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
| Apr 25, 2012
Bubble skyscraper design aims to purify drinking water
The Freshwater Skyscraper will address the issue of increasing water scarcity through a process known as transpiration
| Apr 25, 2012
Thornton Tomasetti/Fore Solutions provides consulting for Biologics Support Center
Project receives LEED Gold Certification.
| Apr 25, 2012
McCarthy introduces high school students to a career in construction
High school students from the ACE Mentoring Program tour the new CHOC Children’s Patient Tower in Orange, Calif.
| Apr 25, 2012
Missner Group names McCrory VP of property management
McCrory will be responsible for overseeing the financial and operational needs of the firm’s commercial real estate portfolio which includes more than two million square feet of property.
| Apr 25, 2012
Rogers joins Morgan/Harbour as senior project manager
Rogers will also manage the construction process and daily activities as well as act as the interface between the subcontractors, owners, municipalities and regulatory agencies
| Apr 25, 2012
J.C. Anderson selected for 50,000-sf build out at Chicago’s DePaul University
The build-out will consist of the construction of new offices, meeting rooms, video rooms and a state-of-the-art multi-tiered Trading Room.
| Apr 24, 2012
ULI Real Estate Consensus Forecast, projects improvements for the real estate industry through 2014
Survey is based on opinions from 38 of the nation’s leading real estate economists and analysts and suggests a marked increase in commercial real estate activity, with total transaction volume expected to rise from $250 billion in 2012 to $312 billion in 2014.
| Apr 24, 2012
Roofing Supply Group acquired by Clayton, Dubilier & Rice
RSG provides a complete offering of residential and commercial roofing materials and related supplies.
| Apr 24, 2012
McLennan named Ashoka Fellow
McLennan was recognized for his work on the Living Building Challenge.
