Photo Credit: One Dalton
The uber luxury Four Seasons Hotel and Private Residences at One Dalton has just made record-breaking news for the recent sale of its $40 million penthouse unit, the most expensive sale in the city.
Photo Credit: One Dalton
Slated to open next year, every detail has been considered when creating the penthouse units found on the 55th to 61st floors at this luxe tower, including from floor-to-ceiling windows, custom designed SieMatic cabinetry, custom designed vanities in the bathroom with glazed marble flooring and Dornbracht fixtures to cascading staircases, soaring ceilings and a double height terrace with outdoor fireplaces.
Photo Credit: One Dalton
We caught up recently with developer Richard Friedman, president and chief executive officer of Carpenter & Company, to discuss Boston’s hautest new development.
What do you hope to bring to Boston with this development? Quite simply, Boston has become a world class city with international connections but never had a world class hotel and residential development quite like this. We were looking to bring to Boston the level of product found in cities like New York and London.
One penthouse unit has already sold for $40 million. Was your intent to take Boston to a new level in the luxury condo market? Yes. The unit that sold is a duplex penthouse that sold for $5,000 per square foot. That is the most expensive in the city by far, but we have condos that range from a low of $2 million all the way up to the $40 million unit.
Do you think Boston was overdue for a project of this magnitude? I am not sure I would say overdue, but I would say finally ready. We have some of the best healthcare, education and venture capital firms here, but we have never had a high service, first class product, so we are meeting that need.
Did you expect it to go that quickly? Yes because we really believe in this project. I have been doing real estate in Boston for 40 years or so. For this project, we picked the best architect, interior designer and contractors to do everything right. People had faith in us.
Can you describe what your typical client is like? Are they Bostonians? People have the illusion that the buyers are coming from overseas, but 85 percent are coming from the 495 area. A fair amount of them are empty nesters and most have multiple homes. Some are people who are busy traveling a great deal and looking for a full service building with incredible amenities. If you want maid service twice a day, you can have it here.
Would you consider this one of your most exciting developments? Yes. To building the tallest residential building in New England and do it with Harry Cobb (of Pei Cobb Freed & Partners) is pretty exciting. I’m a thrill seeker.
Now that you have created Boston’s tallest and most luxurious residential building, what’s next for you? I am on the Board of the Four Seasons and we are doing another project in New Orleans and are building a hotel in Iceland. We try to do things in places with strong markets.
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