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Tag: St. Regis Residences

  • Fueled By Wealthy Buyers, Dubai Luxury Units Are A Quick Sell

    Fueled By Wealthy Buyers, Dubai Luxury Units Are A Quick Sell

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    Defying global trends, Dubai’s luxury real estate market is showing incredible resilience. Bolstered by a flock of high net-worth buyers, high-end real estate prices have jumped 89% over the past year and the sale of ultraluxe properties priced at more than $10 million reached an unprecedented level.

    It comes as little surprise then that the launch of the city’s latest branded residential tower, St. Regis Residences, Financial Center Road, saw 70% of its units sell out in the first hour, totaling over AED 1 billion in sales.

    “Based on the outstanding sales at the launch, it is safe to say that St. Regis Residences, Financial Center Road was tailor-made to fit the requirements of a modern, affluent customer,” says Abdullah Alajaji, founder and CEO of Driven Properties. “It was our pleasure to see the industry come together around such a fantastic project.”

    Located in the heart of downtown Dubai, the new property is set to be completed in 2025. Units available consist of one- to four-bedroom luxe apartments and four-bedroom penthouses and are being promoted as offering the largest layouts on the market or 50% bigger than the downtown average.

    In keeping with the St. Regis brand, the residences will offer numerous luxury comforts and amenities. Notable services include private chefs, spa treatments and pet care. Owners will also enjoy access to the building’s fitness facilities including a running track, outdoor yoga area and padel courts as well as a golf simulation room, gym and infinity pool with views of the landmark Burj Khalifa—the world’s tallest building.

    The success of the launch mirrors that of another branded residence—the Six Senses Residences The Palm. Slated for a 2024 completion, the Six Senses Residences had sold 75% of its units as of October of last year.

    With over 40 branded residences, Dubai is currently ranked as the world leader in branded properties.

    As demand continues to push the luxury market in Dubai to new heights, residential prices are expected to rise, albeit at a slower pace than in 2022.

    Driven Properties is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.

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    Spencer Elliott, Contributor

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  • Boston’s Architectural Scene Gets A Wakeup Call

    Boston’s Architectural Scene Gets A Wakeup Call

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    Almost half a century ago, Boston’s skyline went from ordinary to extraordinary with the arrival of the then-new Hancock and Prudential skyscrapers. In the decades since, the city has watched as its homegrown companies have led the nation in one advancement after another, bringing transformative innovation to medicine, technology and education.

    Some felt, however, that Boston’s architecture scene lagged behind.

    But on the heels of last year’s completion of One Dalton, a crop of new architectural stunners has risen from the Boston cityscape. They include Ellis Manfred’s rippling St. Regis Residences; The Parker, designed by Stantec; South Station Tower from Pelli Clarke Pelli; and Boston University’s recently unveiled Center for Computing & Data Sciences, designed by Toronto-based KPMB Architects. Each of these projects are giving Bostonians more reason than they’ve had in years to turn their gazes skyward.

    Architecturally significant

    As conceived by the late Harry Cobb, one of the nation’s legendary architects, the iconic, 750-foot tall One Dalton has introduced a new era in design innovation for Beantown. So says Richard Friedman, president and CEO of Carpenter & Company, lead developer of the high rise. “One Dalton is one of the most architecturally significant skyscrapers ever built in Boston,” he flatly asserts.

    “This tower not only advances the architectural reputation of Boston, but also cements the incredible legacy of Harry Cobb, one of the world’s greatest architects, and completes the ‘High Spine’ of the Back Bay. We are grateful to have worked closely with Harry on this architectural landmark.”

    In the Seaport enclave, a swiftly evolving neighborhood where bustling shipyards and sparkling new biotech headquarters stand virtually side by side, St. Regis Residences rises directly on the water, its design aptly conjuring images of the tall sail of a ship.

    “The St. Regis Residences, Boston sits on the last developable residential site on the water in the Seaport,” says Jon Cronin, founder and principal of Cronin Development, the building’s developer.

    “So it was crucial for us to emphasize this location by paying homage to Boston’s important seafaring history and expanding the footprint of Boston’s Celebrated Harborwalk . . . Manfredi envisioned a rippling, all-glass façade that evokes the movement of water and a ship’s sales as they billow in the wind, perfectly befitting the building’s location on the Harbor. The building, which is nearing completion, has solidified its place among the iconic landmarks along Boston’s waterfront.”

    Within Boston’s emergent Theater District, The Parker rises over Boston Common in the form of a rounded-edge glass tower. With exterior sheathing of corrugated metal and dark charcoal glass, it sharply contrasts with the neighboring brick buildings, merging Boston’s understated elegance with the Theater District’s lively vibe.

    The high-rise creates “a vibrant design statement rarely seen in this area” says Jonathan Landau, CEO of Fortis Property Group, The Parker’s developer. “Stantec’s use of charcoal glass paired with smooth rounded and gently segmented edges adds a flare of soft yet alluring drama that immediately grabs your attention as you stroll along the cobblestone streets surrounding Boston Common.”

    Trademark center

    Soaring 680 feet above Boston’s history-steeped landmark train station, South Station Tower is helping modernize the aesthetics of Boston’s Central Business District. As part of the development, South Station Tower features an updated rehabilitation of the trademark transit center.

    Concurrently, KPMB Architects imbued the Center for Computing & Data Sciences with a look of stacked boxes and cantilevers, delivering an appearance not only distinctive, but downright controversial. Rising above the Charles River’s banks, the Center offers a head-turning backdrop for the river’s iconic crew races, in which teams from Boston University, MIT and Harvard University have long and colorfully vied.

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    Jeffrey Steele, Contributor

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