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St. Regis Residences: A Luxury Condominium Tower in Boston

Cronin Development has recently obtained $240 million for the refinancing of St. Regis Residences, a 114-unit luxury condominium tower in Boston. Cottonwood Group provided the senior mortgage for this impressive development.

A Brief History of St. Regis Residences

Previously, the property debt included a $306.5 million construction loan from JPMorgan Chase Bank and a $34.5 million equity partnership with the JCM Opportunity Fund I LLC. JP Morgan and Mack Real Estate also provided an additional $294 million in construction financing. Cronin Development broke ground on the project in 2018, and the building came online earlier this year.

Construction and Design

John Moriarty and Associates served as the contractor for St. Regis Residences, while Elkus Manfredi Architects designed the 22-story tower according to LEED Silver standards. In 2018, Cronin Development signed a licensing agreement with Marriott International for the St. Regis branding of the property, although Marriott was not involved in the project.

Residential Features and Amenities

St. Regis Residences offers a variety of one-bedroom apartments and multi-bedroom penthouses, ranging between 968 and 3,107 square feet. In-unit features include floor-to-ceiling windows, Sub-Zero appliances, polished marble counters, and heated floors in master baths.

Community amenities at St. Regis Residences include a fitness center, lounge, business center, sports simulator, private bar, terrace with swimming pool and waterfall edge, spa, sauna, steam room, two guest suites, and a 10,000-square-foot restaurant. These luxurious features ensure residents have access to a wide range of services and entertainment options.

Location and Nearby Attractions

Located at 150 Seaport Blvd., the condominium tower is only 1 mile from downtown Boston and Faneuil Hall Marketplace, offering residents easy access to shopping, dining, and entertainment. Boston Logan International Airport is roughly 3 miles northeast of the property, providing convenient travel options for residents. Additionally, the property is less than 2 miles from a 168-unit luxury condominium building that opened in November of last year.

In conclusion, St. Regis Residences is an impressive luxury condominium tower in Boston, offering a variety of high-quality residential options and amenities for its residents. With its convenient location and stunning design, it is a prime example of the growing popularity of hotel-branded residences in the real estate market.

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