BRIX in Salem Joins Million Dollar Club

Salem, MA 4/21/21 – BRIX, a new 61-unit condominium building located in historic Salem, has reached a pricing milestone for a multifamily condominium building. For the first time in Salem’s history, a condominium has sold in excess of $1,000,000. This achievement is likely a pricing record for other North Shore communities as well and underscores the viability of multifamily condominiums in suburban cities and towns.

“This doesn’t just happen,” allowed Betsy Merry of Merry Fox Realty of Salem, a joint venture partner with Boston-based Charlesgate Realty Group for the marketing of BRIX. “In addition to a top-shelf location and product, buyers willing to make a pre-completion commitment of this magnitude need to have confidence in the development team and their track record of delivering on their promises.”

Both of the million-dollar condominium homes share certain features and attributes. The panoramic views in every direction overlook the historic downtown and period rooftops towards the protected harbor and the open ocean. The units themselves are amply sized, but designed for a more efficient, urban, pedestrian lifestyle that is quite different from the more vehicle-oriented life buyers are leaving. Fireplaces, special finishes, and some custom touches completed the offering.

BRIX is already 65% sold out after just a few months of being introduced to the market. While most units are well under the million-dollar mark, the same trust in the developer’s experience, perhaps as much as any pent-up demand for a great location and product, continues to evidence itself as construction continues towards a summer 2021 completion.