With a
ribbon-cutting event, the 176-unit first phase of East Bostons only
luxury apartments are officially open! Located at 50 Lewis Street
on East Bostons waterfront, these new apartments are everything one
could ask for.
Extensive planning for Portside at East Pier began in 1997 while
construction began in 2006. Progress was soon after paused due to
the market decline, to be picked back up in 2012 after Massport
restructured the ground lease. The plan of this luxury apartment
complex includes seven buildings over a 13-acre Massport-owned
waterfront property. When complete, the number of apartments will
total 550, along with 17,000 square feet of retail space.
President of Roseland Properties, Marshall Tycher, who is the
developer based out New Jersey stated, Weve been through a few
recessions and a rigorous process with the community. But now weve
opened in Boston during a boom time with a project thats the
epitome of urban regentrification.
Portside couldnt be in a more pristine location. Some
conveniences include extraordinary views of the city across the
Boston Harbor, easy accessible transport- only a block away from
the Maverick Square Blue Line T stop- as well as numerous shops and
restaurants in the immediate vicinity. One of Portsides operations
managers, Michelle Ronayne, spoke on their on-call water taxi
service offered out of a pier behind the property saying, Its
actually easier to commute to downtown Boston from here than from
much of the Seaport District. You can either go by water taxi or go
two subway stops to State Street.
The different units range in square feet and price. Studios with
567 square feet start at $1,925/month, one-bedrooms with 730 to 820
square feet start at $2,335/month and two bedrooms from 1,052 to
1,477 square feet start at $3,260/month. In addition you can
purchase an outdoor parking space for $75 a month per vehicle and
or a garage space that is $150 a month. It is a pet friendly
environment with a fee of $30 a month per cat and $60 per dog.
Some stand out features included in a one-bedroom unit that was
viewed include espresso-stained cabinets, granite counters with a
breakfast bar and Whirlpool stainless-steel appliances. It includes
a living/dining area with hardwood-look vinyl flooring, a carpeted
bedroom and a porcelain-tiled bathroom. This 820-square-foot unit
is renting for $2,500 a month.
Another unit that is 1,407 square feet with two bedrooms, two
bathrooms, and a magnificent view of the Boston skyline is renting
for $4,700/month. Some features in this end unit are an open
kitchen/living/dining area with a granite island, a wall of windows
and two glass doors out to a wraparound balcony.
Other outstanding amenities of the building include a 24-hour
concierge service, a Wi-Fi enabled clubroom with a gas fireplace, a
catering kitchen, a billiards table and gaming area, a business
conference room, a childrens playroom and a fitness facility.
Were seeing renters from East Boston, the Seaport District and
the North End who are coming over here for the view and moving here
to get more space for the money, said Frank McAdams, Portsides
director of operations.
It has been reported that 24 apartments were leased in the first
two weeks which is great movement for Portside at East Pier. The
next two buildings are scheduled to break ground in the spring
adding an indoor swimming pool and roof decks. East Boston is on
the rise and couldnt see better progress of this luxury
development. The opening is a major step in creating a dynamic,
thriving waterfront neighborhood.