The second full week of July was huge for the 60-story Millenium Tower Boston. Nearly three years after breaking ground at the site of the former Filene’s in Downtown Crossing, the first wave of units closed at the Boston’s tallest residential building.
Of the 185 properties that closed for $1 million or more in Massachusetts that week, 44 of them were at the Millennium. All but six closed on Monday, July 14 and the remaining units closed the following day. The units sold for between $1,005,000 and $8,700,000 and only four owners took out mortgages, according to data compiled by The Warren Group, publisher of Banker & Tradesman.
The average sale price of those units was $3,610,988.64.
The unit everyone is waiting to hear about is the 13,000-square foot-penthouse unit purchased by Irish billionaire John Grayken, according to various news reports. It is rumored to have sold in the $37 million range.