Millennium (Hayward) Place | 580 Washington Street | Downtown
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FenwayResident
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Re: Millennium Place III | Hayward Place
At $785/sqft that's pretty cheap for downtown standards. Back Bay/Beacon Hill regularly push $1000+/sqft. South End can be around $800-900/sqft.
Although like choo said I bet the fees are ridiculous. I could see them being $1000/month for all the perks you get.
At $785/sqft that's pretty cheap for downtown standards. Back Bay/Beacon Hill regularly push $1000+/sqft. South End can be around $800-900/sqft.
Although like choo said I bet the fees are ridiculous. I could see them being $1000/month for all the perks you get.
atlantaden
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Re: Millennium Place III | Hayward Place
http://bostonherald.com/business/real_estate/2013/10/midtown_luxury_units_sport_perks
According to this article from the Herald, the monthly condo fees are close to $2000 per month. And that the Washington street/Paramount Sign side of the building is the most desirable side of the building which might put the rest the fears that once those units are occupied, then the residents will lobby to cut down on the hours that the sign is illuminated.
http://bostonherald.com/business/real_estate/2013/10/midtown_luxury_units_sport_perks
According to this article from the Herald, the monthly condo fees are close to $2000 per month. And that the Washington street/Paramount Sign side of the building is the most desirable side of the building which might put the rest the fears that once those units are occupied, then the residents will lobby to cut down on the hours that the sign is illuminated.
Shepard
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Re: Millennium Place III | Hayward Place
The fact that it's 85% sold before anyone even moves in tells me there must be latent demand for these type of units in downtown locations. So I'm curious whether anyone has any insight - who are the buyers? Downsizing Westonite boomers? Foreign investors? Highly paid executives moving to Boston who in previous years may have ended up in Lexington?
The fact that it's 85% sold before anyone even moves in tells me there must be latent demand for these type of units in downtown locations. So I'm curious whether anyone has any insight - who are the buyers? Downsizing Westonite boomers? Foreign investors? Highly paid executives moving to Boston who in previous years may have ended up in Lexington?
FenwayResident
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Re: Millennium Place III | Hayward Place
If I'm reading that correctly you only get the first year at the gym included with the fee? That's ridiculous. If I'm paying $2000/month in condo fees, I'd expect someone to come to my room and dress me, before carrying me in my own personal litter to the gym.
If I'm reading that correctly you only get the first year at the gym included with the fee? That's ridiculous. If I'm paying $2000/month in condo fees, I'd expect someone to come to my room and dress me, before carrying me in my own personal litter to the gym.
dirtywater
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Re: Millennium Place III | Hayward Place
Condo fees are based either (a) upon the percentage interest that each unit has in the common areas and facilities of the condominium, which in turn is based on the relative values of the units when the condominium is created, or (b) the relative sizes of the units, perhaps taking into account other factors like location of the unit, amenities in the unit and the like. Basically, less expensive units than the one cited in the article will have lower condo fees than $2,000/month and more expensive units will have higher condo fees higher than $2,000/month.
Condo fees are based either (a) upon the percentage interest that each unit has in the common areas and facilities of the condominium, which in turn is based on the relative values of the units when the condominium is created, or (b) the relative sizes of the units, perhaps taking into account other factors like location of the unit, amenities in the unit and the like. Basically, less expensive units than the one cited in the article will have lower condo fees than $2,000/month and more expensive units will have higher condo fees higher than $2,000/month.
Re: Millennium Place III | Hayward Place
Condo fees are pretty much $1 per square foot on all the listed units.
Typically, first-year condo fees are "conservative", meaning they tend to go up in future years. Actual expenses may vary widely from what the developers estimate, which is why this happens.
Closings began today, apparently. First unit showing as closed was a 1703-square foot home, sold for $1,445,000. Had a condo fee of $1,458.
Condo fees are pretty much $1 per square foot on all the listed units.
Typically, first-year condo fees are "conservative", meaning they tend to go up in future years. Actual expenses may vary widely from what the developers estimate, which is why this happens.
Closings began today, apparently. First unit showing as closed was a 1703-square foot home, sold for $1,445,000. Had a condo fee of $1,458.
Charlie_mta
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Re: Millennium Place III | Hayward Place
Wow. Beautiful photos. The transformation of the of old Combat Zone is now complete.
Wow. Beautiful photos. The transformation of the of old Combat Zone is now complete.
SeamusMcFly
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Re: Millennium Place III | Hayward Place
If I had the necessary pretty pennies.....
It sure looks nice.
If I had the necessary pretty pennies.....
It sure looks nice.
jdrinboston
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Re: Millennium Place III | Hayward Place
Curbed is reporting that one of the units has already flipped. Unit 201 closed for $1.275 millionin the morning and then sold for $1.4 million a few hours later. Go figure.
Curbed is reporting that one of the units has already flipped. Unit 201 closed for $1.275 millionin the morning and then sold for $1.4 million a few hours later. Go figure.
Czervik.Construction
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Re: Millennium Place III | Hayward Place
Looks like the building is operational. All these years of ups and downs with this project. Does this thread now move to the "Boston Architecture" section?
Looks like the building is operational. All these years of ups and downs with this project. Does this thread now move to the "Boston Architecture" section?
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Re: Millennium Place III | Hayward Place
No. I think that the new deal is that it will get marked with a black box on the thread page, which denotes that it's complete.
No. I think that the new deal is that it will get marked with a black box on the thread page, which denotes that it's complete.
Czervik.Construction
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Re: Millennium Place III | Hayward Place
Ah, I see. I was wondering what the black box was for.
Ah, I see. I was wondering what the black box was for.
pixelsand8
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Re: Millennium Place III | Hayward Place
This picture inspired me to do my own interpretation of the lovely red neon reflection;
This picture inspired me to do my own interpretation of the lovely red neon reflection;
Re: Millennium Place III | Hayward Place
Closings have commenced! At least 18 units have closed. Prices, square footage estimates, here (Not very interesting):
http://www.johnakeithrealestate.com...-millennium-place-condominium-project-in-dtx/
BTW, is any of the street-level going to be retail? If not, how'd they manage that?
Right now, it's just black.
Closings have commenced! At least 18 units have closed. Prices, square footage estimates, here (Not very interesting):
http://www.johnakeithrealestate.com...-millennium-place-condominium-project-in-dtx/
BTW, is any of the street-level going to be retail? If not, how'd they manage that?
Right now, it's just black.
BostonUrbEx
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Re: Millennium Place III | Hayward Place
This place is a pretty friggin' sweet addition to downtown, I must say. The pictures on the last couple pages are outstanding. Love the reflections, the canyon view down Washington, etc. I still find the bricks a bit bothersome -- there's something odd about them and I can't put my finger on it. The color? The monotony of the brick sections? I don't know. There's something bothersome that most brick buildings wouldn't irk me.
This place is a pretty friggin' sweet addition to downtown, I must say. The pictures on the last couple pages are outstanding. Love the reflections, the canyon view down Washington, etc. I still find the bricks a bit bothersome -- there's something odd about them and I can't put my finger on it. The color? The monotony of the brick sections? I don't know. There's something bothersome that most brick buildings wouldn't irk me.