Can you imagine saying that you are living higher up than anyone
ever has in the city of Boston? Well, you soon will have that very
opportunity as the plan for a 47-story luxury real estate building
to be built in Bostons Back Bay
neighborhood has been approved! The location of this project
will be at Copley Place, above the Neiman Marcus store and once
completed will be Bostons tallest residential building. At 569
total feet and only five stories shorter than the citys famed
Prudential Center, one can only imagine the views these units will
have, it will be truly breathtaking to say the least.
Designed by the Elkus Manfredi Architects, the $500 million
dollar tower has been allowed to start construction sometime early
in the new year by the Boston Redevelopment Authority. The
developers, the Simon Property Group from Indianapolis, promise
that it will alleviate 35 percent of the unemployment rate for
building trades in the state of Massachusetts and will pump $7
million dollars into the city annually in tax collections. The plan
proposes 318 condominiums to be built with an additional 10
affordable housing apartments, expanded and updated spaces to
Neiman Marcus, a public winter garden, and the creation of other
shopping areas.
Additional important approvals by city officials in the past
couple of weeks were for a smaller building to be built with 404
apartments on Stuart Street near Bostons Theater District developed
by the Abbey Group; a mixed-use plan to be built on Boylston Street
with shops, offices and 210 apartments; and an additional 35 units
of affordable housing to be built in the South End of Boston.
Although these proposals from various groups have received much
scrutiny, their overall ideas and hopes of improving our
neighborhoods has won over those officials empowered with making
the decisions on these matters.
We look forward to following along with these exciting projects
closely as they will certainly be affecting our real estate market
and economy as a whole a great deal. For further information,
please visit the websites below.
More information: Boston.com 1,
Boston.com 2