Millennium Tower Sells 70 Percent of Units
Sales have totaled about $650 million in the four months the units have been on the market.
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. Approximately 75 percent of those sales are to local buyers, according to a press release by Millennium Partners, the tower’s developer.
“I would say it has exceeded expectations. We are very pleasantly surprised,’’ Richard Baumert, partner at Millennium Partners, told Boston.com.
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.
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.
“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.’’
Other remaining units start at $1.15 million, he added.
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.
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