mondoboston.com

Posted by Pam on June 26th, 2008 in Life in Boston

Condo buyers had eagerly welcomed the new, ultra-luxurious $300 million Battery Wharf condo development that was to be run by the famous Regent Hotel. In fact, 60 percent of the development has already been sold, despite a tough market and condo prices between $1-$4 million. But there’s some bad news for condo buyers who chose the development specifically because of the Regent brand name. This month,  Regent Hotel & Resorts, who had formerly agreed to provide the top-shelf luxury concierge services in the building, pulled out of the deal, also leaving the 150-room hotel space adjacent to the development without a signature operator.

According to the Regent Hotel, “philosophical differences” with RBW LLC, the owner of the hotel, led the hotel to back out. RBW is now in negotiations with other hotel operators to run the space. In the meantime, condo buyers who have bought into the building that runs about $1,000+ per square foot will have to sit tight to hear who will walk their dogs and buy their theatre tickets.

While the matter is getting settled, those looking for luxury condo buildings with high-end hotel-like concierge services have plenty of other places to turn, even as the drama continues at Battery Wharf.  Similar buildings in downtown Boston include 45 Province near the old City Hall, the Belvedere near the Prudential Center, the Intercontinental Boston on the waterfront, and most recently, The Mandarin Residences in the Back Bay.

Read more: Hotel Operators Leaves Luxury Waterfront Project