Boston’s Midtown consists of three distinct neighborhoods: the Financial District, Government Center, and Downtown Crossing. It’s the hub of Boston’s business world and a highly desirable area to live for those looking for an easy commute and all of the city’s amenities within easy reach. As life returns to “normal” and employers welcome employees back to the office, I imagine this neighborhood will pick up right where it left off in terms of desirability. Let’s take a look at the lifestyle options and market dynamics.
Buildings to Know
The Ritz name is synonymous with luxury. The five-star amenities and elegant design of the residences at the Boston Ritz truly live up to that expectation. It’s centrally located with views of the Boston Common and Back Bay on one side and the Boston Harbor on the other side. Units vary as owners may have upgraded or renovated since purchased, but many have floor to ceiling windows and come with valet parking. Building amenities include on-call maintenance, maid service, room service, access to the Ritz-Carlton pool, Equinox Fitness Center and many other luxury amenities. And, there are restaurants and theatre within easy reach.
The Filene’s in Downtown Crossing was a landmark in the city for so long. Now, Millennium Tower rose in its place making it the 4th tallest building and offering views never before seen from a residence in the city. The definition of luxury, Millennium Tower residences boast state of the art kitchens, hardwood flooring, oversized washer/dryers, floor to ceiling windows, and of course, those absolutely breathtaking views. Amenities include the owners lounge with private bar, restaurant, gym, swimming pool, jacuzzi, steam room, rain showers in the locker rooms, spa treatment facilities, a 24/7 concierge, security, and garage valet parking.
Ultra-modern, ultra-cool and there is an Exhale Spa inside. Need I say more? Ok maybe a bit more. It’s located right off of the Boston Common allowing easy access to almost every point in Boston. Plus, there are other impressive amenities such as the outdoor pool, 33rd story roof deck, fitness center, and media room.
This highly anticipated building is the newest on the list as it just welcomed residents at the end of 2020. It’s a high contrast from the enormous parking garage that once straddled Congress Street and virtually every unit has an exceptional view. Every unit boasts beautiful finishes, massive windows as well as oversized bedrooms and living areas, a fireplace, another detail that is unique for luxury high-rises in Boston. The entire 9th floor of the Sudbury is dedicated to luxury amenities for building residents that includes: Rooftop Garden and Sky Terrace, Concierge/Hospitality Services, Pool, Fitness Center, Sky Lounge, Pet Spa, Golf Simulator, Yoga Room and Garage Parking.
In the same corridor as The Ritz and not to be confused with Millennium Tower, this full-service luxury building offers a private owners’ lounge featuring a full bar (5pm-11pm), food service from Legal Crossing, screening room, resident fitness center, private dining, yoga studio and much more!
No surprise that the average sale price and price per square foot have dropped this past year (-33% and 14% respectively), likely attributable to the pandemic and perhaps the collection of the specific properties sold. If you’re considering a move to this neighborhood, now is a good time as prices may be more attractive and there may be more negotiability.
Average Sale Price:
$2,143,478 (2020) vs. $1,434,944 (2021)
Average Sale $ / SqFt:
$1,246 (2020) vs. $1,067 (2021)
On The Market
Click the photo below to view a collection of available properties in Midtown.
For a deeper dive into this area or to set up a showing, contact me