Four Seasons Hotel and Private Residences One Dalton Street, transforming the Boston skyline, leads the way in luxury real estate boom.
Boston has long been associated with a rich history and a legacy of arts, culture and education but only recently has it started commanding the attention of global investors. With 83 new projects currently under construction in 19 of the city’s 23 neighbourhoods, Boston is currently undergoing its biggest residential boom since the 1920s.
Fondly referred to as the gateway to New England, Boston is an academic hub with over 30 colleges and universities including Harvard University and the Massachusetts Institute of Technology, two Ivy League universities that welcome a host of high-achieving international students each year. This exceptional selection of educational institutions have attracted a significant movement of industry to the city, cementing its status as a world leader in innovation and entrepreneurship. In recent years Boston has seen General Electric and IBM relocate to this buzzing metropolis, whilst Microsoft is looking to expand their operations in the city and Amazon is intending to lease up to 200,000 square-feet of office space in the first quarter of 2017.
But it’s not just technology and utility companies that call this city home. Boston is a world centre for medicine, scientific research institutes and biotechnology companies, with over 20 hospitals and medical schools currently operating.
With more than 50 international direct flight routes into the city, Boston is becoming increasingly accessible, aiding its transition into a thriving multinational city. Attractive flight prices from airlines such as award-winning Norwegian Air, only further contribute to the city’s new stature as an international hub.
As one of the most historic cities in the United States, Boston is renowned for its traditional Victorian brownstone townhouses and vibrant neighbourhoods rather than the skyline. However, times are changing in this ‘city of neighbourhoods’, as developers recognise an opportunity to introduce some glitz and glam to Boston in the form of gleaming, amenity filled, luxury residential towers that rival some of the best options in New York City.
Carpenter & Company is leading the way for developers who have chosen to build in one of Boston’s charming neighbourhoods, with the development of New England’s tallest residential tower in Boston’s Back Bay. The prestigious Back Bay, rich in history and with access to first class shopping, dining and culture, is Boston’s most coveted neighbourhood and home to Boston’s high society. “What we are creating at One Dalton will be unlike anything the city has ever seen, we have enlisted top visionaries such as renowned architect Harry N. Cobb, legendary designer Thierry Despont and the incomparable Four Seasons brand to build a true 5-star residential building in Boston” notes President and Chief Executive Officer of Carpenter & Company, Richard L. Friedman.
Standing at 213 meters tall, One Dalton Street will comprise 160 ultra-luxury condos and a 215 key Five Star Four Seasons hotel, which will, upon completion in 2018, redefine the city’s skyline, setting a new standard for luxury living across Boston as an iconic addition to the Back Bay neighbourhood. This will be the second Four Seasons hotel to grace Boston, making it one of only a select few cities worldwide that will be home to two prestigious Four Seasons hotels.
Boston, ranked fifth in the City Momentum Index 2016, the annual report created by Jones Lang LaSalle, which tracks the speed of change of a city’s economic base and its commercial real estate market, is now recognized as one of the world’s most dynamic urban economies. In good company, Boston joins London, Silicon Valley, Dublin, and Bangalore in the top five, cementing the city’s position as one of the most important innovation hubs in the world. Driven by unprecedented job growth in knowledge-intensive industries, Boston has become a critical and strategic location for global brands that together create a stable economy and a safe haven to invest, particularly amongst foreign investors.
Prices start from $2.75 million to over $40 million in the Four Seasons Private Residences One Dalton Street.