There is now a penthouse in the Downtown Crossing condo complex asking $25,000 a month. Not exactly coffee-spewing shocking in Boston's luxury rental market, but enough to beg the question: Has the game-changing-est condo in Downtown Crossing jumped the shark because of all these rentals?
Millennium Place, recall, was supposed to add a certain 24/7 vibrancy to the area through the introduction of hundreds of new condo owners with time to spend and the money to spend it with. Instead, for every mega-sale in the 256-unit building it seems we have a mega-rental as well, introducing the potential for dozens of more transient, less neighborhood-invested tenants (though, to be fair, some have argued better a Boston-based tenant than an absent owner using his or her Millennium place spread as a pied-a-terre). Whichever way you slice it, the condo has a lot of apartments. Maybe enough to no longer see it as a game-changer for the neighborhood?
The biggest rental listing yet appears to be that $25,000 asking for the 2,313-square-foot Penthouse B, which traded for $3,325,000 in early December. It comes with a 1,000-square-foot, L-shaped terrace—the better to see if, indeed, Downtown Crossing changes that much because of Millennium Place.
· Millennium Place Notches Biggest Sale Yet, Nearly Sold Out [Curbed Boston]
· Quite Likely Boston's Priciest Residential Rent Ever [Curbed Boston]
· Millennium Place: Boston's 'Inner-City Country Club' [Curbed Boston]
· Number of Millennium Place Rentals Continues to Grow [Curbed Boston]
· Downtown Crossing's Millennium Place Almost Sold Out [Curbed Boston]
· Our complete Millennium Place coverage [Curbed Boston]