Last Friday I had an opportunity to participate in a "hard hat" project overview tour of Millennium Place (580 Washington Street), Kensington Place (659 Washington Street), and the Filene's Project, Burnham Building (426 Washington Street).
At last the final transformation of Midtown now appears to be at hand when these and the other projects currently underway are completed in the next 18 to 24 months.
- Millennium Place: 15-story, 265-unit, 390,705 square-foot mixed-use tower with approximately 12,000 square-feet of ground floor retail and 125-space underground garage. The site was purchased for $23 million and ground was broken on the project in November 2011.
- Kensington Place: 385-unit (61 affordable housing units), 27-story, 457,000 square-foot apartment tower includes 110-parking spaces and 4,000 square-feet of ground-floor retail space. Ground was broken in October 2011.
- Millennium Tower and Burnham Building: 1.2 million-square-foot development project on the site of the former Filene's Basement building. The most recent proposal call for 600 unit, 600+ foot high tower. The proposal also includes 230,000 square-feet of retail and 200 square-feet of office space. 550 parking spaces will be created through this project; 250 will be public.
The evolution of the Washington Street area is soon to become a vital 24/7 mixed-use residential and commercial neighborhood. Since 2000 there has been a capital investment of $359 million in hotel, $935 million in residential, $182 million in theater, $42 million in restaurant and $936 million in mixed-use construction.
I for one am excited for the future of one of Boston's most iconic retail centers.
Curious to find out more about living at any of these new developments? Contact me and we can discover if these projects fit your needs.