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Columbus Center |
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Columbus CenterBoston Condo Development
Boston Neighborhood: South End
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| Description: Despite Columbus Center beginning construction in 2008, the project is now on an indefinite hold - for more details, please visit the Boston Real Estate Observer.
Columbus Center is an estimated $800 million residential and commercial six-building complex slated for a four-block stretch from Tremont Street to Clarendon Street over the Massachusetts Turnpike in the Back Bay and South End - similar air rights projects over the Turnpike include the Prudential Center in 1963, Copley Place in 1983, and the Hancock parking garage in 1969. The residential condominium portion of Columbus Center currently encompasses 44 affordable units with average prices of $180,000 - $220,000, and 399 market rate units with average prices of $1,266,270 - $3,385,200. Preconstruction (site preparation such as painting stripes on pavement, pulling old shrubs, adding fences, testing dirt, etc.) began in September 2007, and has gone through stops and starts. Once entirely underway, completion of the deck over the turnpike is scheduled to take approximately 2.5 years, and construction of the actual buildings should take at least another year. Potential condo and parking Buyers at Columbus Center could be financially and legally responsible for the subterranean tunnels that enclose the 7 rail lanes (CSX freight, Amtrak, MBTA commuter rail, subway) and the 7 turnpike road lanes along the interstate transportation corridor. Neither the developer nor the government has records showing the 99-year cost of these responsibilities, but they potentially include periodic inspection by tunnel-bridge structural engineers for at least 99 years, tunnel maintenance for at least 99 years, tunnel upgrades dictated by Massachusetts Turnpike Authority for at least 99 years, and premiums for 99 years of developers error/omission insurance and owners liability insurance. The entire Columbus Center development has the following proposed addresses: 255 Columbus Avenue Hotel (Turnpike Parcel 16) 275 Columbus Avenue Condominium (Turnpike Parcel 16) 250 Columbus Avenue Condominium (Turnpike Parcel 17) 161 Arlington Street Garage (Turnpike Parcel 18-A) 2-30 Cortes Street Condominium (Turnpike Parcel 18-B) 175 Arlington Street Condominium (Turnpike Parcel 18-B) Tremont & Arlington Streets & Marginal Road Park (Turnpike Parcel 19) Start Over >> View All Boston Condo Developments Narrow Search >> View All Boston Condo Developments with Concierge Services
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