Point 262 Condos

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Description

Point 262 Condominiums offer modern living in the heart of East Cambridge, Massachusetts. These well-equipped, brand new units are strategically located on McGrath Highway to enhance each resident's lifestyle and reduce their commute. Six of the building's floors are dedicated exclusively to residential space. The ground floor contains numerous amenities that are shared by all condo owners.

The building's exterior is planned as an attractive mixture of cream, blue, silver, white and glass. This modern exterior will be mirrored by the latest interior touches, ranging from radiant floor heating in the bathrooms to each unit's statuary stone waterfall kitchen island.

These condos promise luxurious features and breathtaking views of Cambridge and nearby Boston. This is your opportunity to acquire a brand new, highly desirable property in one of the nation's strongest real estate markets.

Basic Info

This seven-story, 84,000 square foot building features a diverse mixture of floorplans to suit your particular needs. One and two-bedroom condos populate each floor, and units have an attached balcony or terrace for your convenience. Some two-bedroom units feature a study, and others place an emphasis on providing a large open area for entertaining.

Two-bedroom units include up to two bathrooms. The most common one-bedroom style is approximately 740 to 750 square feet and comes with one bathroom. In total, there are 55 units; the split is 35 two bedrooms and 20 one bedrooms.

Each unit has been designed with an open flow in mind, but there are still multiple closets to ensure an adequate amount of storage space. There is also an optional storage cage on the ground floor for those who wish to maintain a home free of clutter without giving up any of their personal belongings.

The overall setup of this property enables residents to take care of numerous needs without leaving the building. For example, laundry is included inside each unit, and there's also a fitness facility and a part-time concierge. Rooftop access makes it easy to entertain guests or to enjoy a romantic evening under the stars.

Project Status

Construction began in October 2016. The development is expected to achieve full completion in early spring 2018, which gives buyers the opportunity to lock in a luxuriously appointed condo right now at what is virtually certain to be one of the area's hottest new addresses. As of December 2017, approximately 70 percent of the building's units were under contract. There is a scarcity of one bedrooms, but plentiful two-bedroom options are still available.

Condos

One-bedroom units average 838 square feet. Two-bedroom units average 1,054 square feet. There are more two bedrooms within the building, making these large units easier to obtain. Pricing varies depending on the exact unit selected. One-bedroom units start at $550,000, and two bedrooms begin at $850,000. The largest, most desirable two bedrooms can exceed $1.1 million. The median home value in Cambridge currently exceeds $1.7 million, making these units a good value with future market potential.

The design of each unit includes an abundant number of windows to let in natural light. Units on the higher levels also receive an awe-inspiring view of the local cityscape. The interior is mostly light and bright, but contains some balancing modern touches. The kitchen cupboards are white, and they contrast nicely with the dark-toned quartz counters. The hardwood floors are made from dusky glazed yellow birch. Appliances and plumbing fixtures are stainless steel to complete the modern appearance.

Amenities: Building Features

The developers of Point 262 understand there is a lot more to your home than just the unit you own. Everyone wants to live in a nice neighborhood, and it is also crucial to get as much as possible out of your real estate investment. Therefore, the building is equipped with an impressive list of features that will elevate your home to the height of luxury.

• Common Lounge Area - Relax outside your unit without having to leave the building.
• Common Roof Deck - Enjoy a stunning view of the local area from the top of this seven-story building.
• Deeded Storage Available - Need some extra space? Securing your own deeded storage area means never having to compete with neighbors for extra space.
• Dedicated Bike Storage Room - Healthy, eco-friendly living is part of a modern lifestyle. Having a special bike storage facility makes it easier for you to hit these goals.
• Elevator - No one wants to struggle up seven flights of stairs with heavy items, and you will never have to in this condo building.
• Fitness Room - Your condo includes usage of a free, on-site fitness facility.
• Garage Parking - The ground floor includes garage parking with an automatic garage door opener.
• Part-time Concierge/Doorman - Get easy answers to your local questions with the property's on-site concierge. As an added bonus, the part-time doorman will impress your guests and make it easier to come home after a long day of local shopping.
• Steel Frame Construction - Built to last, this development also includes concrete floors to provide a quiet, relaxing living environment.

Amenities: Features Inside Each Unit

Having a fitness room, garage and doorman can help complete the package, but the most important features are those you will constantly interact with inside your home. Fortunately, this condo building does not skimp in the unit amenities department.

• Aesthetically-Pleasing Plumbing Fixtures - Every condo is appointed with Grohe and Kohler fixtures.
• Energy-Efficient Systems - We all want to reduce our expenses. Helping the environment at the same time is a nice bonus! Tankless hot water heaters are just one of the many energy-efficient systems in place within each unit.
• Glass Shower Enclosures - The master bathroom features an eye-catching, easy to clean glass shower enclosure.
• Hardwood Flooring - Enjoy the warm, inviting look of hardwood floors in your living room and kitchen. This stylistic touch also makes it easier to keep these high traffic rooms clean.
• LED Fixtures - LED accent lighting and a surface mount light up these condos.
• Professional Gas Range - Are you a foodie? Create culinary masterpieces with the included professional gas range.
• Quartz Counters - An elegant, modern look that enhances the kitchen.
• Radiant Floor Heating in Bathrooms - A virtually noiseless, energy-efficient heating option that reduces indoor allergens.
• Top-Notch Appliances - Modern looking, well-known brands such as Kitchen Aid and AGA Marvel help complete the luxurious appearance and functionality of these condos.
• Vented Kitchen Hoods - Easily removes steam and humidity from the kitchen, which reduces the risk of mold.
• Washer and Dryer in Unit - No one wants to drag laundry to a shared laundry room or, even worse, to a laundromat. Relax after work by taking care of laundry in unit.
• Waterfall Kitchen Island - Looking for extra counter space to help you create a culinary masterpiece? These condos include a waterfall kitchen island with an elegant statuary stone top.

Exterior Recreational Space

Balconies and terraces extend from the units, with some being larger than 200 square feet. Ample space is provided to unwind outside and experience the vibrant city life of East Cambridge from the comfort of your own home.

People looking for more exterior space will enjoy taking advantage of the shared rooftop deck. This maintained common area will be decorated with umbrellas and high-quality patio furniture for those who wish to see the city during the day or take in the brilliance of the stars at night. It's certain to become a meeting spot for building residents looking to relax in the evenings and on weekends.

Eco-Friendly Touches

The roof is also part of the building's eco-friendly plans. Several feet of the rooftop have been exclusively dedicated to greenery. This beautifies the rooftop and helps the local environment. Residents will enjoy these touches that make it possible to experience some greenery and nature within an urban setting. There is also a green roof feature adjacent to one of the fifth floor two-bedroom units. This space helps offset the building's carbon footprint.

Green roofs, also known as living roofs, offer numerous perks for residents. Some studies have found that having even a single section of green roof on a building can lower the air temperature and offer stress-reducing benefits. Wildlife also benefits from having a suitable habitat inside an urban area. The best part is that rainwater is able to naturally maintain the vegetation, thereby reducing the strain on this vital natural resource.

Your heat bill will also be reduced by earth friendly features such as the energy-efficient HVAC and hot water systems. These touches are truly a win-win for anyone concerned about the planet who also wants to keep their monthly expenses in line. After all, just because you can afford to live a life of luxury, that doesn't mean you should waste money needlessly on inefficient systems that harm the planet.

The developers kept all these concerns and needs in mind when building the plans for this property. All these unique touches and luxurious features will help each condo retain or expand its value in the future.

Luxury Living and Investment Opportunity

All the minor and major features within each unit add up to luxury living in one of the hottest zip codes in Massachusetts. In fact, East Cambridge has the highest home values in the state, making this an ideal area to invest in. It's impossible to accurately predict future real estate trends. However, these condos are anticipated to increase in value in accordance with the city's growing market. In other words, buying into this development before it is fully contracted is the optimal way to get an affordable price, and it will also give you the best chance at a future real estate profit.

Lifestyle Enhancements

Are you the type of person who heads to the gym a few times a week and enjoys walking or riding your bicycle during good weather? Do you want easy access to local shops, entertainment, culture and universities? This development was designed with your lifestyle in mind!

The shared fitness center makes it possible to hit the gym as often as you'd like without incurring a monthly fee. You also will not have to leave your own neighborhood to workout, which is ideal during Boston's cold, and often snowy, winter months.

Unlike other properties that require you to keep your bike inside your unit or trapped inside an inconvenient storage cage, this building provides a specific area downstairs for bicycle parking. This is not only convenient but will also help encourage you to get some exercise and reduce your carbon footprint more frequently.

The shared common areas on the ground floor and rooftop will also encourage neighborhood gatherings, making it easier to socialize near home. Additionally, those who are attracted to this building because of its modern, eco-friendly touches will have plenty of space on their balcony or terrace for plants. As the green roof design proves, you do not have to live in the country, or even the suburbs, to enjoy abundant greenery and wildlife.

The developer indicates that this property is intended to enhance each resident's lifestyle in three ways: providing a healthy living environment, 24-hour access to all of Cambridge's best features and the early adoption of tomorrow's technology.

Find Your New Home Today

Are you ready to discover the perfect home at Point 262 Condos in East Cambridge, Massachusetts? This building is filling fast, and is already 70 percent full before completion. Boston City Properties makes it easy to find the right fit with free, searchable listings.

We are also pleased to connect you with experienced, local area real estate agents who can help you successfully navigate through the world of residential property sales. Whether your perfect new home is at this building or elsewhere, we are here to help! Contact us today to learn more about the Boston area's most desirable properties.

Located only a short walk from the Lechmere train station in the desirable East Cambridge neighborhood, the brand-new seven-story, 55-unit Point 262 condominium community is the ideal home for the millennial or retiree who's looking for a great investment in one of the nation's strongest housing markets. Six floors of the steel-framed building house the one- and two-bedroom residences. The bottom floor contains structured parking and deeded storage for all units, while the grade-level floor includes bicycle storage space and community and fitness centers. All residents have access to a beautifully-landscaped green rooftop terrace.

The development includes 20 one-bedroom units averaging 838 square feet and 35 two-bedroom units averaging 1,054 square feet. There are 28 different floor plans; the lower-floor units are more practical while the upper-floor units are more modern. Prices for the one-bedroom units start at around $550,000, and the two-bedroom homes begin in the high $700,000s.

Each unit features an efficient HVAC system and an on-demand hot water heater. The lighting consists of energy-efficient LED fixtures, including surface-mount and recessed LED accent lighting. All homes include at least one balcony or terrace; one fifth-floor unit also features a balcony off the master bedroom. All units include a washer and dryer, so you can conveniently do the laundry at home.

Yellow birch hardwood floors with a dusky gray glaze complement the practical walls of Pelican Gray in each home.

The modern kitchens include gleaming white cabinets and soft close drawers. Most homes feature a breakfast island with waterfall edge and stone all the way down to the floor. White statuary marble countertops are optional. Residents also have the choice between two appliance packages. KitchenAid is standard, and AGA/Marvel is the upgrade. Both include gas ranges with vented hoods.

The luxurious tiled baths feature comfortable radiant heat flooring. The gray vanities include Blizzard pure white Cornerstone tops, and the fixtures are by Kohler and Grohe. One-bedroom units include soaking tubs, and the two-bedroom master baths include glass-enclosed showers. Each bedroom is carpeted, and select homes feature roomy walk-in closets.

Neighborhood

Within walking distance of the community is historic Lechmere Square and the Lechmere train station, the northernmost stop of the MBTA Green Line. The station also serves several MBTA bus lines.

Maps dating from the Revolutionary War era label the shoreline as "Lechmere's Point," a point where British troops landed as they prepared to fight at the Battles of Lexington and Concord.

Previously known for furniture and candy manufacturing, Lechmere Square is currently undergoing the transformation of its factories, offices and residences.

Just 1.5 miles from the community, Suffolk University is Boston's eighth largest university. Founded in 1906 as a law school, Suffolk is a Doctoral Research Institution consisting of three schools: the College of Arts and Sciences, the Sawyer Business School and the Suffolk University Law School.

Located on Beacon Hill, Suffolk stands next to the Massachusetts State House and Massachusetts Supreme Judicial Court. Suffolk operates international satellite campuses in Cape Cod and Madrid, Spain.

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