S. Boston waterfront luxury complex is up for sale
Globe File Photo
The front of one of the Park Lane Seaport buildings in a photo from the mid-2000s.
The owners of Park Lane Seaport, a 465-unit apartment complex on the South Boston waterfront, are putting the high-rise up for sale.
The sale of the luxury complex, built in 2006, will likely attract heavy interest from bidders looking for trophy assets in urban neighborhoods, a product type that has been in high demand in recent months. It is owned by a joint venture of developer Joseph Fallon and Cornerstone Real Estate Advisers, LLC. The team is also working together on the current development of the nearby Fan Pier complex.
Park Lane consists of two buildings -- one 13 stories, the other 21 -- situated over a parking garage. It includes 221 one-bedroom units; 205 two-bedrooms; 4 three-bedrooms; and 35 studio apartments. It also offers concierge services, a fitness center, and two rooftop terraces with harbor and city views.
The property is being marketed by Cushman & Wakefield.
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