With the luxury condo market adjusting, the economy on shaky ground and developers scrambling for solutions, a new trend is taking shape. Mid construction, which were billed as Luxury Condo Developments are now becoming class A office projects. Fan Pier, in Boston’s up and coming Seaport area is one of these cases.
Boston Luxury Condos To office Space
Luxury condo sales have stalled while office leasing has seen an uptick. For instance, Russia Wharf, which was also developed with luxury condominiums in mind, changed course to all Office Space. It is rumored that Wellington Management has master leased the entire building.
Russia Wharf - Office Tower
Although we have seen an uptick in condo sales this Summer, it is not enough to change the course of what was once a growing trend, Luxury Condo Developments.
LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |
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