Millennium Tower Boston 70% Sold

Posted March 12, 2015 by Lindsey Day in Business
Millennium Tower Boston

Yesterday, Millennium Partners reached a milestone: 70 percent of Millennium Tower Boston‘s 442 condominium units sold in just four months, bringing in $650 million in revenue. What’s more, this represents just a fraction of Millennium Partners’ earnings. Sales from Millennium Tower Boston and Millennium Place topped $1 billion in 18 months.

A Peek Inside Millennium Tower Boston

If you work or live in Downtown Boston, you’ve probably seen Millennium Tower Boston rising from the former Filene’s Basement site in Downtown Crossing. The high-rise will give residents 360-degree views of DTX, never before available in private homes.

The building offers one-, two-, and three-bedroom luxury apartments that range in size from 759 to 12,846 square feet. All units feature the finest finishes and materials, deluxe appliances, and flawless design. Millennium Tower Boston prices begin at $1,150,000 up to $37.5 million for the 60th floor penthouse unit.

The still-under-construction luxury residential complex will rise 60 stories and offer residents easy access to downtown Boston and a plethora of choice amenities. Millennium Tower dwellers will be able to relax and unwind in the onsite theater, billiard parlor, fireplace, or library; sample fine dining from celebrity chef Michael Mina in Mina’s only New England location; and take advantage of 24-hour concierge and valet service.

Millennium Tower Boston residents will also be able to shop at their very own grocery store, since the project also includes the construction of a Roche Bros. in the adjacent Burnham Building — the very first major grocery store to come to downtown Boston. Tower residents will also have access to a private health club, FLX by Millennium, which is set to offer an indoor lap pool, the latest in cardio and strength training equipment, and a full suite of nutrition and mind/body wellness services.

Three-quarters of Millennium Tower Boston buyers are local, Millennium Partners reports. Richard Baumert, partner at Millennium Partners, said, “Millennium Tower Boston promises to be a significant influence, not only in the evolution of luxury living in Boston, but also in the transformation of one of the oldest established neighborhoods in the country to a newly vibrant, energetic urban center.”

Millennium Partners first redesigned the luxury hotel experience working with Ritz-Carlton and Four Seasons before turning their attention to luxury residences in high-profile cities like San Francisco and Boston. Millennium Tower Boston promises to be the feather in Millennium Partners’ cap, representing the pinnacle of more than two decades of investment in upscale development.

What the Sales Mean For DTX

The landscape of DTX has changed so much, and more change is on the horizon for 2015. As Millennium Tower Boston gets closer to completion, more changes are all but certain in the area, as businesses and urban planners cater to the changing demographic of the neighborhood.

In the fall of 2015, DTX’s Washington Street is set to get a luxury boutique hotel, The Godfrey Hotel, in the historic Amory and Black buildings; the premier Boston location of a French-owned European patisserie, PAUL; and fine dining Northern Italian New York-import Serafina.

These new additions prove that downtown Boston is still a neighborhood of choice for businesses, and that downtown Boston residents and workers will have more choice when it comes to entertainment and dining.

Millennium Tower Boston is located at 1 Franklin Street in downtown Boston and has a luxury residence sales center at 40 Franklin Street. The DTX luxury residence will open for move-in beginning summer 2016, but if you want to get a unit, these sales statistics suggest that you’d better act fast. There won’t be available units for much longer.