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Cheryl Marsh

Tim Marsh Lists Full Service Condominium with Large Private Terrace and Garage Parking at The Macallen!

      

Stunning high floor 2BR, 2.5 Bath 1,886 SF triplex in the full service Macallen Building.   Unit highlights include: Large private terrace with water and city views.  Garage parking.  Large LR with lofted ceilings, linear electric FP, wet bar, picture window and wood floors.  S/S and granite kitchen.  Sumptuos master bedroom suite.  C/A.  W/D.  Building amenities include:  24/7 concierge.  Elevator.   On-site professional management. Garage parking.  Palatial 18,000 SF landscaped rooftop garden with heated lap pool and multiple gas grills.  Fitness Center.  Media room with kitchen.  Bike storage.  The Macallen is located just south of the Financial District and close to many restaurants, major routes, a Whole Foods market and public transportation.  Gold LEED Certified Building.  Price:  $1,695,000

Contact Exclusive Listing Broker, Tim Marsh, at 617-548-7145 or tim@bostonluxuryrealestate.com

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    Tim Marsh exclusively lists 257 Commonwealth Avenue condominium in the Back Bay for $10.5M

      

    257 Commonwealth Avenue was built circa 1886 for industrialist Alexander Cochrane by the renowned firm of McKim, Mead & White - architects of the Boston Public Library and the East and West Wing renovations at the White House.  The Cochrane House was developed into six private residences in 1985.  Residence 3 is a rare and coveted combination of the entire parlor and second floors, connected by a grand elliptical staircase and overlooking the Commonwealth Mall.  The parlor floor features the mansion’s original public rooms - perfect for entertaining on a grand scale yet comfortable for family living.  The centerpiece is the forty-foot Great Hall. Today it serves as this condominium home’s elegant entrance foyer with room for a piano and a family room at the opposite end. The drawing room, bay windowed living room and dining room are accessed from the Hall, allowing for excellent flow.  Adjacent full, updated kitchen. Powder room.  Palatial and newly renovated 900+ SF private deck.  The second floor offers a masterful entertaining salon with a full kitchen.  Powder room.  Library.  Master bedroom with a marble bathroom and large walk-in closet en suite.  Two-three additional family bedrooms.   Adjacent full bath.  Additional features and amenities include massive pocket doors, soaring coffered ceilings, stunning wood and plaster detail, seven fireplaces, central air, W/D and keyed elevator access.  Two full garage spaces.  Professionally managed Association.

    Price:  $10,500,000       Size:  5,930 Interior SF.    900+ SF Private Deck.    

    Contact Exclusive Listing Broker, Tim Marsh for more information or a private viewing.  

    (C) 617-548-7145    email:  tim@bostonluxuryrealestate.com

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      Marsh Properties Selected Exclusive Listing Broker For Rare Oversized One-Bedroom Harbor-View Condo at Battery Wharf

          

      Beautiful South-facing one bedroom full service condominium in coveted Battery Wharf on Boston Harbor.  This oversized home offers nearly 1,300 SF.  Large open living room with Brazilian cherry wood floors, dining area and step out balcony offering direct Harbor views.  Open chef's kitchen features stainless steel appliances, gas cooking and granite counters.  Large master bedroom suite is replete with custom built-in cabinetry, numerous windows with Harbor views, custom walk-in closet and a luxurious marble bathroom en suite with double-sink vanity, soaking tub and large shower stall. Additional powder room. One valet garage space and private storage.  Washer & dryer.  Battery Wharf amenities include doorman, concierge, security, on-site professional management and fitness room.  The attached Battery Wharf Hotel offers offers in-room dining and housekeeping services. The Aragosta Bar & Bistro, Exhale Spa and Marina and Water Taxi (Logan Airport service) are on-site.   Located on the Boston Harbor and close to the North End, major routes, North Station and TD Garden.

         

      1.  For more info or to set up a showing, contact Cheryl Marsh at 617-797-5781, cheryl@bostonluxuryrealestate.com or

      Tim Marsh 617-548-7145, tim@bostonluxuryrealestate.com

            

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        Interior Finishing Wrapping up for Pier 4 Luxury Condos

        Courtesy of Bldup

        About Pier 4 Phase II

        130-140 Northern Avenue, Seaport DistrictBoston, MA

        Tishman Speyer's second phase of their $500 million Pier 4 development project overlooking Boston Harbor. featuring a nine-story residential building containing 106 luxurious one-to-four-bedroom condominiums with 17,000 square feet of ground-floor retail. The building will feature a rooftop terrace and state-of-the-art amenities. Pier 4 will include a one-acre public waterfront park. A two-level underground parking garage will be located on site.

        Each condominium at Pier 4 will feature private outdoor space; penthouse condominiums will also feature private roof decks. Pier 4 will offer the only Seaport residences surrounded by water on three sides. Resident amenities will include pet-friendly conveniences, an exclusive residents club, an expansive outdoor terrace, a seating and dining area with a fire pit, a luxury fitness center with state-of-the-art equipment, virtual golf, and on-site self-parking and valet.

        On the ground floor of the residential building will be the Seaport's first farm-to-table restaurant. The restaurant will be operated by Kristin Canty, owner of Concord, MA's Woods Hill Table, and will have 140 seats, including a raw bar, along with a 40-seat patio. On the office building's ground floor will be a location of Tatte Bakery & Cafe over 3,600 square feet in size.

        Boston had nation's worst rush-hour traffic congestion in 2018

        By Tom Acitelli - Curbed Boston 

        Boston drivers wasted an average of 164 hours in rush-hour traffic in 2018, the highest total among U.S. cities, according to a new report from research firm INRIX

        The company analyzes millions of bits of data for its annual Global Traffic Scorecard. Boston always scores rather high, but this year the city appears to have rated particularly bad. 

        For the first time, too, INRIX looked at commutes in terms of peak (slowest travel times) versus inter-peak (fastest point between morning and afternoon commutes) travel times. In Boston on average, commutes increased 27 percent during peak versus inter-peak hours.

        There was a bit of good news in the report. “[I]n cities like Boston, Washington, D.C., and Chicago, a higher proportion of trips are taken via public transportation, walking, or cycling.” Any car trips then are more likely to be related to business, the report said—unlike in, say, Los Angeles, where everyone drives everywhere for everything. In fact, INRIX said that L.A. was the most car-dependent city of the top 10. 

        A rundown of that top 10 is below. 

        Perhaps its status as the U.S. city with the worst rush-hour traffic will drive Boston’s leaders to reconsider congestion pricing once again. Or maybe the T will be fare-free sooner rather than later.

        Tim Marsh - Owner/Broker

        Marsh Properties, Inc.

        NYC Luxury Apartment Sales Drop

        By Diana Olick of CNBC

         

        NYC luxury apartment sales drop from CNBC.

        Boston Airbnb regulations target tenants, investors renting per night

        Rules largely spare owner-occupied properties

        By Tom Acitelli  Updated 

        Marcio Jose Bastos Silva/Shutterstock

        The Boston City Council voted overwhelmingly on June 13 to impose new regulations on home-sharing sites such as Airbnb that operate in the city.

        The 11-2 vote ensures that the chamber could override any veto from Mayor Marty Walsh, though such a veto is unlikely as Walsh has called for reining in the use of such sites.

        The new regulations target tenants and investors who rent out apartments on a per-night basis. The rules largely spare smaller owner-occupied properties such as two- and three-family homes. Units in those can still be rented out if the owner is there.

        The regulations also establish a city registry for short-term rental hosts, who will have to pay a $200 fee to join it. That registry will be publicly available, ostensibly making it easier for residents to know who or what is renting out space in their neighborhoods through Airbnb.

        The June 13 vote caps months of contentious debate on the subject, and brings Boston more in line with neighboring Cambridge as far as Airbnb regulations. Proponents of the rules say that Airbnb and the like drive up cities’ already-high housing costs. Opponents say the regulations rob tenants and investors of extra income.

        Enforcement is expected to be an issue in Boston, where any number of units might be rented out through Airbnb every night. The rules take effect January 1, 2019.

        We will add to this article as reaction comes in.

        Airbnb released this statement after the vote:

        For two years Airbnb and our Boston hosts have worked closely with the Mayor and members of the City Council to share helpful data and collaborate on fair home sharing policy. Today’s disappointing vote is proof that our community’s feedback and concerns were not heard. The new ordinance unfortunately creates a system that violates the privacy of our hosts, and prevents Boston families from making much-needed extra income in one of the country’s most expensive cities. We’re hopeful there will be an ongoing discussion on these topics so that our community can continue to fight for their ability to share their homes and make ends meet.

        Hospitality trade group the Massachusetts Lodging Association, which has supported new regulations on Airbnb, sent out this statement:

        Today, Mayor Walsh and the Boston City Council demonstrated true leadership by acting to protect Boston from exploitation at the hands of wealthy, out-of-town interests who have been buying up thousands of housing units in order to turn them into illegal hotels. Today’s action preserves the rights of real home-sharers while reining in the bad actors who are contributing to Boston’s skyrocketing housing costs and wreaking havoc on many of our neighborhoods.

        Now, the state legislature must act to ensure that Airbnb pays its fair share of taxes and abides by a common set of health, safety and non-discrimination rules across the Commonwealth.

        Mayor Marty Walsh does plan to sign the legislation into law.

        Mayor Marty Walsh@marty_walsh

        My goal in regulating short-term rentals is to responsibly preserve affordable housing while still allowing Bostonians to benefit from this new industry. I look forward to signing the legislation & continue monitoring impacts to ensure it serves its purpose in our neighborhoods.

         

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          City Plaza To Get Beer Gardens And Puppy Wednesday

          City Plaza To Get Beer Gardens And Puppy Wednesday

          BOSTON, MA — Starting soon, the overlook area on City Hall Plaza will transform into something called "The Patios" complete with a daily beer garden, ice cream, mini-golf, and puppies. Yes. Puppies.

          It's part of a a three year plan put together by Boston Garden Development Corp and the City of Boston to revitalize the plaza at City Hall and create "a vibrant welcome public space." The city contracted Boston Garden Development Corp, a subsidiary of Delaware North to oversee the effort.

          And the summer Pop Up opens on May 4 and will be there through August with special events and food trucks

          The area will feature a beer garden from Wachusett Brewing open daily, ice cream from Honeycomb Creamery from Cambridge mini-golf, a mobile book program from Boston Public Library and picnic promotions from Boston Public Market.

          "The Patios project is a flexible public space that brings a scale of intimacy to a place famously the opposite," said Smith in a statement.The city commissioned Sculptor Jeff Smith to help design the area, including an art installation entryway and patio design made of local, reclaimed wood that will display a Boston sign. Smith is a sculptor and filmmaker who built the 'Smallest House' in the World and is now on a mission to popularize the perfect shape. He has created sculpture using salvaged material for some three decades, according to his website.

          So when will the beer garden be open? Every day. Wachusett will rotate through their selection of beer on tap and also feature several guest brewery tap takeovers to bring variety to those who visit.

          WACHUSETT Beer Garden Hours 

          • MONDAY-WEDNESDAY: 4 p.m. to 9 p.m. 
          • THURSDAY + FRIDAY: 4 p.m. to 10 p.m. 
          • SATURDAY + SUNDAY: noon to 10 p.m. 

          But you're here for the puppies, aren't you?

          Those fuzzy adorable ones will be brought to City Plaza by Shultz's Guest House, a 501c3 dog rescue shelter, based in Dedham. Its mission is to rescue lost, homeless and abandoned dogs in the southern part of the country; to provide for the medical care, sheltering, and transport; and to focus on adoption of healthy puppies and dogs.

          Each Wednesday, "Wag Wednesday" from noon to 2 p.m. you can come play with some of their furry friends and learn more about their adoption process.

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            Beige Book Report April 2018 First District Boston

            FederalReserve.gov

            Residential Real Estate
            Heading into spring, residential real estate results in the First District continued to reflect sellers' markets. Closed sales for single family homes and for condos were up in Maine, Vermont, and Rhode Island, while other areas experienced moderate decreases. (Vermont reported combined results for single family homes and condos. All First District areas but Connecticut reported changes from February 2017 to February 2018; a technical issue caused December 2017 to be the most recent data from Connecticut.)

            Because of ongoing inventory shortages, all reporting areas but Vermont reported increases in median sale prices for both single family homes and condos. A contact from Maine pointed out that negotiations over multiple offers may be fueling higher median sale prices: "multiple-offer situations [are] happening on a regular basis, especially on properties at $250,000 or less." Inventory dropped by double-digit percentages year-over-year across all area markets. A contact in Massachusetts noted that "inventory is so low and demand so high that many low- and moderate-income home buyers are being left on the outside looking in."

            Notwithstanding the prospect of rising interest rates, contacts cited eager buyer populations and were optimistic about activity levels in coming months.

            Commercial Real Estate
            Reports from First District commercial real estate contacts were mixed, but positive on balance. Office leasing demand remained strong in Boston, especially in the urban core, leading to further increases in rents. Providence saw stable, healthy office leasing activity and modest upward pressure on rents. Office leasing remained slow in the Portland area and weakened further in Hartford. Industrial and warehouse space enjoyed robust demand in most of the First District, with the exception of Connecticut. A Portland contact reported that industrial rents in that city increased 20 percent from a year ago in response to demand from diverse users including small manufacturers, while a Boston contact said that demand for retail fulfillment centers had driven up industrial rents in the Boston metro area.

            Nonetheless, contacts say that both industrial and office construction have been restrained by the fact that building costs remain high relative to rents. Multifamily apartment construction was expected to slow moving forward amid slower or flat rent growth in most areas. By contrast, condominium development activity increased in both Boston and Portland. Investment sales activity was stable at a slow to modest pace depending on location. Two Boston contacts perceived small increases in capitalization rates for office properties that were seen as consistent with increases in interest rates. Commercial real estate contacts were optimistic on balance.

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