Millennium Tower Penthouse

3 Tips on Navigating Boston’s Luxury Condo Market

Millennium Tower Boston

Robert Paul Properties co-founder Paul Grover (pictured left) with Jeff Lewis, star of Bravo TV’s hit show Flipping Out

Robert Paul Properties was recently granted exclusive access to the Millennium Tower, Boston’s ultra luxury residential high-rise set to open in late 2016, for an event featuring several speakers sharing their insights on Boston’s luxury condo market. The speakers included, friend of the firm, Jeff Lewis, from Bravo TV’s Flipping Out, along with Torrance Childs of BostonPrivate, and Wayne Lopez of Millennium Partners.

Top 3 Takeaways from the Millennium Tower Event

Brian Warner Dougherty, Managing Partner at Robert Paul Properties

Brian Warner Dougherty

Brian Warner Dougherty, Partner at Robert Paul Properties, shares his top three takeaways from the Millennium Tower Event.

1. Speed Matters.

“When looking at these new luxury development opportunities in Boston, speed matters. The Millennium Tower Project is already 90% pre-sold, and potential buyers have to wait a year before they get another chance to purchase one of these coveted units. Many clients missed out on the opportunity to own Millennium Tower because they wanted to ‘see how it turned out first.’ Following the Millennium Tower buying trend, we should expect that upcoming luxury developments will sell out quickly too, long before clients have a chance to ‘see how it turns out.’ My first takeaway is to advise clients to align themselves with a great agent at Robert Paul Properties who is dialed in to the development landscape and can help them research a project, the developer, and their track record so that when the inventory gets released, they are ready to get a piece of the growing skyline!”

 2. Amenities.  Amenities. Amenities. 

“It’s no longer acceptable to simply have a doorman or concierge. Buyers want more from their luxury residences such as private dining options featuring celebrity chefs, personal movie theaters, resident-only spas, fitness centers, and on-site doggie daycare for residents. Developers are constantly innovating in order to keep their developments attractive and competitive in the new luxury landscape.”

3. Higher is Better. 

“If you are not afraid of heights, the view is becoming the next luxury amenity. The marketing and sales team for Millennium Tower focused largely on views, and to approximate the views, the developer arranged for drones to fly at the height of each residence and take photos and videos of what future owners would see. The developers and the buyers of Millennium Tower realize that it is ALL ABOUT the view. There are some amenities that are priceless, and a spectacular view is one of them.”

Robert Paul Properties Knows the Luxury Market

Robert Paul Properties is a boutique firm that specializes in luxury real estate, meaning we are best positioned to assist you in navigating the current ultra-luxury condo market with our expert knowledge and unsurpassed service.

Unparalleled Market Expertise: Our agents have a deep knowledge of area sales histories, market activity and trends, condo regulations, and Boston’s luxury condo development landscape. We know what condos are being built, who is building them, and what is a solid investment and what isn’t. We work off constantly updated market-wide data based on recent transactions to ensure that our clients are best positioned in this ever-changing high end marketplace.

Exceptional Customer Service: Our company is built upon providing each buyer and seller with a superior level of attention. Our agents will work diligently to tailor the buying and selling process for each of our clients.

The Millennium Tower Boston

Images of Millennium TowerMillennium Tower Boston is a 60-story, $700 million ultra luxurious high-rise residential building located next to the former home of Filene’s department store in Downtown Crossing. At 685 feet, Millennium Tower is one of the tallest buildings to grace the Boston skyline and is the tallest residential building in the city. There are 442 residences at the Millennium Tower, ranging from $850,000 for a 1-BR to $37.5 million for a jaw-dropping 13,000 square foot penthouse with a 2,500-square-foot deck. 90% of units have already been purchased.

Robert Paul Properties knows luxury living, and we know which buildings are best suited for our clients’ individual needs. Interested in the Millennium Tower or something similar? Our agents are always up to date on all major projects, so call one of our experienced Boston agents today at 617.262.1414 to discuss how Robert Paul Properties can help find the perfect luxury condo for you. Or stop by our office at 140 Newbury Street in the heart of Boston’s high-end shopping district to speak with one of our agents face-to-face.