One of our investors who successfully won a bid on a unit at the American Brewery Loft Auction has decided to rent out a massive 1,600+ Square Foot 1 bed 2 bath Penthouse loft with huge skylights. The space is set up now as a 1 bedroom but could easily be adapted and built out to have 2 full bed rooms.

Please let us know if you would like to view this unit for rent. Occupancy can be August 1st or possibly sooner if need be.

Asking price is $3,000 per month and comes with 1 deeded garage parking spot. Additional parking can be rented individually at $225 per month.

Here are a few details and features of the American Brewery Lofts in Jamaica Plain.

• Original brewery space featuring arched granite entry, and exposed brick
• Distinctive Loft floor plans with ceiling heights between 9’ – 23’
• Stainless Steel Appliances
• Countertops are a combination of Formica and butcher block
• Modern bathrooms with sleek finishes
• W/D hookups in every unit
• Individual climate control
• Units are pre-wired for cable and internet
• Additional private storage area
• Fitness Room
• Professional management
• Secured Garage parking
• 5,000 sq ft private, landscaped Courtyard
• Dual Elevator service
• Bike storage

Post from: The Boston Loft Blog

New Rental At The American Brewery Lofts

The remaining 21 units at The American Brewery Lofts went to Auction today June 26th 2010. The auction was held at the Colonnade Hotel and was put on by Velocity Marketing.

21 of the remaining 79 units were up for auction and all but one had sold while we were in attendance. 3 units were taken out of the auction format and were offered to the bidders conventionally.

This was the first auction that we acted on behalf of one of our clients and they are thrilled with the value and final price that resulted at the end of the auction. We purchased a 1,621 sq ft unit that was originally asking $559,000 and we succesfully won it at $355,000 a savings of $204,900 off the original asking price or roughly 36% off ask.

We have a full spreadsheet of all the end results so feel free to mail or call us for a copy of the excel workbook.

The unit that we purchased on behalf of one of our investors will be available for rent so please inquire if you are interested in renting a fabulous Penthouse level unit with covered garage parking.

Contact: Ashley Rose (617) 899-7669 or email Ashley.rose@lofts.com

Post from: The Boston Loft Blog

Brewery Loft Auction Results

I just heard that the developer of The American Brewery Lofts in Jamaica Plain will be auctioning off 21 units on June 26th at the Colonade hotel in Boston.

Minimum bids start at $195,000 wich is 57% off of original asking prices.

I have been saying for a long time that these units are a great value for its close proximity to Boston and are only a few short steps away to the E line.

Contact a Lofts.com agent to view or get additional info on this great auction opportunity.

Stay tuned for more details as they develop.

Update:

Here is the list of units as well as the starting bids and general specs.

Post from: The Boston Loft Blog

American Brewery Lofts going to auction

Corner 2 Bed Loft at The Charleston Chew Lofts:

This former candy factory is where they once produced “Charleston Chew Bars” Converted in 2007 it is now residential Lofts just a short commute to Boston.

Unit features a spacious King sized master bedroom with custom built in clostes and a second smaller bedroom or home office.

The ceilings are soaring 11 feet and has exposed brick and beam elements. Windows are oriented to the south so tons of light pours in.

Enjoy cooking in a gourmet chefs kitchen with granite countertops and stainless teel appliances.

Hardwood floors throughout the livingroom and also has a step out balcony.

Washer/Dryer in unit and parking for 2 plus cars make this a great value at $1,795

Tons of shopping and great things to do only a few short minutes away. Easy access to the highway and only 10 minutes to downtown Boston.

Please contact a Lofts.com agent to set up a showing to see this great Loft listing at The Charleston Chew Lofts.

Post from: The Boston Loft Blog

Luxury Loft at the Charleston Chew Lofts

The Atlas Lofts part of the Chelsea “Box District” revitalization just had a soft opening on Saturday May 15th. Occupancy is slated for August 15th – September 1st on the 53 loft apartments.

Situated in Chelsea these lofts are a short 5 minute walk to the commuter rail and the #111 T takes you express to Haymarket in Boston. Perfect for business travelers as Logan Air Port is only 2.3 miles away and is a short 8 minute drive.

Prices range from $1,100 -$1,750 depending on layout and sizes.

Features:
• Abundant Natural Light from Oversized Windows
• Soaring Ceilings
• Granite Counters
• Exposed Brick, Beams, and Decking
• Open, Flexible Floor Plans
• Many Green Features Including Low-Flow Toilets
• Tiled Shower
• Extra Tall Kitchen Cabinets
• Polished Concrete Floors
• In-Home Washer/Dryer
• Gas-Fired Range

Amenities:
• Pet-Friendly
• Fitness Room with Individual iPod Docking and TVs
• Community Room W/ Kitchenette,Patio, and Flat Screen TV
• Interior Bike Storage
• Free Wi-Fi In Common Areas and Roof Deck
• Off-Street Parking Available
• Storage Units

Read about the Lofts Green aspects….

• Adaptive Reuse: Atlas Lofts represents the embodied energy of over 7 million gallons of gasoline. [meaning that's what we're saving reusing the building rather than knocking it down and building a new building of equal size]. If demolished and rebuilt, it would create 4,442 tons of debris (it would take 1 person on average 5,292 years to create that much waste).

• Walkable Neighborhoods: Rated as “very walkable”, Atlas Lofts is located within short walking distance of shops and restaurants along Broadway, the Haymarket Express Bus to downtown Boston, and the Commuter Rail to North Station. Residents will be able to easily walk, bike, or ride to all major destinations and will not need to rely on a car.

• Native Vegetation: the new landscape at Atlas Lofts will be well adapted to the climate and provide excellent erosion, sediment, dust, and pollution control.

• Water Conserving Fixtures & Appliances: Showers and faucets account for approximately 25% of indoor water use; toilets approximately 20%. Atlas will feature water conserving faucets, toilets, and appliances that will save in excess of 4,929,000 gallons of water per year.

• Compact Development: Atlas Lofts encourages more resource efficient development of land and the conservation of energy.

• Efficient Lighting: Atlas Lofts will utilize lighting that consumes 2/3 less energy and last 10 times longer than conventional fixtures.

• Solar Ready: Atlas’ roof has been designed with solar in mind, and we are currently pursuing solar solutions that would provide all of the common area electricity for the building.

• Low/No VOC Paint & Sealants: Atlas Lofts won’t use interior paints, primers, or sealants that release volatile organic compounds (VOC’s) that may pose health hazards to residents.

• Ventilation: new, efficient mechanical systems will provide adequate fresh air in order to improve interior air quality.

• Healthy Flooring Materials: with poured concrete, Atlas Lofts will utilize flooring materials that cut down on allergens and other particulates that may pose a health risk to susceptible residents.

• Smoke-free: Atlas Lofts won’t allow smoking anywhere in the buildings, because second hand smoke is the third leading cause of preventable death in the country

Post from: The Boston Loft Blog

Pet friendly Green Lofts in Chelsea

The architect of a unique Loft project in Japan has passed away at 73 years young. Ironicly his lifes work was about defying death and aging.

His experimental work, done with wife Madeline Gins, sought to reverse the effects of aging by changing the design of architectural spaces. Their theory asserts that bodily degeneration occurs, at least in part, because our living spaces are too comfortable. The couple spent eight years and $2 million building a very unusual home in East Hampton, N.Y., that exemplified their notion that disorienting and challenging homes might prevent death.

The Reversible Destiny lofts, finished in 2005, cost about $6 million to build. Five of the nine lofts, which rent for $1,700 to $2,300 a month, have tenants.

A typical apartment has three or four rooms in the shapes of either a cylinder, a cube, or a sphere. Rooms surround a kitchen-living room combination with bumpy, undulating floors and floor-to-ceiling ladders and poles. Dozens of colors, from school-bus yellow to sky blue, cover the walls, ceilings and other surfaces.

Obituaries of Arakawa (who used only a single name) can be read here and� here. To mark his passing, however, it’s worth revisiting� an excellent 2009 story on his work by WSJ reporter Amir Efrati. He toured Arakawa’s anti-aging house and explored how the project unraveled thanks to an unlikely villain: Bernard Madoff.

Post from: The Boston Loft Blog

Architect of Reversible Destiny Lofts Passed

One of the things that I like the most about the American Brewery Lofts in JP is the ceiling heights available in some of the lofts. I was just in a great 1 bedroom layout that had 23 foot ceilings and utilized this great height by building the bedroom up on a mezzanine level. It serves two purposes. The first is that you get a great architectural feature as well as additional square footage in your loft.

Loft Features & Amenities:

• Stainless Steel Appliances
• Countertops are a combination of Formica and butcher block
• Modern bathrooms with sleek finishes
• Option of Bamboo flooring or Seal Concrete
• W/D hookups in every unit
• Individual climate control
• Units are pre-wired for cable & internet
• Additional private storage area
• Secured Garage parking
• 5,000 sq ft private, landscaped Courtyard
• Bike storage
• Conveniently located minutes away from Downtown Boston

The courtyard at American Brewery Lofts is beautifully designed for all seasons.  I was just there this past weekend and the view of the trees with the leaves changing color is breathtaking. In the summer time you have use of the common grills to have friends over and have a BBQ.

The team at Elkus Manfredi Architects was able to maintain great Historical elements in these Boston Lofts ranging from over-sized industrial windows, vaulted brick ceilings, ornamental metal, terra cotta cherubs and original 19th century signage. Arched granite entries lead to a 5,000 square foot interior courtyard with original cobblestones. Period clock faces are mounted at the turreted peak, and Queen Anne style architecture is seen throughout.

Interested in getting more detailed information on these great Boston Lofts? Please take a look at all the current listings available for sale at The American Brewery Lofts in Boston, Ma. Or call 617-395-1655 and speak to a Lofts.com agent.

Post from: The Boston Loft Blog

American Brewery Lofts

Last night Senators in Washington agreed to extend the popular $8,000 First Time Home Buyer Tax credit until April 30th of 2010. In addition to extending the Tax credit it will also be opened up to existing home owners at a reduced credit of $6,500 as long as they have owned there home for at least 5 years.

The tax credits would be available to homebuyers who sign sales agreements by the end of April. They would have until the end of June to close on their new homes, according to a summary of the legislation being circulated among lawmakers.

Industry representatives said uncertainty about the tax credit is hurting new home sales. September’s decline was the first since March. It takes 45 days to 60 days to close on a house, making it unlikely a sale made today would be consummated by the end of November, said Lucien Salvant, spokesman for the National Association of Realtors.

“Buyers right now have an incentive to hold off, not knowing whether the credit will be extended,” Salvant said.

About 1.4 million first-time homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of them would not have purchased their homes without the credit.

This is great news for anyone that has been waiting on the fence to buy a new Boston Loft. With the extension and addition to the law pushed all the way till the end of April you will have plenty of time to get out and find your perfect Boston Loft for Sale!

If you have any questions or comments feel free to email any of the staff at Lofts.com or leave a comment below and we will respond to it as quickly as possible.

Post from: The Boston Loft Blog

Home Buyer Tax Credit Extends Till April 2010

On October 8th 2009 the house of representatives voted unanimously 416-0 to pass the Service Members Home Ownership Tax Act of 2009, which pushes the credit’s current November 30 deadline back an additional year for members of the military, Foreign Service, and intelligence corps who served at least three months of qualified overseas duty in 2009. “This bill makes sure that the brave men and women who put their lives on the line every day get to enjoy the same benefits as every other American who benefits from their service,” said Rep. Charles Rangel, the New York Democrat who introduced the bill. “By extending the first-time homebuyer tax credit for service members overseas, we give these families more time to utilize the benefit, while also helping our economy continue its recovery.”

Extension for all first-time buyers: The development comes as lawmakers step up their efforts to extend the tax credit for all first-time homebuyers. The issue was raised yesterday during a meeting at the White House between congressional leaders and President Obama.” We need to continue working toward ensuring that more families can stay in their current homes and continue efforts to strengthen the housing market by extending the homebuyer tax credit,” Senate Majority Leader Harry Reid, a Democrat from Nevada, said after the meeting. Senator Johnny Isakson, a Republican from Georgia, has introduced legislation that would extend the credit for an additional year. Reid, meanwhile, has endorsed a bill introduced by Maryland Sen. Ben Cardin, a Democrat, pushing the deadline back for six months. Talbott says the six-month extension is “very likely” to become a reality. “It threads the needles of politics and costs,” Talbott says. “The U.S. economy and the housing market desperately need it.”

You can read the full article from Luke Mullins� here.

Post from: The Boston Loft Blog

$8,000 First-Time Homebuyer Credit to be Extended for Military

Congratulations, Boston homeowners.  You are among the nation’s elite in expensive living, according to the 2009 Coldwell Banker Home Price Comparison Index.  Since January 1, the average sales price for a four-bed room, two-and-a-half bath home in Boston is over $1.3 million.  This figure ranks Beantown seventh in the top-10 among US markets behind five California cities and Greenwich, Conn.

When it comes to homes, Boston is flossin'

Have no fear.  There are affordable markets with high quality of living in this country.  You can purchase a home in Phoenix, Colorado Springs and Myrtle Beach for $200,000 or less.  In the Bay State, Worcester is most affordable with the average four-bed, two-and-a-half bath going for $242,769.

The top 10: living on a coast comes with a cost.

Post from: The Boston Loft Blog

Boston is expensive (golf claps)