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The most anticipated residential project in modern Boston history, Millennium Tower will open in the heart of Downtown Crossing in the summer of 2016. Boston's fourth tallest building, Millennium Tower will feature a soaring 625-foot residential tower in the sky and as its anchor, the historic Burnham Building, magnificently restored. The city's most…talked-about development in a decade; the property will feature 442 luxury residences with shimmering glass sculpture in the sky, it will boast one-of-a-kind views never before seen from a private home. The Club will be one-of-a-kind--a dramatic two-story space of unrivaled luxury amenities. With flagship retail, a new Roche Bros. gourmet grocery and premier… Class-A office space, Millennium Tower Boston is drawing residents, tenants, and national attention to a long overdue revival of Downtown Crossing. The city rises from here.

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Approximately 75 percent of sales were to local buyers, Millennium Partners said. Courtesy of Millennium Partners Downtown Boston’s Millennium Tower announced today it has sold 70 percent of its 442 luxury residences. Sales have totaled about $650 million in the four months the units have been on the market.

What’s still up for grabs is the $37.5 million penthouse — a 12,846-square-foot penthouse that if sold, would be Boston’s most expensive condo sale to date.  Other remaining units start at $1.15 million, he added.

Project Totals: 1.185 million square feet, including over 250,000 square feet for retail use
No. of Floors: 60 stories
No. of Units: 442 luxury condominiums
Parking: 550 parking space
Views: Boston Skyline, Boston Harbor
Groundbreaking Date: September, 2014
Estimated Completion Date: Summer 2016

“We are in serious discussions, and I’m hopeful,” Baumert said. “There’s nothing else like it on the market, and there is a buyer out there.”

The tower includes amenities like a 24-hour-concierge, valet service, a social calendar called “La Vie,” culinary offerings from celebrity chief Michael Mina, a luxury fitness center, and a 23,000-square-foot area for entertainment and socializing called “The Club.”

A 25,000-square-foot Roche Bros. will anchor the building, and it will be the first large supermarket in Downtown Boston, according to the press release.

“I would say it has exceeded expectations. We are very pleasantly surprised,” Richard Baumert, partner at Millennium Partners, told The ultra-luxury building is set to open in summer 2016 and will offer 360-degree views of Boston from some of its residences. It is under construction at the site of the former Filene’s store at 1 Franklin Street in Downtown Crossing.

Source: Julie Xie @julieyinxie Staff March 11, 2015 5:46 PM
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