[gallery] Bostons Midtown is located just to the east of the Boston Common and includes the Theater District and the shopping Hub known as Downtown Crossing. For decades Downtown Crossing has been a major shopping destination with large department stores as anchor tenants. Two of the most prominent and iconic stores were Filenes and Jordan Marsh, both of which have since closed. In recent years, Suffolk University has been a major contributor to the re-development of the area, building dormitories and academic buildings. In 2013 the 38 story Millennium Place opened at 580 Washington Street, offering luxury condominiums a block from the Common. Residences in this section of the city are in high demand due to their location in the heart of the city and their access to fine dining, the financial district and the arts. The majority of the residences in the area are luxury condominiums including the Ritz Carlton, Millennium Place, 45 Province Street, and The Residences at W.
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