NEMA Boston/Image courtesy of Steelblue

A year-old Seaport District apartment tower touted for its high-tech resident amenities has been acquired by New York-based Kohlberg Kravis Roberts Inc. for $332 million.

The acquisition price works out to nearly $802,000 per unit. Capital One provided a $169 million mortgage for the transaction.

Miami-based developer Crescent Heights touted the complex as Boston’s “smartest” luxury high-rise with features such as algorithm-dispatched elevators, on-site LTE mobile service and a robotic butler that provides concierge services to residents.

The property currently lists studios starting at $2,425 per month.

Union Labor Life Insurance granted a $157 million construction mortgage for the project in 2017. The site was proposed for a hotel project by a previous developer, Madison Properties, before gaining approval for the apartment project and sold to Crescent Heights in 2016 for $36 million.

KKR Buys Seaport High-Rise for $332M

by Steve Adams time to read: 1 min
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