$/sq ft Thresholds Being Shattered in the Seaport

Closings have begun at The Residences at the St. Regis, the last new construction residential building on the Seaport waterfront.  With the penthouse selling at just under $13 million, the 4,574 $/sq ft sale price has set a new record in the Seaport.  Four other homes in the building have sold at over $7 million.  

The building has 22 stories and 114 homes, and all the five-star amenities that the St. Regis brand is known for including: resort-style pool, spa, owner's lounge, state-of-the-art fitness center, and two guest suites for visitors.  There is no hotel component to the building, making it the St. Regis' first standalone project anywhere in the world.

The luxury market remains strong, especially in the Seaport.  The recent sale of one of the penthouse homes at 50 Liberty for $13.5 million set a new $/sq ft record in the building at 3,730 $/sq ft.  No question the market standard has been set for 2023.  With interest rates coming down from their highs and still very low inventory, my team and I anticipate a very strong market here in Boston in 2023.

Read more on the Boston Business Journal.

Thinking of buying, selling or renting in the Seaport?  With Amazon coming in and the revitalization of the Commonwealth Pier, there's never been a more exciting time to be in Boston's hottest neighborhood.  Contact me to get started!

Posted by David Green on
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