256 new magnificent residences are now available at Millennium Place in a 15 story tower in downtown Boston. It is expected to be a great success due to being the first condominium project to break ground since the economic recession. At a price point ranging from $550,000 for one-bedrooms facing a courtyard to $3.5 Million for penthouses with rooftop terraces, Millennium Place truly has all the feelings of luxurious living.
Although this development is roughly a year away from completion it surely will be worth the wait. It will entail a 24 hour concierge and valet parking, a screening room, large fitness center run by Sports Club/LA and a residents only dining room. What more do you really need for luxury city living? The developers, Millennium Partners, also built the outstanding Ritz Carlton condominium towers on Avery Street in 2001 and rumor has it they are even going to make an immense upgrade in amenities and services at this new site. This same team also is responsible for the $615 Million development at the former Filene's site. It is here at this location in Downtown Crossing where we will see a new 625 foot masterpiece of a building be comprised of 600 condominiums and apartments, 218,000 square feet of office space, as well as 231,000 square feet to be for retail purposes. Ultimately, Millennium Partners are no stranger to projects no matter the scale.
According to the local real estate service link, there are currently close to 680 luxury condos available across the Midtown market. This is down quite sharply from a year ago, it must be known. However, hopes are nonetheless high and it looks as if Millennium Partners will undoubtedly exceed all expectations. One source has even noted that this is going to be the most efficiently and professionally run residential building in Boston. We at Gibson Sothebys International Realty are anxious to see the final outcome of this unparalleled project and know that the anticipation and demand to reside in this development will only grow in the very near future as the grand opening nears.
Look to the link below for a short clip showing what the final stage of the project will look like: Millennium Place
More Information: Bloomberg Businessweek