LuxBeat Local Real Estate Professionals discuss rumors, facts and opinions on Luxury Real Estate in Boston, MA and Providence, RI

I had the chance to visit the W Residences(<-----floorplans) sales office this week. I was very impressed with the finishes(Dark Bamboo flooring, granite/stone countertops, double sinks, soaking tub, granite countertops, and beautiful floor to ceiling windows).  The pricing was a bit steep but with new construction costs, it is tough to price anything reasonably. On the rear of the building, facing the South End, pricing starts in the $800/foot range.  On the front however, we are looking at pricing in the range of $1,050(Lower Floors) up to $1,500 for the beautiful penthouses.  Your 2 bedroom, front facing entry point is $1,375,000 and quickly moves to $2,000,000+ as you move to higher floors. The building will be spectacular with its hotel services, spa, gym, valet parking, bars, lounges and fine dining. I will be looking forward to seeing how sales go in this challenging time and poor lending environment.