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C.H. Naamad

Boston Luxury Residential

By C.H. Naamad | Broker in 02116
  • 337 Newbury: Retail Building Sells for $5M.

    Posted Under: Quality of Life in Boston, Home Buying in Boston, Home Selling in Boston  |  May 4, 2012 9:34 AM  |  359 views  |  No comments

    Athletic retailer Lululemon is planning to buy its own space at 337 Newbury St. in Boston, according to industry insiders.

    The Vancouver-based athletic apparel company is expected to pay about $5 million for the two-story Newbury Street asset.

    The building is 5,730 square feet, so that would put the purchase price at approximately $872 per square foot.

    The property was last purchased by Irish investor Paul O'Sullivan and a partner for $3.95 million in 2010.

    One industry executive said it is rare for a retailer to purchase the property it occupies, particularly at such "a high price" per square foot. Most retailers would rather have $5 million of inventory than a $5 million real estate investment, the source said.

    "If that's the case, then this is just another validation of how strong Newbury Street is," said Benjamin Sayles, a director with Holliday Fenoglio Fowler. "Retailers and investors have been putting a greater emphasis on either end of Newbury Street, and this just confirms the trend." 
    Source: B&T

    C.H. Naamad
    Broker

    Boston Luxury Residential
    BostonLuxuryResidential.com
    LuxuryBuildingsBoston.com/
    ch@blrboston.com
    Cell: 617-407-9740

     “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  

  • Whole Foods Opens Today in Jamaica Plain

    Posted Under: Quality of Life in Boston, Shopping & Local Amenities in Boston, Home Buying in Boston  |  October 31, 2011 12:24 PM  |  1,090 views  |  No comments

    whole Foods Market in Jamaica Plain will open its doors today, the store said on Monday.

    The new Whole Foods, which occupies more than 13,700 square feet of space and employs 104 full- and part-time staffers, is at 413 Centre Street.

    “We are so pleased to open our doors in Hyde Square. We have created a beautiful store that will be a great match for the Jamaica Plain community,” says store team leader, Mike Walker, in a press release. “It is particularly exciting for us to have the chance now to really show our neighbors what Whole Foods Market offers as responsible, active community partners.”

    When Whole Foods announced plans to open the JP store earlier this year, it stirred controversy in part because the location is where Hi-Lo Foods used to operate. Some JP residents were angered that Whole Foods was replacing a neighborhood mainstay, and would potentially take business away from other natural grocers in area. 
    Source: Boston Business Journal

    C.H. Naamad
    Broker

    Boston Luxury Residential
    BostonLuxuryResidential.com
    ch@blrboston.com
    Cell: 617-407-9740

     “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  

  • Boston’s Christian Science Church Complex Given Landmark Designation

    Posted Under: Quality of Life in Boston, Home Buying in Boston, In My Neighborhood in Boston  |  March 28, 2011 9:33 AM  |  1,093 views  |  No comments
    Boston's Christian Science Church complex, world headquarters of a religion founded by Bostonian Mary Baker Eddy, has been honored with a designation as a Boston landmark.

    "The Christian Science Church has been a committed steward of this heavily visited Boston site," said Boston Mayor Thomas M. Menino. "By granting local landmark status, the city of Boston is recognizing the historic and architectural significance of this collection of buildings and landscape while helping to manage the future changes that will allow the church to continue its mission."

    The church building ensemble consists of the Romanesque Revival style Original Mother Church erected in 1894 of New Hampshire granite, the limestone-clad Byzantine and Renaissance Revival-style Church Extension of 1906, and the 1975 monumental limestone Neoclassical church portico facing Massachusetts Avenue, according to a statement. The classical Art Deco-inspired 1934 Christian Science Publishing House frames the church buildings on Clearway Street.

    "It is notable that this is the first designation by the (Boston Landmarks Commission) BLC that includes prominent work by living contemporary designers," said Susan Pranger, BLC chair. "The designation of Boston Landmark recognizes the long history of the Mother Church and protects the architectural history and significance of the Christian Science Center Complex, and, most importantly, it provides guidelines to appropriately manage inevitable changes as the church and the complex continue into the 21st century."

    Source: B&T

    C.H. Naamad
    Boston Luxury Residential
    138 Newbury St
    Boston, MA 02116

    BLRBoston.com
    617-407-9740
    ch@blrboston.com

  • Are the 'Burbs' Still Worth It?

    Posted Under: Quality of Life in Boston, Home Buying in Boston, Home Selling in Boston  |  December 20, 2010 10:11 AM  |  839 views  |  No comments

    Some suburban neighborhoods are not as attractive as they once were because of changing demographics and rising poverty, according to research by the Brookings Institution.

    "We're seeing a radical transformation," says Chris Leinberger, visiting fellow at the Brookings Institution and professor of real estate at the University of Michigan.

    Before home buyers pick a neighborhood, here are three basics they may want to check out:

    â–ª Crime stats: Is there a rise in property crimes like breaking and entering and vehicle theft?

    â–ª Are the schools still good? National sites like City-Data.com, GreatSchools.org, and SchoolDigger.com rate them and list test scores for comparison.

    â–ª Have services been cut back? Check library hours, condition of public parks, and ask the neighbors what they think.

    Source: SmartMoney.com

    C.H. (Chouaib) Naamad
    Broker
    Boston Luxury Residential Group
    138 Newbury St.
    Boston, MA 02116
    617-407-9740
    ch@warrenre.com

    www.LRBoston.com

 
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