Boston's Downtown Crossing to Gain New Residential Tower
- Dec 05, 2011
Boston—The Downtown Crossing area of Boston stands to be revitalized with an autumn, 2013, addition of a new 15-story, 390,000-square-foot luxury residential tower to be built by Boston-based Suffolk Construction.
Ground was recently broken on Millennium Place III, a $220 million project that will consist of 256 apartments ranging from one- to three-bedrooms, 9,700 square feet of ground-floor retail space and 125 below-grade parking spaces. The tower is being designed and built to achieve LEED Silver certification.
Millennium Place III will generate $135 million in hard constructions costs, and is expected to bring about 450 construction jobs. The residential tower is being developed by Millennium Partners. New York-based Handel Architects is the architect on the project.
Millennium Place III will span the entire city block bordered by Washington St., Avenue de Lafayette, Harrison Ave. Extension and Hayward Pl., and will put to much more productive use land currently occupied by an underutilized parking lot. It is to be the third and final phase of Millennium Partners Downtown Boston mixed-use campus. The previous two were the Ritz Carlton Hotel and Towers.
Other projects recently completed by Suffolk Construction include the restoration and rebuilding of the nearby Boston Opera House and Suffolk University’s Modern Theatre. Suffolk is also managing construction of a 27-story, 381-unit residential tower called The Kensington, on neighboring Washington Street.