The Clarendon Boston Herald Response
In response to the Boston Herald article today regarding The Clarendon topping off. I made the comment on the Herald website, but for some reason it did not take that well and put crazy symbols in it.
The Full Article – CLICK HERE
My Response -
Hey All – Tony Longo here from CondoDomain.
I just wanted to point out we are a huge fan of The Clarendon and the developer partner (Related) in whom we work with in other cities. They are certainly building something special over there in the Back Bay and we are continuously showing this property for our clients looking for this level of product in the Back Bay…actually our firm put the very first unit under contract @ The Clarendon when they opened sale earlier this year.
The Clarendon will sit among the “Best of the Best” of luxury buildings in downtown Boston. Just like the Ritz Millennium & One Charles have for the past few years and Trinity Place, which still is one of the top exclusive buildings to live in. The Related Group is known for building the best…and that will show when the time comes to open the doors.
Both 45 Province & The Clarendon stand clear on their own as very exclusive high-end luxury buildings. They were developed for a reason, that reason being the demand for super high-end buildings in superb locations – downtown – where this demographic “is” coming to live.
No it’s not for everyone, but certainly hits the mark for that clientele looking to spend in the $800 – $1300 per sq/ft and have every single service and amenity at your fingertips.
As for sales, The Clarendon isn’t unlike any other new construction building in Boston, or therefore, around the country. Because of the lack of “hipe” & “urgency” to buy pre-construction, most are waiting for the building to be complete so they can actually get in the unit, touch the produce and see their “views” first hand.
Unlike 2003-2005, where sales centers were like all-day parties, packed with people from the second they opened the doors to hours after they should have been closed for the day, that sense of urgency & exciting sales environment is gone. Yes, the economy has had a huge play in all of this, but the fact of the matter is people are still buying, but not in frenzy. They are buying with a more educated & thought-out mindset in which they have the time to make these decisions.
As we have seen all year long as buildings “come to market,” we forecast sales to have a huge spike in both of these development and every other development which is trying to market out of a sales center vs. actually getting these buyers UP and INTO the units so they can see what they love and what they don’t love.
CityBoy3 – we sympathize with you. After all, our young company does not produce the income to put us all up in these luxury buildings either. However, there are equally awesome buildngs that are much more affordable to all of us ‘normal people’. Feel free to check out our site at http://Boston.CondoDomain.com for a complete look at the downtown Boston RE market – at every price point!
