One Dalton Residence Said to Have Set New Condo Sale Record this Month; Private Residence Goes for $40 Million

April 29, 2017
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By Seth Daniel

Several sources are reporting that a new condo record has been set at the 61-story Four Seasons Hotel and Private Residences at One Dalton in the Back Bay – breaking the old record set last summer by nearly $5 million.

The exclusive sales agent on the property is Campion & Company, Inc.

A spokesperson for One Dalton would not confirm that the sale had happened, saying that sale prices are not being disclosed. None of the sales have closed on the building yet, but reports from several media sources, including Bldup.com, report that one unit in the private residences sold this month for $40 million.

The developer of the 742-foot hotel, with 160 luxury residences located across from the Sheraton Hotel in the Back Bay, is Carpenter and Company of Cambridge.

The previous Boston condo sale record came last summer at Millennium Place downtown, where a 13,000 sq. ft. penthouse sold for $35 million.

If the sale holds at One Dalton, it would beat last year’s new record by several million dollars.

While the project has been approve for quite some time, many have forgotten about what will eventually be as much a part of the Boston skyline as the Prudential Tower or the John Hancock Tower.

That’s because the general contractor, Suffolk Construction, has been spending most of their time underground.

A spokesperson for the project told the Sun that work crews have spent more than a year going down nearly 200 feet into the bedrock because of the building’s “extraordinarily complex foundation.” As of last week, the 7th floor had been completed, and the structure is likely to become much more visible in the coming months as it stretches up to 61 stories.

It will be the tallest residential building in New England when completed, the developer said.

The 160 condo units are located on floors 26 to 61, while the 215 Four Season’s operated hotel rooms will be below.

A 5,000 sq. ft. park is being designed for the ground floor.

The project is expected to be completed in the latter part of 2018.

In a widely circulated interview with Bloomberg news service, Carpenter CEO Richard Friedman said the residences are selling at a record pace for a Four Season’s development. He also said in that interview that 90 percent of the buyers of the condo units are American, with most of them being from Boston.

He specified that none of the sales were going to speculators from foreign countries looking to make an investment rather than to make a home at One Dalton.

 

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