News: Owners Developers & Managers

Suffolk breaks ground on $220 million, 15-story Millennium Place III

Suffolk Construction recently celebrated the groundbreaking of Millennium Place III, a 15-story, 390,000 s/f residential tower in the city'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 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 under utilized 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 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. 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 nearby 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. Suffolk Construction is one of the most successful privately held building contractors in the country, providing preconstruction, construction management, design-build, and general contracting services to clients in the healthcare, science and technology, education, federal government, and commercial sectors. Suffolk is based in Boston, Massachusetts and has a strong national presence with main offices throughout the Northeast, Mid-Atlantic, Southeast, and West Coast. Suffolk is committed to delivering its "build smart" approach to construction management on every project. The company's project teams provide clients comprehensive planning services, innovative solutions and technologies, and proven processes, such as Building Information Modeling (BIM), to deliver the most complex building construction projects on schedule and on budget, with minimal risk. Suffolk is a community-conscious organization dedicated to environmentally friendly and sustainable business practices, and is committed to making a positive impact in its local communities through grassroots volunteer work, employee fundraising, and corporate giving.
MORE FROM Owners Developers & Managers

Mount Vernon Co. acquires John Carver Inn & Spa in Plymouth, MA

Plymouth, MA The Mount Vernon Company (MVC), a Boston-based real estate and hospitality investment firm, has completed the acquisition of the John Carver Inn & Spa, an 80-room property.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Selecting the right façade installation firm - by Steven Powell

Selecting the right façade installation firm - by Steven Powell

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
IREM President’s Message: Fostering community connections during the holiday season

IREM President’s Message: Fostering community connections during the holiday season

The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season