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