Auto dealership magnate Herb Chambers is offering a condo in Boston overlooking the city’s Public Garden for $18 million.
The approximately 3,300 square foot apartment, with three bedrooms and an office, is at the Four Seasons Hotel and Residences on Boylston Street, according to listing agent Michael Carucci of Gibson Sotheby’s International Realty.
Mr Chambers, owner of one of New England’s largest car dealerships, paid $8.875 million for the unit in 2016, records show. At the time, he said he was under contract to purchase an approximately 5,500 square foot unit at Four Seasons Private Residences One Dalton Street, Boston. Mr Chambers said he had bought the smaller condo on Boylston Street as a place to live while waiting for One Dalton to be completed. “I never realized I would be here for as long as I am,” he said.
Mr Chambers recently moved into One Dalton after closing its 59th floor for nearly $18 million in 2019, and is now ready to unload the Boylston Street condo.
Mr. Chambers, who also has a home in Connecticut, said he spends his work days in the Boston area and both apartments are within a short drive of his office in Somerville, Mass.
He gutted the interior of the Boylston Street unit, he said, adding brand new electrical and heating equipment as well as Venetian plaster walls and coffered ceilings.
According to Mr. Carucci, the 12th-floor apartment was originally made up of three adjoining units, combined by a previous owner, and each room has large windows overlooking the park, even the closets. “You’re above the treeline, but you still see the pulse of the garden,” he said.
Mr. Chambers founded his eponymous car dealership in the 1980s. The company now has about 60 locations in southern New England, according to its website. During the fourth quarter of 2021, the median selling price of luxury condos in downtown Boston rose 29.3% year over year, according to real estate appraisal firm Miller Samuel.
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Appeared in the April 15, 2022 print edition as “Herb Chambers Lists Boston Condo”.