Boston Real Estate Blog » Luxury Real Estate

Breathtaking Back Bay 2 bed / 2 bath Now Available

Mara Tamaroff — Mon, 19 Sep 2011 19:24:07 +0000

Bushari Group Real Estate is pleased to offer 8 Gloucester Street, unit 11 in the Back Bay for purchase. This spacious and sunny Back Bay gem is the perfect oasis in the bustling city. Steps from the Charles River Esplanade, Boston’s best restaurants and incredible shopping, this beautiful 2 bedroom, 2 bath home offers elegant luxury with the convenience of a modern lifestyle.

Spectacularly renovated and in the heart of it all, this home features unwavering attention to detail. Fit for the most discerning urban sophisticates, this renovated home in an elevator building on the corner of Gloucester Street and the sunny-side of Marlborough Street features a spacious layout, bow front living room, separate dining area, open kitchen and two large bedrooms with en suite baths. Three exposures fill this 5th floor home with natural light and offer roof-top views of the Back Bay skyline. Custom built-ins and the fireplace bring classic charm. Other amenities include soft-close kitchen drawers, in-unit washer/dryer, Brazilian cherry floors, granite counters, stainless steel appliances, as well as dual sinks and frameless glass shower in the master bathroom. Enjoy the fireworks and breathtaking views from the shared roof.

Property Details:

8 Gloucester St. #11

Available for Purchase at $900,000

2 bedrooms, 2 baths (en suite)

Appx. 1,175 SF

Two rental parking spaces pre-paid for one year included in the sales price

For more information visit www.8Gloucester.info or contact the exclusive listing agent, Elad Bushari, at 617-529-7079 or elad@bushari.com

The Clarendon Back Bay is 50% Sold

Elad Bushari — Wed, 02 Mar 2011 16:53:53 +0000

Exactly half of the condominium units at the posh Clarendon Boston development on Stuart Street in Boston are expected to be sold by the end of the week, just another sign to some that the Back Bay is downtown Boston’s most sought-after neighborhood.

The development recently closed on the 50th of 102 total condominium units. The 51st unit is expected to close Friday, according to the project’s sales team. In a market where other high-end condo projects have struggled to sell, The Clarendon‘s 50 sales should put them in a good place for future financing and gives prospective buyers more confidence in the property, said a local broker that focuses on the downtown Boston market.

Residences in the 33-story tower, which also contains rental units and a restaurant, have sold at an average of $1,150 a square-foot.

Traveling east on Stuart Street, the condos at the W Boston Hotel have experienced increased interest after the property’s developers filed for bankruptcy protection. Six units are under agreement and set to close this month, and currently nine in total are scheduled to close before summer. There have been 29 condos out of 123 sold so far at the W Residences Boston, not including those under agreement.

Downtown Crossing’s 45 Province has struggled to sell its condominium units, selling just 29 out of 137 residences.

Source: Banker and Tradesman.

Weston Foreclosure: 30 Old Road Weston – Deal of the Century!

Elad Bushari — Wed, 10 Nov 2010 13:49:09 +0000

Originally listed for $6,350,000 in April of 2007, this new construction Weston home is offered to the public at only $2,700,000. This home got foreclosed on earlier this year, and now the bank is offering it at a steal value, considering no one lived there so far.

Architectural detail and unparalleled craftsmanship grace this 10,000SF Colonial set on over 2 acres in the desirable Webster Hill Estate neighborhood. The residence boasts a spectacular floor plan including a 2-story foyer, magnificent Scandia kitchen, stunning cherry library, 6 bed.rooms and a finished lower level highlighted with fabulous media room, exercise room and wine cellar. The beautifully landscaped grounds are enhanced with stone walls, a waterfall and koi pond.

Call or Email Elad Bushari to arrange a showing @ 617-529-7079

Property stats:

Bedrooms: 5

Bathrooms: 5/3

Fireplace: 6

Garage Parking: 3

Outdoor Parking: 8

Acres: 2.2

Size: appx. 10,000 square feet, including lower level

Photos:

Call or Email Elad Bushari to arrange a showing @ 617-529-7079

Bryant Back Bay is on the Auction Block… Again!

Elad Bushari — Mon, 18 Oct 2010 11:47:11 +0000

The Bryant Back Bay, a luxury real estate development in on Columbus St, between the Back Bay and the South End is auctioning off it’s remainder properties on Sunday, November 7th 2010.

Bryant Back Bay is home to one of the most unique features found in Boston; luxury private elevators that whisk residents directly into their homes. The digitally secured private elevators that can be accessed from the garage or one of the three elegantly appointed ground floor lobbies allow residents the convenience to stroll right into the homes.

Indoors, deeded self-parking enables residents to drive in and out of the building without the hassle of waiting with valet parking in other buildings.

Amenities include:

State of the Art Fitness Facility (coming in Dec. 2010)
Private elevator access directly to residences from parking and lobby
Secured, deeded self parking
Klaus Fuchs designed lobby
Private storage units
Lobby attendant for personal errands
Barkan management services
Low common charges
Pet friendly building

Exhale Spa is Openinig at Battery Wharf

Elad Bushari — Wed, 09 Jun 2010 20:55:38 +0000

The renowned mind body spa, exhale, will be opening a flagship location at Battery Wharf. The 12,000 square foot venue will open in January and be located next to the Fairmont Battery Wharf and the Residences at Battery Wharf. This will be the third Boston location for exhale which has been named the city’s best spa several years in a row.

“Exhale will integrate a collection of spa, fitness, healing, and relaxation programs throughout Battery Wharf to create a signature retreat on Boston’s urban waterfront, inspiring transformation and renewal in everyday life,” said Annbeth Eschbach, CEO and President of exhale.

The Residences at Battery Wharf have been described as sophisticated, elegant and wonderfully European. They form a surprisingly private enclave in a resort-like setting on the edge of the North End waterfront.

Ranging from one bedroom + study to four bedrooms, these homes are well designed, well executed, and offer magnificent city and harbor views. All of the features one would expect in such a home are here: top-of-the-line finishes, private decks on most units, garage parking, and private storage, plus proximity and access to the Fairmont Battery Wharf hotel and Sensing Restaurant.

W Residences’s developer files for bankrupsy

Elad Bushari — Thu, 29 Apr 2010 16:40:27 +0000

Just months after opening a 28-story tower in downtown Boston, the owner of the upscale W Boston Hotel and Residences filed for bankruptcy protection yesterday, a stunning financial breakdown for a developer that labored for more than a decade, only to open as the hotel market plummeted and condo sales still had not picked up.

Documents filed in US Bankruptcy Court in Boston by SW Boston Hotel Venture LLC, a subsidiary of Sawyer Enterprises, list liabilities of $100 million to $500 million.

Several months ago, the City of Boston provided a $10.5 million loan the developer said it needed to finish building the $234 million project.

The complex’s troubles began even before its October opening, with Sawyer struggling to pay for furnishings and high-end finishes that guests and condominium buyers expect from the W brand, which emphasizes luxury amenities and aims to cater to trendsetters.

The W’s cash flow troubles grew early this year with slow sales of its high-priced condos. Typically, large hotel complexes rely on quick sales of the condos to allow the expensive hotel operations to establish a foothold in the market.

So far, 12 of the 122 condominiums, or about 10 percent, have been sold, according to Listing Information Network, which tracks downtown Boston sales. Sawyer said more units are under agreement, but with the housing market still unsettled, closing deals for luxury condos remains difficult. The W units have sold for as much as $1.9 million for a three-bedroom and $345,000 for a studio.

In Boston’s Theatre District at the corner of Stuart and Tremont streets, the W is a striking building with a sheer glass face, accented by fluorescent backlighting. It has 235 hotel rooms on its first 15 floors and 122 luxury residences on the top 13. Rooms can cost more than $300 a night.

In a statement yesterday, Sawyer said the condo and hotel operations will not be affected by the bankruptcy filing.

SW Boston developed and owns the complex, but the hotel is operated by a separate company, Starwood Hotels & Resorts Worldwide Inc.

“Sawyer Enterprises’ goal is to restructure its existing debt and pay its creditors in full, and to continue to operate this project for the long-term,’’ the company said. “Chapter 11 provides the breathing room to do so.’’

Sawyer Enterprises is run by Carol Sawyer Parks, daughter of taxi magnate Frank Sawyer, former owner of Checker Taxi Co. of Boston.

Sawyer had been trying to develop a hotel complex on the property since the 1990s, and was close to launching one with Loews Hotels in 2001 when the 9/11 attacks sent the economy, and the travel and hospitality industries in particular, into a deep funk.

The city, while long supporting a hotel for the Park Square property, was cautious about backing Sawyer. Last summer, Sawyer executives said they needed the city funding or the complex would not open on time. When it did loan the $10.5 million, Boston required Sawyer to put up several additional properties as collateral, in case of trouble with the W complex.

“We are committed to continuing to work with the W Hotel and other creditors to achieve a speedy resolution to this matter,’’ the Menino administration said in a statement.

Real estate and hotel specialists said the W opened at precisely the wrong time, with the hotel market tanking and the luxury condo market yet to fully rebound from one of the worst downturns in decades. Overall, rates for hotel rooms are down 12 to 15 percent in the Boston area since 2007. Condo sales began to rebound at the beginning of this year, but the W found itself in competition with several other new luxury complexes, including the Clarendon in the Back Bay and 45 Province downtown.

“The business model on which their financing was approved does not work in today’s falling-rate environment,’’ said Pat Moscaritolo, chief executive of the Greater Boston Convention & Visitors Bureau. “This is not an uncommon event right now.’’

Despite the broader economic turmoil, the W bankruptcy filing was remarkably sudden.

The hotel opened with fanfare last fall. Employees arrived for a 10-day training in trolleys that blared disco music. Stepping onto a purple carpet, the employees were met by a throng of faux paparazzi and a Joan Rivers impersonator. Inside, a tattooed DJ with a braided beard was spinning “Let the Sunshine In.’’

In explaining the touches the W uses to cultivate its air of exclusivity and hipness, such as labeling its housekeepers “stylists,’’ Roger Paull, senior director of brand management, told employees that day: “We’re not really a cult, but by using these words, we give [guests] something that is a little cult-like.’’

Looking for the Best View of Boston? Cross the River!

Mara Tamaroff — Sun, 14 Mar 2010 22:18:41 +0000

If you are searching for a Boston condo with spectacular water and skyline views, you should know that the best view of Boston is from across the Charles River. The Regatta Riverview Residences in Cambridge is only steps from Beacon Hill and Massachusetts General Hospital, but homeowners in the building enjoy paying lower Cambridge real estate taxes than their Boston neighbors. Hey, can’t complain about that! They also have absolutely breathtaking views of the sparkling Charles River and Boston skyline. I have seen hundreds of Boston condos in luxury high-rises and charming brownstones, but nothing compares to the views from unit 2223 at the Regatta.

The ultimate in modern luxury, this spectacular home offers sweeping views of the Charles River and Boston skyline. Fit for the most discerning urban sophisticates, clean lines and custom finishes make this residence a contemporary masterpiece. The spacious, corner layout is flooded with natural light and offers a private terrace overlooking breathtaking views. The expansive kitchen exudes elegance with custom Italian cabinets, exquisite granite counters, as well as high-end Miele and Sub-Zero stainless steel appliances. Entertaining is a breeze with the open floor plan and large kitchen island. This home features sparkling Brazilian cherry floors throughout, custom Italian closets, a spacious laundry room and three opulent baths finished with luxurious marble and Italian tile. Relax in the master suite, a tranquil oasis offering a peaceful sitting area and an air-jet tub, perfect for the at home spa experience. This unique property includes ample closet space as well as two deeded storage units and two valet garage parking spaces. Unit 2223 at the Regatta Riverview Residences is truly one of the most impressive and awe-inspiring offerings on the market.

The Regatta Riverview Residences is a luxury, full-service building in popular East Cambridge. Across from the new North Point Park and the Charles River, local attractions include the Esplanade, Museum of Science, Galleria Mall, playgrounds, tennis courts and a marina. Located near Massachusetts General Hospital, MIT and Beacon Hill, the Regatta is also steps away from the Green Line MBTA and Red Line shuttle. Building amenities include 24-hour concierge, pool, fitness center, movie theater, business center and club room.

3 bedrooms, 3 bathrooms, 2 garage parking spaces

1,842 Square Feet, private terrace

10 Museum Way #2223 is available for $1,790,000

Call listing agent Elad Bushari for more details at 617-529-7079

Seaport District Loft Is A Great Deal

Elad Bushari — Thu, 25 Feb 2010 14:14:37 +0000

Penthouse 202 at 25 Channel Center Street offers soaring ceilings and walls of glass from all rooms with panoramic city and water views. This loft has an open floor plan, large kitchen with Viking & Sub Zero appliances, fireplace and a large balcony. The large master bedroom has soaking tub and a separate shower. 2 garage parking spaces are included with this spectacular seaport district loft.

So, why is it such a great deal? Asking price is only $899,000. This is a short sale, which means that the asking price is LESS than what is owed to the bank. At $588 per square foot, this loft can be a very affordable option to many buyers.

25 Channel Center Street is a full service building with 24-hours concierge, it was built from the ground up in 2005 and offers some of the most unique lofts available in the Boston.

More information about 25 Channel Center

More information about penthouse 202

Want a better deal? This is a lease expansive loft in the building: 25 Channel Center Unit 209

Lincoln Estates perfect for growing family

Mara Tamaroff — Wed, 27 Jan 2010 16:27:02 +0000

Bushari Group Real Estate is now exclusively offering four spectacular new construction homes in Hingham, MA. Perfect for a growing family, the four homes range in price from $799,000 – $1,250,000. This suburban paradise offers a fantastic option for Boston real estate owners looking to upgrade.

Currently four private lots, buyers still have time to choose the perfect floor plan and upgrades for their lifestyle. Dennis Road will be extended to a quiet cu-de-sac, surrounding by four luxury homes. Lots range from approximately 1.5 to 3.2 acres, and offer a secluded oasis bordering acres of conservation land.

Located close to the new Hingham Plaza Mall and only minutes away from the shopping and great restaurants of downtown Hingham, Lincoln Estates is truly the best Hingham has to offer.

Lincoln Estates is all about you. Choose one of our custom designed homes, or bring your own ideas. The expertly designed homes will feature sparkling red oak hardwood floors, gas fireplaces in the living rooms and master bedrooms, luxurious baths with Kohler® fixtures and charming details. The opulent, open kitchens will offer stunning maple cabinetry, granite counters and either GE Profile® or Thermador® appliances, depending on the floor plan.

The homes at Lincoln Estates will offer two and three car garages, expansive decks and incredible attention to detail. Call us today to learn more about the luxury, location and lifestyle that defines Lincoln Estates.

Spectacular 2+Study Now Available at The Regatta Riverview

Mara Tamaroff — Mon, 25 Jan 2010 15:06:40 +0000

Bushari Group Real Estate is proud to introduce this spectacular home now available for purchase. Enjoy stunning Charles River and Boston skyline views from every window of this 1,730 square foot home. This sun-filled, corner residence on the 17th floor offers Southern and Eastern exposures, 2 bedrooms, a large study and 2 full baths. The spacious kitchen opens into the the living and dining area, making entertaining a breeze. The master suite features dual walk-in closets, a luxurious bath and a private terrace. No detail was overlooked in the renovation of this opulent residence. Two garage spaces included. Across from the new North Point Park, the Regatta Riverview Residences is a luxury, full-service building with 24-hour concierge. Located near everything Boston and Cambridge have to offer, this home is close to MGH, MIT, Harvard, Beacon Hill, the Esplanade, the Galleria Mall, tennis courts, a playground and public transportation. Available exclusively for $1,500,000