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LStar Communities held a ribbon cutting ceremony last Wednesday (November 23rd, 2016) for the new $6.7 million Patriot Parkway at Union Point in South Weymouth. The completion of the Parkway frees hundreds of acres of land at Union Point up for development. The completed Parkway, financed by MassDOT, cuts through the 1,500 acre Union Point site, linking Routes 3 and 18 as well as the South Weymouth commuter rail station and the future Union Point town center district. Town Center Apartments, a new mixed-use development with 265 apartments and 14,000 square feet of retail, is already under construction at the end of the Parkway steps to the commuter rail station.
Union Point residents were delighted to welcome the new Parkway and enthusiastically honked their car horns as they drove along the road for the first time. The following are photographs from the ribbon cutting ceremony:
Union Point plans revealed at BLDUP, Inc.’s Developer’s Agenda
LStar Communities’ Managing Partner Kyle Corkum revealed the latest plans for Union Point, a a 1,500 acre mixed-use development located 12 miles from Boston, at BLDUP, Inc.’s inaugural Developer’s Agenda event last Thursday evening. Corkum, with help from John Tocci Jr., Director of Virtual Design and Construction at Tocci Building Companies, led Developer’s Agenda attendees on a 3D virtual tour of Union Point and revealed new project renderings, which can be found on the Union Point BLDUP page.
Corkum spoke of the “unprecedented opportunity to build something spectacular” at Union Point, namely a “new transit-oriented city.” The State of Massachusetts has invested $53 million into a new 2.5-mile parkway at Union Point that leads to a new MBTA Commuter Rail Station; the State also invested $23 million into the MBTA Station.
Corkum unveiled plans for a “tremendous concentration of restaurants in an urban environment” that will be centered around a new man-made lake. These restaurants will surround new professional athletic facilities, activating the restaurant district. At game times, streets will be closed off “like Yawkey Way” in Boston. According to Corkum, professional sports teams have already committed to playing at Union Point.
Ultimately, over 100 commercial buildings will be constructed at Union Point; Union Point will feature up to 4,000 homes and up to 6 million square feet of commercial. Construction recently began on Town Center Apartments, a mixed-use development at Union Point with 14,000 square feet of retail and 265 units of rental housing. Six major projects at Union Point are now underway; up to 20 major projects will be underway by Spring 2017.
A topping off ceremony was held in New York City yesterday (October 6th, 2016) to mark the completion of 3 World Trade Center's 80-story, 1,079 foot tall steel frame. During the ceremony, the frame's final steel beam was lifted into place at the tower's summit.
3 World Trade Center's glass curtain wall has nearly reached the top floor. Vidaris is providing comprehensive building envelope consulting and monitoring services for the curtain wall's construction. The curtain wall includes a high-performance thermally-broken window wall system which incorporates low-emmisivity glass for optimal thermal performance. 3 World Trade Center is targeting LEED Gold efficiency certification.
The 2.5 million square foot 3 World Trade Center will contain Class A office space with 150,000 square feet of retail across the tower's first five floors. 3 World Trade Center is the fourth of five buildings that will be built at the World Trade Center site. The following is a video by Vidaris of the 3 World Trade Center steel frame topping off:
The following is a photograph by Vidaris of 3 World Trade Center's glass curtain wall:
Concrete core tops out at NYC's 3 World Trade Center
A topping out ceremony was held Thursday for New York City's 80-story, 1,079 foot tall 3 World Trade Center office tower. The ceremony marks the completion of concrete construction. The tower will consist of a reinforced concrete core; construction continues on the surrounding steel structure. 3 World Trade Center is the fourth of five buildings that will be built at the World Trade Center site.
Developer Larry Silverstein signs the final concrete bucket at 3 World Trade Center (Source: PR Newswire)
Intercontinental Real Estate Corporation buys East Cambridge buildings for $304 million
Canal Park Cambridge, a 428,000 square foot development consisting of three office and retail buildings located along Lechmere Canal Park in East Cambridge, has reportedly sold for $304 million. The sale was reported this morning by The Boston Globe. Deeds were recorded in the Middlesex South Registry of Deeds this afternoon for 1 and 2 Canal Park; the sale of 10 Canal Park has not yet closed. 1 Canal Park sold for $72,260,800; 2 Canal Park sold for $154,371,200. A locus map of Canal Park Cambridge is posted above.