Press Releases

45 PROVINCE Announces $3+MM Penthouse Unit under contract: July 2011

July 12, 2011

FOR IMMEDIATE RELEASE

July 12, 2011

Contact: Rachel Paap
Regan Communications
617-488-2896

45 PROVINCE Announces $3+MM
Penthouse Unit under contract

Boston, MABoston-based real estate company The Abbey Group announced today that it has put a Penthouse home at the firm’s 45 PROVINCE condominium development in downtown Boston under contract for over $3MM.

The announcement comes at a time when sales activity has been on the rise at 45 PROVINCE, with over 30 homes either closed or under agreement during the last 12 months by the property’s new in-house sales and marketing team.

The recently sold Penthouse home features the height of sophistication with cutting edge architectural appointments including custom moldings, wide plank bamboo floors, glass mosaic tiles and flush mounted recessed lighting.   The home’s dream kitchen features custom teak and lacquer cabinetry with a marble island and world-class appliances manufactured by Gaggenau, Dacor  Thermador, and Fisher&Paykel. The development team at the Abbey Group is working with the homeowner to personalize the build out of the penthouse to meet their specifications.

Acclaimed designer Manuel de Santaren who has staged and created models at 45 PROVINCE commented, “Over the past 20 years I’ve had the opportunity to work on some extraordinary properties. The penthouses at 45 PROVINCE are amongst the best I have ever seen.  The level of quality in their finishes and materials used, as well as the restrained modern aesthetic is unsurpassed. To find a gem like this and be able to move right in is a unique opportunity.”

In October of 2006, The Abbey Group broke ground on the 32-story luxury high-rise located on Province Street. Since it’s completion in 2009 the building with its warm, but modern architecture, new sidewalks and streetscape, as well as historic inspired lighting, and new landscaping, have created an urban oasis in the heart of the city. The 137 homes, conveniently located for urban dwellers that enjoy walking to work, school, shopping and entertainment, have changed the whole feel of this downtown neighborhood.

Robert Epstein, Chairman and CEO of The Abbey Group, said: “We are excited about the enthusiastic activity we continue to see at 45 PROVINCE. The sale of this penthouse unit further strengthens our belief in 45 PROVINCE and the continued interest in the finest in city living.  We have remained committed to the long-term success of this project, and it is exciting to see the growing number of residents now calling 45 PROVINCE home.”

45 PROVINCE is a full-service building that offers an Exhale spa, exclusively for residents.  The complex includes a four season pool, spa treatment room and fitness studio with cardio, stretching and conditioning areas; a parlor comprised of a library and dining room with a catering kitchen, a screening room; a spectacular roof terrace offering sweeping panoramic views of the city; valet parking and 24-hour concierge service.

The Abbey Group is a Boston-based real estate company founded in 1968. From its early years redeveloping urban Boston historic buildings into luxury residences and high quality offices, the firm has evolved into a prominent force in real estate and resort development. The Abbey Group has developed over 100 buildings used for commercial, retail, residential, laboratory, and parking uses, including the Landmark Center, Lafayette Corporate Center, Landmark Square Apartments, and St. Germain St. Apartments. In 2003, the Abbey Group became Co-Owners andManaging Partners of the fabled Boston Celtics, bringing a lifetime love and enthusiasm for the team to the partnership.

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