Suffolk Construction has broken ground on Millennium Place III, a 15-story, 390,000-sf luxury residential tower in Boston’s Downtown Crossing neighborhood.
The $220 million project includes $135 million of hard construction costs and is comprised of 256 units with one, two, and three-bedroom apartments, 9,700 sf of retail space on the ground floor, and 125 below-grade parking spaces.
When completed in fall 2013, the new building will replace an underutilized parking lot and occupy a full city block that spans Washington Street, Avenue de Lafayette, Harrison Avenue Extension, and Hayward Place. Construction of the residential tower is expected to add 450 construction jobs, and will contribute to the revitalization of the Downtown Crossing area.
The developer is Millennium Partners, and Handel Architects of New York is the architect. The project will be designed and built to achieve LEED Silver certification.
The residential tower will be the third and final phase of Millennium Partners’ mixed-use campus in Downtown Boston. The first two phases of Millennium’s development consists of the Ritz Carlton Hotel and Towers. BD+C
Related Stories
| Jul 20, 2012
Data Centers Report: Demand ‘exploding’
BD+C's Giants 300 Top 25 AEC Firms in the Data Center sector.
| Jul 20, 2012
Office Report: Fitouts, renovations keep sector moving
BD+C's Giants 300 Top 25 AEC Firms in the Office sector.
| Jul 20, 2012
K-12 Schools Report: ‘A lot of pent-up need,’ with optimism for ’13
The Giants 300 Top 25 AEC Firms in the K-12 Schools Sector.
| Jul 20, 2012
Higher education market holding steady
But Giants 300 University AEC Firms aren’t expecting a flood of new work.
| Jul 20, 2012
3 important trends in hospital design that Healthcare Giants are watching closely
BD+C’s Giants 300 reveals top AEC firms in the healthcare sector.
| Jul 20, 2012
Global boom for hotels; for retail, not so much
The Giants 300 Top 10 Firms in the Hospitality and Retail sectors.
| Jul 20, 2012
Gensler, Stantec, Turner lead ‘green’ firms
The Top 10 AEC Firms in Green Buildings and LEED Accredited Staff.
| Jul 19, 2012
Renovation resurgence cuts across sectors
Giants 300 reconstruction sector firms ‘pumping fresh blood in tired spaces.’
| Jul 19, 2012
Rental market pushing service, ‘community’
The Top 25 Giants 300 AEC firms in the Multifamily Sector keep four-legged tenants in mind.
