That is right friends. The rumor is out and I personally think it is very close to becomming a reality. The BRA has approved the designs for a new glass tower that will house a W Hotel and luxury Condominiums. To say this will enhance 
the neighborhood is the understatement of the century. Just a block away from One Charles and the Boston Common, what some might think is a risk for W/Starwood, in my opinion is a HOME RUN. The Midtown/Theater District transformation is coming to fruition much sooner than most people thought.Â
May 11, 2007
W W W W WHAT?
May 1, 2007
Midtown Boston Going Ons And Rumors
- Millennium Partners 17 Story building called Hayward Place – Currently open air parking lot across from The Opera House.
- Vornado Realty Trust out of New York City have plans to build a 50 story tower above the old Macy’s . It is rumored the building will house retail(Perhaps A Whole Food?), hotel and Luxury condominiums.
- 10 West Street which was a complete gut rehab of a pre-war building was slated to house luxury loftstyle condos. Unfortunately sales were not as strong as anticipated and and the developers decided to sell the entire property. It is rumored to be under agreement with Suffolk University and will be used for dorms(Lucky kids).
- Down Washington St. across from the new Archstone Apartment complex, Kensington Investments are rumored to be building a 30+ story tower designed to house high end apartments and condos.
Sales Prices in One Charles Boston Continue To Rise
Since the building first opened its doors in late 2004 sales at One Charles in Boston, MA have steadily risen. Units that were originally selling for $550-$650/foot are now fetching upwards of $800. Units with commanding views are selling between $1,000/ft and $1,400/ft. All we hear in the media is how slow the real estate market is, but what they leave out is how hot the condo market is (Upcoming blog).
**If you would like to see a recent sales history on the building please visit a popular listing page on LuxuryBoston.com and scroll down to the active grid. This will give you a great idea of what units are selling for in the building.