Bldup reports the sale of 175 Federal St. to a German investor.
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Bldup reports the sale of 175 Federal St. to a German investor.
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Comments
I always liked that building
By anon
Tue, 05/03/2016 - 2:02pm
The side of it that doesn't face the open plaza creates one of those little shaded "cranny" almost "alley" type areas that I always liked about the city but which aren't so popular now with people inclined towards wide open space, green space and everything connected to everything else.
If it gets demolished a well
By anon
Tue, 05/03/2016 - 2:53pm
If it gets demolished a well thought out controlled implosion could set a world record for the largest dreidel spin ever!
Is it worth it
By johnmcboston
Wed, 05/04/2016 - 2:46pm
Interesting proposition. Is it worth tearing down a 17 story building to build a 40-60 story building in it's place?
Just Occurred To Me...
By Suldog
Tue, 05/03/2016 - 4:37pm
Is that The Pregnant Building's baby daddy?
Suldog
http://jimsuldog.blogspot.com
For the record
By Stevil
Tue, 05/03/2016 - 5:31pm
The business community always says they are over taxed because the tax formulas make them pay a premium under a system called classification. What they don't tell you is that the assessment formulas put their values at 40-60% of their resale value while reaidential properties are assessed about 90% of resale value. Net net everyone is taxed about the same relative to actual value of their properties. Not surprisingly, this building was assessed at $63 million, almost exactly half the retail price.
Hope some city councilors or their staff are paying attention the next time the BMRB tells them how unfair the system is.
until this FY, residential
By anon
Wed, 05/04/2016 - 11:37am
until this FY, residential property in Boston was not assessed anywhere near 90% of value. It was more like 60 to 75%.
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