If you're up on any Boston real estate news, then you're already aware of some major developments happening in the heart of the city. Downtown Crossing is expected to morph into one of the most desirable neighborhoods within the next year and continue on a path to more luxurious living.
To begin with as we've discussed before, there's Millennium Place which is being built very quickly, you can walk by almost anytime of day and find a crew working overtime to get this 15-story luxury building up. This building offers 5 different apartment and condo layouts based on the view and location. Homes will range in price from $550,000 to $3,500,000 and are not all that far away from hitting the market. There's no doubt that this building will bring a whole new look to Washington Street, offering the Ritz Carlton, across the street, a little bit of competition.
To compliment Millenium Place is, of course, the most anticipated project Boston has seen in some time, Millennium Towers. This building, from the same developers as Millennium Place, will incorporate elements of the old Filene's building on Washington Street and house not only condos but potential office and retail spaces. At 600ft tall, it is expected to replace the Hancock Tower as the tallest building in New England. With a full underground parking garage and potential for a national chain supermarket to move in the excitement for Millennium Tower is validated. If this project isn't a game changer for Downtown Crossing, then nothing will be.
Now another big change to come to the neighborhood is a Walgreens It's been over a year since Borders closed their doors, and the four story building on the corner of School Street has remained empty, but Walgreens has decided to give CVS some competition and take over this large building. And this isn't going to be your average pharmacy, not at all. This Walgreens will include a sushi-bar and smoothie bar, taking retail and pharmacies to a whole new level.
And finally for the cherry on the top, the city has just hired on a firm to go through with streetscape plans for Downtown Crossing. This includes some fantastic design elements and a friendlier, more modern look for the area. We'll have to wait and watch this all play out in the coming year or so, but it certainly looks like Downtown Crossing will be getting a facelift!