Millennium Tower condos are selling fast, but the big penthouse still looms
Hoping to snap up a multimillion-dollar condo at the new Millennium Tower? Better hurry then.
Hoping to snap up a multimillion-dollar condo at the new Millennium Tower? Better hurry then.
The Millennium Tower, the city’s tallest and poshest condo skyscraper so far, is on track to sell out completely before it even opens.
Millennium Partners says it now has sales agreements on more than 90 percent of the 442 luxury condos.
With opening day not until next summer, that gives the developer, a prolific builder of luxury towers on Boston’s skyline, more than enough time to ink deals for the remaining 40 or so units, downtown brokers say.
Reaching new heights
The developer plans to hold a “topping off’’ ceremony on Thursday to highlight the progress of construction on the 60-story tower in Boston’s Downtown Crossing. The occasion traditionally marks the last beam raised, or in this case the “final concrete pour topped by a flag,’’ according to a press release touting the event.
Next door, Millennium has already renovated the palace-like, turn-of- the-century Filene’s building. Primark, a top European retailer, just opened up there on Thursday, joining upscale supermarket chain Roche Brothers.
“The super luxury market doesn’t show any signs of slowing down,’’ said Michael Carucci, executive vice president of Gibson Sotheby’s International Realty in downtown Boston.
A rare milestone
Millennium declined to provide details on the sales, though one industry executive said some of the latest agreements have been for the tower’s deluxe penthouses on its top floors.
The developer has previously disclosed that some sales have been as high as $9 million.
While not unprecedented, selling out the entire tower before it even opens would be an accomplishment given the large number of units involved (442), said Kevin Ahearn, president of Otis & Ahearn, a downtown condo marketing and brokerage firm.
Other examples of pre-opening sell outs include 22 Liberty, a new tower on the harbor in Boston’s Seaport, though it had only 108 condos.
“They came out very aggressively and they have had the pedal to the metal,’’ Ahearn said of Millennium’s marketing campaign. “It has been remarkable.’’
Still on the market, though, is the tower’s showcase unit, a $37.5 million penthouse, a Millennium spokeswoman confirmed.
Story continues after gallery.
Peek inside the $37.5 million Millennium Tower penthouse:
“Regarding the penthouses, they are among the most exciting real estate offerings in Boston, and there is strong interest from a number of qualified buyers, with active discussions currently underway,’’ said Richard Baumert, a partner at Millennium Partners, in a statement.
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