Affordable Apartments At The Mandarin Oriental Up For Lottery
As my colleague Jared Paul Stern mentioned back in October, Boston's most expensive penthouse located atop the brand new five-star Mandarin Oriental hotel is for sale for $17 million. But those who can't afford that can still get into Back Bay's new luxurious address if they win the lottery of 10 affordable apartments in the building. The lottery is part of a city initiative to bring middle-income residents to the city's pricier addresses.
Starting on Monday, the building swill begin accepting applications for a lottery that will select tenants to live in building for rents ranging from $1,254 to $2,172 a month for the one- and two-bedroom apartments. Rents on the 25 market-rate apartments range from $6,000 to $13,000 a month. The Boston Globe reports that to qualify, individuals must make between $48,050 and $72,050 a year, and a family of four, between $68,650 and $102,950. Those who already live in Boston and handicapped tenants will be given preference. The apartments are identical to the higher-priced units including Atlantic green granite counters in the kitchen, Portofino marble in the bathrooms, soundproof windows and access to the concierge downstairs. Applications can be picked up at the lower level of the Prudential Center at 800 Boylston St. beginning Monday.