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New Four Seasons Under Construction Lands $40M Condo Sale

Four Seasons Hotel and Private Residences One Dalton Street, Boston
The Four Seasons Hotel One Dalton Street

Millennium Tower’s reign as Boston’s priciest condo development may be short-lived, as the developer of the new Four Seasons Hotel and Private Residences in Back Bay said he has scored the city’s most expensive sale.

Carpenter & Co. CEO Richard Friedman announced Thursday he had a $40M deal for a unit in the new One Dalton tower, the Boston Globe reports. The previous record holder was John Grayken's $35M grand penthouse at Downtown Crossing's Millennium Tower, purchased last year. The 61-story Four Seasons development will be the city’s tallest residential building when it opens next year. 

The average price of a condo in Boston has risen 68% in the last six years, and luxury units are the driving factor. Just last year, the average price for a unit in a full-service building was $2M. Sales at the new Four Seasons have started at close to $2.5M, and it is not guaranteed the $40M sale will even wind up being the priciest unit in the building.