Developer Millennium Partners announced on September 27 that it has closed on a deal to purchase the site of the Winthrop Square Garage, clearing the final step necessary to the construction of a 691-foot, 1.6 million-square-foot condo and office tower in its place.
The final cost of buying the site of the garage, which Millennium has already demolished, will run about $163 million. The city is the seller, and the closing means an upfront payment of $102 million.
The tower—designed by Handel Architects out of New York and destined to be one of the 10 tallest in Boston—is scheduled to be finished in 2022. Plans for it have been in the works for years, with bids, design tweaks, and the like.
Its evolution, too, marks yet another sign of Boston’s pivot away from the conventional parking garage.
- $1.3 billion Winthrop Square tower clears final hurdle [Globe]
- Boston’s 10 tallest buildings by 2020, mapped [Curbed Boston]
- Boston parking garages are becoming a thing of the city’s past [Curbed Boston]