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BOSTON-The developer of the Ritz Carlton Hotel & Towers, Boston Common will sell off 63 luxury apartments as condominiums later this summer. Millennium Partners-Boston, developer of the mixed use project across from Boston Common, says the apartments, which currently rent for $4,500 to $6,000 per month, will be marketed as part of the developer’s long-standing plan to tap into Boston’s condo market.

Prices for those units have not been set. Opened in 2001, the towers have 304 luxury condos that were initially priced between $500,000 to $6 million. Under a plan developed when the property was initially constructed, several floors at the Phillips Club were set aside as rental units for out of town executives. But when the economy slumped, fewer executives rented the property, leaving the units available for condo conversion, according to Anthony Pangaro, a principal with Millennium. Those condos, which are on lower floors and have smaller square footage than the upscale luxury units on upper floors, will be among those put up for sale. About a dozen other upper floor luxury condos are also still available.

Developed at a cost of more than $515 million, the project is the largest development in downtown Boston in decades. In addition to the condominiums, it also contains a 193-room luxury hotel, a 100,000 sf sports club, a 19 screen, 4,700 seat theater complex and retail stores and restaurants.

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