Suffolk Construction recently celebrated the groundbreaking of Millennium Place III, a 15-story, 390,000 s/f residential tower in the 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 s/f 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 St., Avenue de Lafayette, Harrison Ave. Extension, and Hayward Place. Construction of the residential tower is expected to add 450 construction jobs, and will significantly contribute to the revitalization of the Downtown Crossing area.
The developer is Millennium Partners, and Handel Architects is the architect. The project will be designed and built to achieve USGBC LEED Silver certification.
The 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.
Suffolk is also managing construction for The Kensington project, a 27-story, 381-unit residential tower located on Washington St. The construction management firm recently completed construction on the restoration and rebuilding of the neighboring Boston Opera House and Suffolk University's Modern Theatre.