident, I have seen each step that has been taken since ground breaking. From the months of removing old rotten wood pilings from Boston Harbor, to the digging of the foundation and underground parking garage (which will contain over 375 valet parking spaces), to the hammering of new steel and concrete pilings, to the erecting of the building structures. During this time, residents and visitors to the impressive North End site have seen the construction teams working in rain, snow, intense temperatures and everything in between. The crew seems determined to have the residences and amenities available to condo owners by the end of the year.

The $275 million project will include 104 residential condominiums, a Regent Hotel with 150 guest rooms, a 30,000 square-foot fitness center and spa, restaurants, cafes, conference rooms, a nice bar, lounge... you name it. The exterior structures of 3 of the 4 buildings are near completion, with one building yet to commence. The two pier buildings are going to be the first completed, with The Regent Hotel guest rooms and facilities on the first two floors, and the beautiful residences on the upper four (4) floors. In front of the pier buildings will be a 300 foot marina with boat slips available to the residences for purchase.

With the number of residential sales increasing for the buildings, it seems that the development should approach sold-out status by the time completion is near. Contact us today for more information on the project known as Battery Wharf: Utopia Engineered.

Understanding Boston's Condo Hotels

Just a few years ago, when the national real estate market was soaring, one of the trendiest properties to buy was the new condo hotels. Although the concept wasn't newly born, it appeared as such when condo hotel projects were sprouting up all over Miami Beach, Orlando, Fort Lauderdale and Las Vegas. What's not to love? The sales pitch is quite attractive; own a condo at one of the newest and hippest hotels in the country, receive all the glorious amenities of the hotel, mingle into the hotel's social scene, enjoy lavish spas and spectacular dining just a few floors below you, and realize the potential for regular rental income.
Unfortunately, as with most things, if its too good to be true, yada, yada, yada. As the real estate market slowed down, many projects in Miami Beach and Las Vegas had the plugs pulled before the first brick was even laid. Of the buyers who purchased pre construction, most had their 10% deposit returned to them. However, even with a few scrapped projects, condo hotels are still here, and because people desire them, more are on their way. Nationwide, 81 projects are currently in construction, with 29 opening this year alone.
Although Boston hardly supports a tourist market anywhere near the size of Florida and Nevada, some of the city's best hotels offer condo ownership. Just opened is the Intercontinental on Atlantic Avenue with 130 condominiums. Within the year, Battery Wharf in the North End will open with 104 units, and, soon after, the Mandarin Oriental with 40. Open for years has been the Residences at the Ritz Carlton Hotel with 53, Four Seasons Place with 90, and Rowes Wharf at the Boston Harbor Hotel with 96 condos. And that's just to name a few of them.
If you're interested in purchasing a residence at a hotel, its important to learn as much as you can about what comes with your ownership. What, if any, interaction exists between the residences and the hotel. Many times, especially in Boston, residences are not allowed to participate in any rental programs. In such cases, the units are generally much larger and more luxurious then the hotel units. If you're interested in learning more about any of the properties listed in this article, please contact us.