[Citylover94]

This will replace an earlier proposal by Midwood Development for 28 story tower across from the new Millennium Tower in Boston. It is expected to reach around 700 ft.

Another condo tower could spring up in downtown area

Suddenly, Downtown Crossing is becoming high-rise central.

A New York-based developer is preparing to file plans with the city for a tall condominium and apartment tower at the corner of Washington and Bromfield streets, the same intersection where the 60-story Millennium Tower is now under construction.

Representatives of Midwood Investment and Development, which has owned several buildings on the busy corner since the mid-2000s, declined to comment. But people familiar with the project said it aims to go public early next year with plans for a “very tall” residential building on the site, which today is street-level retail with older office space above.

Specifics such as exact height, unit cost, budget, and community benefits are being hashed out. Any large building there would be subject to approval by the Boston Redevelopment Authority. BRA staff said Midwood had briefed them on the project but that no precise details had been finalized. The project was first reported Sunday by Banker & Tradesman.

Midwood initially proposed a 28-story condo tower there in 2008 before shelving the plans during the recession. The new proposal comes as Millennium Tower has sold 90 percent of its roughly 450 units, demonstrating a market for high-end residences in the heart of Downtown Crossing.