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Company pays $212 million for Theater District apartment building, renames it Luka on the Common even though it's not on the Common
By adamg on Wed, 07/17/2024 - 3:48pm
Banker & Tradesman reports a San Francisco investment firm today paid $212 million for Avalon Bay's 29-story apartment building at 45 Stuart St. (next to the currently charred Jacob Wirth). Despite its new name, the building is a couple blocks away from the Common.
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Comments
Whom is it named after?
The new owner? The new owner's son or daughter? The song by Suzanne Vega?
Do they
live on the second floor?
Upstairs from you?
Upstairs from you?
Yes
I think I've seen that building before
The star
of the team that just got waxed by the Celtics in the NBA finals?
I guess if Jacob Wirth never reopens
Someone can open Tom's Diner in that space.
The way it is, you want to be
The way it is, you want to be as many blocks away from the Common as possible.
Back in the olden days …
… internet trolls were put in the stocks and pillory on the Common.
Today, it's full of marijuana
Today, it's full of marijuana smoke and hard drug addicts
Well...
...certainly the imaginary Boston Common, living rent free in your head, is full of those things. Also "illegals".
You one of them?
I mean you have to be high to post some of the drivel you post.
And you have lots of free time to reply and post. So you must not work.
So maybe you're one of those low life scumbag welfare sucking drug addicts that you speak of. Sometimes it takes one to know one.
Do you want yours
To be in front of the State House, by the Brewer Fountain, on the hill with the Soldiers and Sailors Monument, or in the Frog Pond?
Don't worry
You don't live in Boston anyway
Челябинская область is a safe
Челябинская область is a safe distance, certainly.
You know your Russian geography
товарищ
Currently assessed at $194 million
So residential values seem to be holding up even with higher rates.
Too bad residents won't be
Too bad residents won't be able to watch the Common safely from their windows because with such views they would never have to waste money on cable television.
I’m curious
How much time do you spend in the Common?
"Luka's near the Common" just
"Luka's near the Common" just doesn't have enough cachet real-estate marketing wise. It's like if you were an innkeeper putting a sign on your inn stating "George Washington slept near here", It just doesn't sell well.
Let the buyer beware
It's no worse than all the hotels with "Boston" in their name that are located 30 minutes from the city.
Luka's
"Luka's on Lagrange" would be closer. (At least they didn't say 'commons' I guess)
Maybe they really mean "Luka"
Maybe "Luka" means something in some other language, like 'pretentious overpriced apartments". Is there a google search for that?
Lagrange
Lagrange Street inspires short term rentals to a certain generation. Not in a good way.
I thought it was amazing! More cash contracts were finalized there than anywhere in the Financial District.