The St Regis Residences (former Whiskey Priest site) | 150 Seaport Blvd | Seaport

[Mongo]

The CLF was so asinine in this case, this project is tearing down a non-compliant building and replacing it with one that expands access to the waterfront. It should have been aligned with the CLF's goals, but instead they stood in opposition.

[SlothofDespond]

Originally Posted by JANAM

http://www.bostonglobe.com/metro/201...kOL/story.html

Interesting article exposing the fraud and corruption that is CLF

Interesting is one word for it. I'm assuming most people don't know who Bradley Campbell is (or the CLF) but he and his organization went through a wood chipper in the paper of record in the city today.

The CLF can say they speak for "the people of Boston" all they want but they don't. They speak for themselves and their rich donor(s). The power they wield over development in Boston really is gross perversion of the process.

[BeeLine]

A another soil drilling rig on site last week.

[odurandina]

Mods please change the thread title to

The St Regis Residences | 150 Seaport Blvd | Seaport

https://www.bostonglobe.com/business...lON/story.html

[jl326]

Originally Posted by odurandina

Mods please change the thread title to

The St Regis Residences | 150 Seaport Blvd | Seaport

https://www.bostonglobe.com/business...lON/story.html

Uhh.. I guess the branding will amp up the appeal even more?

I didn’t realize how many lux/high-end hotel chain-branded condos (or hotel/condo mix) there are just in the middle of Boston. Just immediately off the top of my head, I can think of:
- Intercontinental
- Ritz Carlton
- Four Seasons (2 of them)
- Mandarin Oriental
- Raffles (est. 2021)
- W (to a lesser extent)

There are probably others. Is it only logical to ask when and where we may be getting the Waldorf residences?

[Bos77]

Originally Posted by jl326

Uhh.. I guess the branding will amp up the appeal even more?

I didn’t realize how many lux/high-end hotel chain-branded condos (or hotel/condo mix) there are just in the middle of Boston. Just immediately off the top of my head, I can think of:
- Intercontinental
- Ritz Carlton
- Four Seasons (2 of them)
- Mandarin Oriental
- Raffles (est. 2021)
- W (to a lesser extent)

There are probably others. Is it only logical to ask when and where we may be getting the Waldorf residences?

Yes, although most of these brands are about as unique as a LV monogram handbag. Sure, it looks luxe in the shop window, but your Aunt Linda also has one in the back of her '92 Saturn.

[Jouhou]

Originally Posted by Bos77

Yes, although most of these brands are about as unique as a LV monogram handbag. Sure, it looks luxe in the shop window, but you're Aunt Linda also has one in the back of her '92 Saturn.

I'm guessing it's to appeal to "new money". Old money wears their designer labels as a discreet tag on the inside. Conspicuous consumption isn't that classy.

[tysmith95]

Disregarding the label, i'm just happy that this is moving forward. As rendered this is good architecture, if it looks anything like the renders it'll be the best looking building in the Seaport.

[JANAM]

Originally Posted by Jouhou

I'm guessing it's to appeal to "new money". Old money wears their designer labels as a discreet tag on the inside. Conspicuous consumption isn't that classy.

Have to disagree with this. The services, security and discretion that you receive at a Four Seasons or a St. Regis is what's most appealing to old money especially. Yes, new money likes to flaunt it and feed an ego by staying at the most exclusive (and expensive) building in town but in Boston, most of the wealth is established and discrete. The vast majority of buyers at the new Four Seasons are local and would not want their names in the paper.

[cjbski]

Interesting that this came out, but still no estimated start date for construction. Or at least demo of WP + ABG.

[Jouhou]

Originally Posted by JANAM

Have to disagree with this. The services, security and discretion that you receive at a Four Seasons or a St. Regis is what's most appealing to old money especially. Yes, new money likes to flaunt it and feed an ego by staying at the most exclusive (and expensive) building in town but in Boston, most of the wealth is established and discrete. The vast majority of buyers at the new Four Seasons are local and would not want their names in the paper.

I suppose, but let's say I come from local old money, and wanted to be in the city, I'd opt for a beautifully restored place in the back bay, and hiring service really isn't too difficult.

[JANAM]

Interesting article here:

https://www.bisnow.com/national/news...source=website

[Coyote137]

Originally Posted by JANAM

Interesting article here:

https://www.bisnow.com/national/news...source=website

From the article: “They don’t want to have a $15M condo and be on the treadmill in the gym next to the guy who got the discount room rate.”

[statler]

Quelle horreur.

[stellarfun]

I am familiar with very high-end condo residences which, when finished, will be managed by a hotel chain. I saw the proposed staffing for these condo residences, and when all was said and done, the number of staff was about equal to the number of condo units. Some of the projected salaries were six figures. I joked, 'Well, I can afford the condo, but I can't afford the condo fee.' Which was a take on JP Morgan's "If you have to ask how much it costs, you can't afford it."

[odurandina]

Holy Cow. i hadn't considered the numbers could go that high.

Good for them though for wanting to keep the unwashed proletariat masses confined to the docks.

[JANAM]

Originally Posted by stellarfun

I am familiar with very high-end condo residences which, when finished, will be managed by a hotel chain. I saw the proposed staffing for these condo residences, and when all was said and done, the number of staff was about equal to the number of condo units. Some of the projected salaries were six figures. I joked, 'Well, I can afford the condo, but I can't afford the condo fee.' Which was a take on JP Morgan's "If you have to ask how much it costs, you can't afford it."

I assume these residences were part of a hotel/condo development. Another benefit to the stand alone residences without a hotel component is that the condo fees are typically market rate.

[stellarfun]

Originally Posted by JANAM

I assume these residences were part of a hotel/condo development. Another benefit to the stand alone residences without a hotel component is that the condo fees are typically market rate.

No, the condo residences are near the hotel but in a separate building. The developer/owner decided that the hotel's services would be duplicated, and not 'borrowed'. IMO, this is a niche market choice.

My understanding is that the hotel guests would not be allowed to avail themselves of any amenities unique to the condo residences. The garages are completely separate, so some may be of the view that the condo owners need never mingle with the hoi polloi who are spending $1,000+ a night for the hotel.

[JANAM]

Originally Posted by stellarfun

No, the condo residences are near the hotel but in a separate building. The developer/owner decided that the hotel's services would be duplicated, and not 'borrowed'. IMO, this is a niche market choice.

My understanding is that the hotel guests would not be allowed to avail themselves of any amenities unique to the condo residences. The garages are completely separate, so some may be of the view that the condo owners need never mingle with the hoi polloi who are spending $1,000+ a night for the hotel.

Sounds like a very unique choice, was the development successful? Typically the condo's subsidize the hotel which is why developers like the stand alone condo model.

[falcon42]

The hotel and condos just opened at Assembly are very similar. Shared amenities etc.