The North Slope sub-neighborhood has been delivering new inventory to a sub-neighborhood that has mostly been, for better or worse, stuck in its ways. Lacking the prestige of its counter-sloping neighbor (Front Slope), Beacon Hill’s North Slope used to be a rather anonymous pass- through strip within our city. The labyrinth of narrow, one way streets (not to mention the grade of its slope) make this sub-neighborhood difficult to navigate by car or by foot.
Nestled just south of Cambridge Street, the North Slope approaches the Charles River to the West and Government Center to the East. Easy walkability to the Financial District, Whole Foods, the Liberty Hotel, Mass General Hospital, and the State House make the North Slope one of Boston’s most convenient zip codes.
From 8 transactions in 2018 to 14 transactions in 2019 to 17 transactions in 2020, and now up to 26 sales in 2021, the pattern is clear in the North Slope. This sub-neighborhood is now home to one of the largest condominium developments in Beacon Hill history, The Archer Residences, a 62 unit condominium complex at 45 Temple Street. Developer CCM replaced two former Suffolk University buildings with this luxurious entry to Boston’s full service condo inventory with doors opening in 2020. At the beginning of 2021, there were still roughly 40 units available for sale in the building, 10 of which sold this year including Penthouse 1. This unique $8,750,000 home had the highest price per square foot in this area by far reaching $2,522/SF.
This area continues to transition to a quintessential 21st century live, work and play environment neighboring a new urban hub, the vastly expanded Boston TD Garden area and, more recently, Bulfinch Crossing. Developed by HYM, the 4.8-acre site for Bulfinch Crossing replaces one of Boston’s old parking structures while bridging historic neighborhoods (Beacon Hill and the North End). Look for more detail on the condos in that development in our Midtown overview.
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For more sales data and details on it’s sub-neighborhoods check out our Boston Luxury Real Estate Review >