Millennium Place hits 75 percent mark

Originally posted on Wicked Local Boston Homes by Marilyn Jackson

Millennium Place, the city’s newest – and most luxurious – residential development, has reached the milestone of 75 percent sales, and residents will begin moving into the 15‐story glass, steel and brick mixed‐use complex within the next 60 days.

“We are humbled by continuously strong sales at Millennium Place, which have surged in these last few weeks as the building nears opening and its community begins to form,” said Richard G. Baumert, a partner at Millennium Partners.

Just 64 of 256 residences remain, and a state‐of‐the‐art sales center at 172 Tremont St. offers a unique introduction to these one‐of–a‐kind homes.

Three other full‐service luxury buildings have enjoyed brisk sales as well. With the sale last month of the remaining penthouse at the Clarendon, that building is sold out. The W Boston has just eight remaining condos and is nearly 95 percent sold out, and 45 Province is at the 90 percent benchmark.

Millennium Place at 580 Washington St. represents the final piece of the developer’s work on the Avery Street Corridor stretching between Boston Common and Washington Street.

Millennium Partners developed the award‐winning Ritz‐Carlton Hotel and Residences 10 years ago, investing more than $1 billion in the neighborhood.

Its next undertaking is the development of Millennium Tower and the Burnham Building a short distance away on Washington Street on the site of the old Filene’s building.

When completed, this project, together with Millennium Place, will amount to another $1 billion investment in the city.

Founded in 1991, Millennium Partners has developed luxury mixed‐use residential properties that also include five‐star hotels, entertainment complexes, offices and world‐class spas and fitness centers throughout the country.