Building Boom: Boston Developers Target Millennials, Tech-Savvy Professionals

Millennium Tower Penthouse
Photo credit: Handel Architects
60Th Floor Millennium Tower Grand Penthouse

Boston developers are going after Millennials with out-of-the box amenities like yoga studios and hip-hop parties on the pool deck. One developer has gone as far as to include a Twitter wall in the lobby of its apartment building that flashes trending topics, the Wall Street Journal reports.

Downtown Boston has undergone an astonishing change these past few years, and is booming with new developments as glassy designer condos and high-rise apartments are underway. Take the 60-story glass skyscraper Millennium Tower that will open in July in downtown Boston, for example. Amenities include a spa, a salon, a private theater and a resident only-restaurant. The tower is 95% leased and has sold 445 condos, including its 13k SF penthouse listed for $37.5M.

Between 2010 and 2014, Boston’s population has grown by 6%—twice the national rate.

“Starting in 2013, we’re running at about 13 or 14 million feet under construction at any given time,” Boston Redevelopment Authority director Brian Golden says. “The sheer mass of new development is overwhelmingly residential.” [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI