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Millennium Partners

From EverybodyWiki Bios & Wiki

Millennium Partners
Private
ISIN🆔
IndustryReal Estate Real Estate Investment Trusts
Founded 📆1991 (26 years ago)
Founder 👔Christopher M. Jeffries

Philip E. Aarons

Philip H. Lovett
Headquarters 🏙️,
New York
,
United States of America
Area served 🗺️
Across United States
Key people
Christopher M. Jeffries (Founding Partner)

Philip E. Aarons (Founding Partner)

Philip H. Lovett (Co-Founder)
Members
Number of employees
6
🌐 Websitemillenniumptrs.com
📇 Address
📞 telephone

Millennium Partners LLC is a privately held real estate company, headquartered in New York. It is involved in the development of mixed-use luxury residential and commercial properties which includes fitness centers, condominiums and entertainment facilities in San Francisco, Boston, Los Angeles, Miami, Washington DC and New York. The company also has interests in hotels in and around New York.

History[edit]

The company was founded by Christopher M. Jeffries, Philip E. Aarons and Philip H. Lovett in 1991.[1] To date, Millennium Partners has developed 2,900 luxury condominiums, two-extended stay luxury hotels, eight five-star hotels, a total of 1,200,000 square feet of office space, 1,000,000 square feet of retail space, 3,750 parking spaces, five Loews Cineplex theaters and five grand health clubs. Millennium Partners portfolio is now worth a whopping $4 billion.[citation needed]

In 2012, company founder Jeffries made headlines when he sold his Manhattan duplex condominium for $75 million[2]. On 23rd April, 2014, Millennium Partners was represented by Cushman & Wakefield in a long term lease deal with Primark, a leading European fashion retailer for the renovation of the Burnham Building in Boston’s Downtown Crossing[3].

In 2016, the Boston Development Authority picked Millennium Partners for building a 55-story skyscraper on the site of the defunct Winthrop Square garage on Devonshire Street.[4]

Properties[edit]

Properties of Millennium Partners span across many locations in cities across the United States.

Boston:[edit]

Millennium Tower

Millennium Place

The Ritz-Carlton Hotel and Residences

One Charles

Loews Theater Boston Common

San Francisco:[edit]

706 Mission Street

Millennium Tower

Four Seasons Hotel & Residences

New York:[edit]

The Ritz-Carlton New York, Central Park

50 Central Park South

The Ritz-Carlton Hotel and Residences, Battery Park

Millennium Tower Residences, Battery Park

The Grand Millennium

Park Millennium, Upper West Side

The Philips Club

Miami:[edit]

Four Seasons Hotel & Tower

Washington, D.C:[edit]

The Ritz-Carlton Hotel and Residences, Foggy Bottom

Los Angeles:[edit]

Millennium Hollywood

Controversy[edit]

The Millennium Tower in San Francisco made headlines when it emerged that it started to tilt and sink since its completion in 2008. Owners of the condominium tower raised concerns about the value of their investments given the structural issues. Other issues, such as fire hazards have been raised. Lawsuits are currently ongoing.[5][6][7]

References[edit]

  1. "Millennium Partners, L.P.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-10-03.
  2. David, Mark (2012-03-09). "More New York City Floor Plan Porn: Christopher M. Jeffries". Variety. Retrieved 2017-10-03.
  3. "Cushman & Wakefield represents Millennium Partners in 112,000 s/f lease". Retrieved 2017-10-03.
  4. "Tower proposal gets major boost". Retrieved 2017-10-04.
  5. "Legal battle over Millennium Tower rages on in San Francisco". ABC7 San Francisco. 2017-08-08. Retrieved 2017-10-04.
  6. "A 58-story skyscraper in San Francisco is tilting and sinking — and residents say their multimillion-dollar condos are 'nearly worthless'". Business Insider. Retrieved 2017-10-04.
  7. "A new report suggests a fire risk inside San Francisco's leaning, sinking skyscraper". Business Insider. Retrieved 2017-10-04.

External links[edit]


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