by Tom Acitelli, December 8, 2014
The conversion of a garage at 4-6 Newbury Street in Back Bay is undoubtedly one of the most ballyhooed luxury redevelopments in Boston in eons. We’ve dubbed it Chanel No. 6 (there’s a two-story outlet for the iconic perfume peddler at the building’s base) and the handful of condos above (four or five, depending on whom you read at this point) have commanded some of the biggest Boston sales prices in recent memory. Yet, a lot about Chanel No. 6 remains mysterious.
A titanic part of the mystery stems from the condos being sold as shells. Take Units 301 and 302, the husks of which are pictured above. They traded together in mid-October for a cool $7,250,000 total. The purchaser, Boston Property Development, plans to turn the raw space into “two high-end residential condos for sale in 2015.” In other words, the luxury condos are going to be developed into luxury condos. May you live in interesting times. (H/t Buzz Buzz Home.)