Dell acquires Millennium Tower penthouse for $10.9 million, new restaurants open
Dell Technologies Chairman & CEO Michael Dell closed yesterday (Tuesday, December 13th) on his acquisition of a penthouse condominium at the newly opened Millennium Tower in Downtown Crossing. Dell acquired a 4,110 square foot penthouse on the 60-story building’s 59th floor featuring three bedrooms, four full bathrooms and one half bathroom for $10.9 million. Dell also acquired two parking spaces in Millennium Tower’s underground garage. Dell will live in the heart of Downtown Boston an elevator ride away from top-notch resident amenities and restaurants at Millennium Tower. Japanese seafood restaurant Pabu and a new Caffe Nero opened last month on Millennium Tower and the adjacent Burnham Building’s lower floors. With Dell’s acquisition, sales of 401 Millennium Tower homes (91% of 442 total) have closed totaling $906 million.
84% of Millennium Tower condos closed for over $800 million, retail opening November
Millennium Tower is complete and has opened to
residents. Sales of 373 condominiums (84% of 442 total) have closed for over
$800 million. A Millennium Partners representative confirmed that Pabu, a
Japanese seafood restaurant, will open at the tower on November 1st. Caffe Nero
will open a cafe at Millennium Tower in mid-November, with Old Navy to follow
in the first quarter of 2017.
Millennium Tower’s exquisite glass facade is
prominently visible from all over Boston and is a key component of the 21st
century Boston skyline. Vidaris,
Millennium Tower’s building envelope consultant, provided exterior wall shop
and job site monitoring throughout the tower’s construction. Vidaris also
provided roofing and waterproofing job site monitoring for Millennium Tower. Vidaris performed energy modeling for both code compliance and
LEED credits. The following are exterior photographs of the completed Millennium
The following are interior photographs of Millennium Tower, courtesy Millennium Partners:
Millennium Tower move-ins start today, building 96% sold and nearly finished
The Boston Globe reports that the first Millennium Tower residents are moving into the building today (Friday, July 15th, 2016). Workers were reportedly putting finishing touches on lower floors this week, with upper floors scheduled for completion later this year. Millennium Tower is reportedly 96% sold, with all but about 20 of the tower's 442 units accounted for.
According to Richard Baumert of Millennium Partners, about 75% of Millennium Tower units were sold to Boston-area buyers. The first deeds for Millennium Tower unit sales were recorded Thursday, with closing prices ranging form $875,000 for a 16th floor unit to $8.7 million for a 45th floor unit. A total of 47 unit sales have closed as of Thursday. Buyers thus far include local executives as well as relatives of Harry Agganis, namesake of Boston University’s Agganis Arena.
The following are photographs of the nearly finished Millennium Tower:
Once these three retailers move in, Millennium Tower's 350,000 square feet of retail will be 100% occupied. In other news, Millennium Tower's 442 residential condominium units are reportedly 95% sold. Condominium sale closings will commence this summer in July.
The following is the Millennium Tower project profile in Millennium Partners' Winthrop Square proposal:
Millennium Tower's crane, Boston's tallest structure to date, is coming down as the building, built by Suffolk Construction, nears full completion! Glass is just about fully installed, and ground floors look ready for exciting new Downtown Crossing retail options.
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