In Islandview, the slightly more economically challenged neighbor to the West Village, a luxury residential development is well underway. Banyan Investments LLC has been redeveloping the historic Saint Charles School into 25 condominiums ranging in price from $275,000 to nearly $1 million.
Phase two of the development, the Saint Charles Terraces, just listed for sale.
The 10 new-build condos have a very modern look, from the rectilinear design to the sleek surfaces. There are three one-bedroom units on the first floor, and seven tri-level units above which all have similar floor plans and amenities, including wood floors, marble bathrooms, Scavolini kitchens imported from Italy, and a private patio or rooftop.
The homes range in price from $230,000 for a 536-square-foot unit to $605,000 for a two-bedroom that’s just over 1,400 square feet. That puts the cost between $400 and $430 per square foot—an exceptionally high number for a neighborhood-based development. It will be interesting to see how many are able to sell.
At the adjacent school, eight of the residences have sold.
The development has an August 2019 delivery, and the realtor says the project is on track to meet the target date. The Saint Charles Terraces are being listed through Berkshire Hathaway HomeServices The Loft Warehouse.