Trend: The Rise of Luxury Boutique Buildings

Dated: March 25 2021

Views: 262

We are seeing a growing trend in cities all across the country—luxury buyers are gravitating to boutique-sized buildings.

In response to this, many developers have shifted away from soaring skyscrapers and are instead focused on projects that are more moderate in size, yet still unmistakably high-end. Often consisting of less than 30 residential units, here are a few advantages of living in a boutique luxury building.

Less Densely Populated
The main force behind this, of course, is that many city dwellers, at least temporarily, are looking for less densely populated living spaces. An intimately-sized building means that shared areas, like a lobby, wellness center,or rooftop terrace, might only be shared with 10 to 20 other people, versus a large tower with hundreds of residents. 

Extra Privacy
Additionally, fewer units means more privacy, which is certainly a luxury when living in the city. Some of today’s boutique buildings have less than 10 residences, meaning you’re unlikely to see many unfamiliar faces on the property. This also adds an element of exclusivity to the building because it’s more competitive to buy into and, in turn, it can increase value.

Sense of Community
If you like to know who your neighbors are, then a small building is probably right up your alley. When you share communal areas with just a few other residents, chances are everyone will be on a first-name basis. 

Personalized Service
With fewer residents to take care of, a small-scale building is often able to deliver more personalized service than one with hundreds of units. This makes it easier for building staff, such as concierge, valet attendants and doormen to remember all of your preferences and provide high-touch service that’s truly boutique.

Bottom Line
Boutique buildings have lots to offer for luxury living in the city. Let's connect to discuss your options in the greater Charlotte area, such as

The Regent at Eastover 

and The Trust. 

And if you are looking elsewhere, let's connect anyway. I can arrange for you to meet with a great local real estate professional anywhere. 

I'm at 803-610-1319 and

Blog author image

Bill Jordan

Local. Global. Discreet. Bill is Broker-in-Charge and Realtor, and a member of Rinehart Realty's four-person management team. In addition to managing the firm's office in Fort Mill, SC, Bill work....

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