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Nearly
50 percent of the condominiums inside the Boston Machine Lofts building
at 13 Willow St. are sold, and more potential buyers are heading
to the downtown address now that the model unit is completed.
According
to matt Picarsic, the project manager, purchase-and-sale agreements
have been signed for 12 of the 30 units.
"We're
expecting to sign No. 13 this week, and word of mouth is spreading
fast," he said Tuesday, noting that the new tenants include
single urban professionals, young couples and other more eclectic
investors looking for affordable home ownership rather than paying
rent.
"A
number of them already work in Boston and live in places like Needham
where they're paying rent that, in some instances, is what they'll
be paying to own a unit. Some that drive into Boston are now looking
at the train because the station is so close by."
Picarsic
said the development company, RCG Properties, plans to show the
model unit to city officials and business leaders Jan. 20.
"We'll
be showing the model unit so that people can get a sense of what
the lofts will look like," he said, explaining that the units
range in price from $158,000 to $300,000.
Twenty-five
of the units are designed with two-bedrooms, the remaining five
have a single bedroom. All have oak floors, exposed brick and fifth
floor units are graced with skylights.
"People
are really excited about it," Picarsic said. "They can
move into a great space and everything is brand new except for the
exterior of the building and that's beautiful as well."
Picarsic
called attention to the oval granite-framed window that faces the
street and floor-to-ceiling windows on some of the lower-floor units.
Khalsa Group is the project architect.
"The
early buyers can customize the finishes, opting for more light fixtures,
granite counters instead of laminate, high-grade wood on the kitchen
cabinets and things like stainless-steel appliances," he said.
"Most of these upgrades are pre-priced, so it's easy to do,
but the closer we get to completing the units, the harder it will
be to order customized finishes."
The
average unit costs $200,000. The condos vary in size, from 850-
to 1,500-square feet. The rear units have windows on three sides.
All have central air conditioning, 12-to-15-foot ceilings, and ample
basement storage. Tache Real Estate is the broker.
"The
city has promised us a certain number of spaces in the nearby municipal
lot once we bring in the buyers," he said, noting that Parking
Director Jay Fenton has been assisting the developers with plans
to lease the parking spaces to the tenants.
Picarsic
praised the city's installation of ornate street lighting in Central
Square and the downtown business district.
"We've
already talked to our contractor about matching the lampposts that
the city installed, but putting in three acorn lamps at the building,"
he said.
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