Related Companies and The Beal Companies announced today that Penthouse 1 at The Clarendon has been sold, signaling another significant marker of success for the property. The 3,500-square-foot residence achieved a record breaking price of $1,834 per square foot for a luxury new construction high-rise condominium. Located on the 31st floor, Penthouse 1 belongs to The Clarendon’s coveted Penthouse Collection, which offers three, full-floor 3,500-square-foot residences, revealing panoramic 360-degree views.
The penthouses feature spacious living spaces that include a great room with wrap-around floor-to-ceiling windows, a library, three bedrooms and three full en suite baths plus a powder room, with fireplaces in the great room and master suite. The master suite also includes walk-in closets and an oversized windowed master bath complete with a soaking tub, separate shower and double vanities. Penthouse 1 is the only unit that comes with its own private landscaped terrace, with entrances off of the master suite and great room. As The Clarendon nears sell-out, only two penthouses remain available.
“With the sale of Penthouse 1 at The Clarendon, we are thrilled to announce the first luxury residential sale of 2013. Selling at $1,834 per square foot, we’ve continued to achieve record breaking prices, which bodes well for the luxury condo market in Boston,” said Barbara Cusack, Director of Sales. “We see a great amount of interest in our few remaining residences, which is a testament to the quality and desirability of the building, as well as the outstanding reputation of Related Companies and The Beal Companies.”
The condominium residences starting on the 15th floor offer captivating panoramic views of the Charles River, Boston Harbor and the downtown skyline. The Clarendon’s elegant, sophisticated design and unprecedented amenities have been lauded by the marketplace and the brokerage community alike. Adhering to Related’s nationwide commitment to green development, The Clarendon has received LEED Silver Certification, the benchmark for high-performance sustainable design from the U.S. Green Building Council. The grand-scale lobby is elegantly appointed with intricate sycamore wood paneling, marble flooring, and an exclusive art collection by American artist Sol LeWitt.
The adjacent Assouline Culture Lounge offers a private residents’ library stylishly designed by France’s most prominent publisher of art, culture and fashion books. Additional amenities include a private fitness center featuring Fitness Lifestyle by EquinoxSM, a landscaped outdoor terrace designed by Copley Wolff Design Group, the exclusive Clarendon Clubroom with outdoor space, a nautical-themed children’s playroom and a business center. Residents also enjoy RelatedStyle Services™, including the Related personal assistant, who can execute a wide variety of requests ranging from restaurant reservations to securing the most coveted theatre tickets. Sitting atop renowned restaurant Post 390, The Clarendon affords residents exclusive in-home dining and event catering benefits from the celebrated restaurant.
The Clarendon is the first collaboration between Related Companies, the nation’s most prominent, privately-owned real estate firm, and The Beal Companies, a century-old, Boston-based real estate firm with expertise in all realms of the industry. The Clarendon benefits from the expertise of both firms, as well as the family collaboration of Bruce Beal, Chairman of The Beal Companies and Bruce Beal, Jr., President of Related Companies. For a private preview and tour please contact Related Sales at 617-267-4001 or visit www.theclarendonbackbay.com.
About Related Companies Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, Las Vegas, San Francisco and South Florida and boasts a team of approximately 2,000 professionals. The company’s existing portfolio of real estate assets, valued at over $15 billion, is made up of best-in-class mixed-use, residential, retail, office, trade show and affordable properties in premier high-barrier-to-entry markets. Related is staunchly committed to sustainable design with over $10 billion in green development underway or completed. In 2006 Related acquired Equinox® Fitness Clubs, further expanding the company’s capabilities into the health and fitness arena and enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering. For more information about Related Companies please visit www.related.com.
About The Beal Companies The Beal Companies is a full service real estate firm actively pursuing investment opportunities in all segments of the real estate industry. Since 1888, the Beal family has built an enviable reputation with projects and advisory services not only in Boston, but also throughout the United States. The company boasts a proud keen eye for value, as well as the ability to move quickly in creating that value. Through extensive experience in problem-solving skills, The Beal Companies have established a very strong financial position, while remaining committed to a deep community involvement. Activities include the Acquisition and Development of Commercial, Historic and Residential Properties, Asset Management for The Beal Companies, LLP and others, Brokerage and Consulting, Appraisal and Tax Assessment, as well as Financing and Construction Management Services. Along with The Clarendon, Beal has developed a number of residential properties including the luxury building at 128 Beacon Street and the triple width brownstone at 51 Commonwealth Avenue, both in Boston. ###