Mandarin Oriental Resale Listing $7 Million

Unit W-108 at the ultra exclusive Boston Mandarin Oriental recently hit the MLS for $7,000,000. You have more than likely seen the building nearing shell completion along Boylston Street, and you probably are aware that the development is essentially sold out. Two things are interesting about the listing of unit W-108:

1. The entire lot of condos at the 50-unit Mandarin Oriental were marketed and sold privately, essentially, an invitation only sellout. Striking about this listing is that a traditional sale process is being used, entirely different from the process that was used for all other sales.
2. The Mandarin is still months away from its grand opening, so in effect, we have a resale before a sale (or more precisely, a resale before the development has even received its certificate of occupancy).

More to come on what the Mandarin Oriental means for surrounding Boston businesses.