About three weeks ago, there appeared to be at least 17 condos in the 256-unit complex on the rental market. Now, as of this weekend, it looks like the total is at least 26, including two five-figure newcomers: a 3-BR, 2-BA asking $11,500 and a 2-BR, 2-BA asking $10,000.
What might this mean for the supposedly game-change-y condo complex, which opened in October to much hopeful fanfare? More to the point, what might it mean to the surrounding area it was supposed to help game-change? After all, a big conceit of Millennium Place—as well as its bigger twin, Millennium Tower, which is under construction nearby—is that both will draw homeowners to an area that traditionally shuts down after 5 PM, the sort of residents who will take a long-term, vested interest in seeing the area revitalized.
Will dozens of tenants take the same long-term view? Conventional wisdom holds that they will not, that you need owners for neighborhood change you can believe in. Stay tuned.
· Millennium Place Is Boston's Newest Luxury Rental [Curbed Boston]
· Millennium Place: Boston's 'Inner-City Country Club' [Curbed Boston]
· The Millennium Tower Groundbreaking in Photos! [Curbed Boston]
· Our Millennium Place archive [Curbed Boston]