More evidence that the luxury condo market is holding its own amid a slump elsewhere in real estate: at the new 44 Prince St. development in the North End, Bruins coach Dave Lewis paid $950,000 for a condo with sweeping views of the city. (Lewis came on board with the Bruins over the summer as the team's 27th coach following 20 years with the Detroit Red Wings.) And while developers are loathe to break the silence about who buys what in their buildings, Byron Gilchrist, 44 Prince's developer, did say that of the 55 condos in the building only 11 remain unsold and that prices have been holding. "We haven't reduced our prices," said Gilchrist, "we've been selling at a rate of about one a month, which is what we expected."
Meanwhile, the Ritz-Carlton Towers recently hit another milestone: the last of the 304 units in the complex on Avery Street near Boston Common sold . Soon after its 2002 opening, the towers became home base for a number of the city's most prominent athletes , including Red Sox Manny Ramirez, whose 4,421-square-foot penthouse is still on the market for $6.9 million, David Ortiz, and Keith Foulke, and ex-Sox players Johnny Damon and Edgar Renteria.
The Ritz Towers resale value seems to be holding. Former Celtics forward-center Mark Blount, who was traded to the Minnesota Timberwolves, sold his 2,707-square-foot, 3-bedroom, 3 1/2- bath condo in the Ritz-Towers for $1.76 million to Michael Doherty. Blount bought the unit, according to county records, in 2004 for $1.675 million.
Carol Beggy can be reached at cbeggy@globe.com. ![]()