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A Sign of The Times In Boston – Fan Pier

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

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

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.

One Response to “A Sign of The Times In Boston – Fan Pier”

  1. Michal Mormon says:

    I believe that a foreclosures can have a significant effect on the client’s life. Foreclosures can have a Seven to decade negative impact on a client’s credit report. A new borrower who may have applied for home financing or virtually any loans for instance, knows that the particular worse credit rating is, the more complicated it is to acquire a decent bank loan. In addition, it may affect any borrower’s power to find a really good place to lease or rent, if that will become the alternative real estate solution. Great blog post.

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