LuxuryCondos

Chiofaro and Luxury Building Cut Down to Size

The next luxury condo building in Boston is going to be closer to the ground than expected. ~~Local windbag~~ controversial real estate developer Don Chiofaro has been fighting a losing battle over the new building and is finally yielding to pressure from the community. The $1 billion plan involves two towers, with commercial space in the shorter sibling of the residential tower.

A decorative arch atop the residential building (which would also include a hotel) would push the building from 690 feet to 780 feet. Removing the arch and cutting the size brings it down by 155 feet – to the 625 feet that the Massachusetts Port Authority will allow. Anything higher, Massport says, would get in the way of nearby Logan International Airport's air traffic.

Chiofaro tells the Boston Globe, "I have no problem with 625 feet, if that's where [we] end up," leaving room for a small victory that would put this Icarus a touch closer to the sun. Given how scarce his friends were when he nearly lost his International Place towers a few years ago, I'm betting he isn't likely to get much above the Massport cutoff.

When the building is finally finished, residents will get fantastic views of the Rose Fitzgerald Kennedy Greenway, along with unbeatable bragging rights.

Source

Tags: boston, boston globe, BostonGlobe, greenway, luxury condo, luxury condos, luxury real estate, LuxuryCondo, LuxuryCondos, LuxuryRealEstate, massachusetts, rose kennedy, RoseKennedy

Luxury Homes in NYC's Chelsea at The Caledonia

by Lisa Palladino (RSS feed) —

Filed under: Estates, Services, Real Estate Developments

No matter the economy or state of the world, New Yorkers like their luxury, and one of the finest recent examples of upscale living is Chelsea's The Caledonia. Expertly built and managed by The Related Companies, this new hybrid building (includes condo owners and renters), which overlooks the High Line, already is sold out in its ownership division. As of a few weeks ago, however, rentals were still available. Sizes range from studio to three-bedroom, and some of the 190 units have terraces.

I thought I had a nice apartment until I saw the lobby, let alone the units! Eco-friendly bamboo floors and cabinetry, top-end appliances, large windows, key fob entry, spa-like bathrooms, and the Holy Grail of the NYC dweller -- a washer and dryer in each unit -- make me want to sell my place and move right in. And if I lived in a Related building now, I could easily do that, as Related makes it easy to transfer to another company unit within NYC, or even in another city.

Gallery: The Caledonia