One of the most anticipated high-rise buildings coming to central Boston is the Millennium Tower. This development was one of the first major projects to get approval in Bostons recent building boom.
Located in Downtown Crossing, this area of Boston has been an up-and-coming hotspot in recent years. In 2005, Emerson College purchased the aging Paramount Theater and completely refurbished it. In 2010, Suffolk University followed suit with the historic Modern Theater. Both developments have been credited with breathing new life into Downtown Crossing. Now, the Millennium Tower is set to become the crown jewel of the neighborhood when it is completed in 2016. The project is currently under construction on the site of the old Filenes building, which had been knocked down in 2008 for another development. That development had been stalled due to the economic crisis and left a giant hole lingering in the middle of the neighborhood. With approval of the Millennium Tower in 2012, the unsightly hole will be filled in with one of Bostons greatest architectural marvels.
At 685 feet, the Millennium Tower will be the tallest residential building in Boston and the third tallest building in the city overall. According to the Boston Business Journal, the development will cost over $680 million to build and will create over 1.2 million square-feet of commercial and residential space.
The tower will hold over 400 luxury residential units ranging from 759 to 12,846 square feet. Residential units will start around $850,000 and the top floor will be graced with a $37.5 million penthouse. At 60 stories high, the penthouse will take up the entire top floor of the tower and is rumored to have a 2,500 square foot roof deck.
The lower floors will consists of retail and office space, along with a restaurant, a health club and a spa.
Link 1: http://www.bizjournals.com/boston/real_estate/2014/10/details-of-millennium-tower-boston-emerging.html
Link 2: http://boston.curbed.com/places/millennium-tower
Link 3: http://millenniumtowerboston.com
Nick Lattarulo for Bostonia Properties