Slip65 luxury condominiums on East Boston Waterfront achieve 50%-sold benchmark in just 36 hours

Slip65, the 80-unit condominium component of the $225 million Clippership Wharf mixed-use development on the East Boston Waterfront, is now 50%-sold, achieving record East Boston prices. Prices for Slip65’s sold condominiums, the East Boston Waterfront’s first ownership option, range from $700- to over $1200 per square foot, some for prices topping $1.5 million. Condominiums at Slip65 were made available in a 40-unit block over the weekend of Friday, June 23; all 40 condominiums were quickly reserved over just 36 hours, speaking to East Boston’s high desirability. “This weekend’s extraordinary success at Slip65 confirms the emergence of East Boston as an ‘in-demand’ location – minutes to Boston with million dollar views,” said Sue Hawkes, Managing Director of The Collaborative Companies. “To sell 40 units in 36 hours is just an amazing response, and we anticipate similar demand for the second block when it is made available.”

Slip65 is part of the first phase of the Clippership Wharf development, which will feature 478 residences with approximately 30,200 square feet of retail and community space, including a cafe and a restaurant, when complete. Residences at Clippership Wharf will include 398 apartments and 80 condominiums; Slip65 is currently planned to be Clippership Wharf’s only condominium component, and is currently the only planned waterfront ownership option in East Boston. “We are proud to see how Slip65 has been embraced by the market and are especially satisfied to be selling condos for over $1.5 million in East Boston,” said Nick Iselin, General Manager of Development for Lendlease in Boston. “The demand for Slip65 has been overwhelming across all price ranges." Construction of Slip65 is well underway; occupancy of Slip65, as well as Dox, Clippership Wharf’s apartment component, is expected in Fall 2018.

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