OneFirst … East Cambridge condos
The Herald ran an article today about the OneFirst condo development, just over the Boston line, in East Cambridge.
The One First complex - an old Necco plant that’s undergoing conversion into 196 high-end units - combines new construction with a 1924 Art Deco structure and parts of several 19th century factory buildings.
Some 50 of Phase I’s 159 condos are still available, with another 37 units set for completion next year as part of Phase II.
Prices range from the mid-$600,000s for two-bedroom condos to $1.45 million for duplex penthouses with 16-foot ceilings and private decks.
The property is located across the street from the Lechmere Green Line station, so it’s convenient to downtown Boston by subway, or the labs & office space in East Cambridge, on foot.
They first started marketing these condos back in 2005 2004, I believe. I’m sure they wish they had more units under agreement, but it is a very large project, and you’d expect it would take several years to go through the inventory.
They did have units in the $400’s and $500’s, but those sold out first, apparently. What’s left runs in $550 - $700 per square foot range, but includes a parking space, I believe.
Perhaps Northpoint buyers waiting on the sidelines would be interested in taking a look?
Sweet Cambridge condos: Former Necco factory houses high-end units - By Paul Restuccia, The Boston Herald
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