By Veronica Grecu, Associate Editor
A new luxury residential project that recently broke ground in Boston shows that the city’s housing market is bouncing back after a few years of economic decline. Twenty Two Liberty is the first high-end condominium tower to be built in the Hub in four years and it’s located at Fan Pier, a $3 billion joint venture between The Fallon Company and MassMutual and Cornerstone Real Estate Advisers as financial advisers.
The 14-story high-rise was designed by Childs Bertman Tseckares, Inc. (or CBT Architects) of Boston, with interiors by New York-based architecture and design firm BBGM, and is being built by Turner Construction. With an anticipated completion date set for 2015, the tower will include 118 condo units ranging from studios to three-bedroom with sizes varying from 500 to 2,900 square feet. All units will feature 12-foot floor-to-ceiling paneled glass, hardwood floors, modern kitchen cabinets equipped with Sub Zero and Wolf appliances, marble master bathrooms, Kohler fixtures and state-of-the-art guest bathrooms. Most units will have a variety of private terraces and balconies and 270-degree views of Boston’s cityscape and the harbor. The LEED Silver certified Twenty Two Liberty will also include ground floor retail space, dining venues, 24 hour concierge support, and private elevator access from the underground parking garage to each floor.
Preliminary sales at Twenty Two Liberty have already begun. Though the sales prices haven’t been announced yet, the Boston Business Journal estimates that the units could go on the market for around $1,500 per square foot.
“Twenty Two Liberty will embody our vision of Fan Pier as the ideal place to work, play and live on Boston’s historic Waterfront,” Joe Fallon, president and CEO of The Fallon Company, said in a press statement.
Located about half a mile east of Boston’s Financial District, the Fan Pier development site covers 21 acres spanning nine city blocks permitted for three million square feet of LEED certified office, retail and residential space.
Rendering via www.fanpierboston.com