$8M Tenant Fit-up Permit Pulled for Two Drydock
A permit valued at $8M has been pulled for tenant fit-up on floors 7-10 at Two Drydock Avenue. The project will include new finishes along with mechanical and electrical. When complete in the first quarter of 2020, Two Drydock will feature 225,000 square feet of office space with 9,500 square feet of ground-floor retail.
Tenants at the project will include MullenLowe and Mediahub who have leased 114,620 square feet plus Shell TechWorks who committed to 43,821 square feet. Local brewery Lord Hobo will occupy the 9,000 square feet of retail/restaurant space on the ground floor.
Fire Alarm and Electrical Permits Pulled for Everlane Coming to 121 Seaport
Fire alarm and electrical permits have been pulled for the fit-out of a new Everlane Store coming to 121 Seaport. The 50,000 square feet of retail space at the base of the Class A office project is quickly filling up with permits pulled for a Helly Hansen outpost last month. While primarily an online retailer Everlane has been expanding it's brick and mortar presence with the Seaport location expected to open next year.
Permit Issued for Plumbing Fit-Out of Helly Hansen Store in the Seaport
A permit has been pulled for the plumbing fit-out for a Helly Hansen store coming to the retail space at the base of 121 Seaport. The Norwegian brand offers clothing & gear for skiing, sailing and outdoor wear, fitting for the waterfront location.
Lord Hobo Coming to Two Drydock
Local brewery Lord Hobo has signed a lease for the 9,000 square feet of retail/restaurant space on the ground floor of Two Drydock in the Seaport. Along with a working brewery, the space will include a gastropub, taproom, and lounge. Upstairs Two Drydock will feature 225,000 square feet of Class A office space offering an array of amenities from a welcoming public plaza to a rooftop yoga studio. Construction is expected to wrap up in the first quarter of 2020.
Construction Expected to Kick Off Next Month for Brookline High School Expansion Project
Demolition and construction on the Brookline High School Expansion Project will officially kick off next month. Skanska Construction and architects of William Rawn Associates will be overseeing the construction of a new science wing at the corner of Tappan and Greenough as well as a new building at 111 Cypress Street. Demolition and construction of this project is expected to be completed by August of 2021.
Construction Continues on Skanska's Next Seaport Office Project: Two Drydock
Window install is ongoing for Skanska's Two Drydock, in Boston's Seaport. The 225,000 square foot project will feature flexible, modern office space, offering abundant natural light through this glass facade. Along with the office space the building will also feature 9,500 square foot of ground floor retail and parking for 150 cars. The parking has been strategically placed on floors 2-4 to allow for possible future repositioning.
Windows Going in at Two Drydock
Construction on Skanska's newest office project, Two Drydock is advancing with windows being installed. The upcoming 250,000 square foot mixed-use office building captures the industrial look of the neighborhood while offering modern office amenities like a rooftop terrace, fitness center, and open workspaces with abundant natural light. The building is targetting LEED Gold Certification and will feature an energy recovery system and high-performance curtain wall facade.
Education First's New Building in NorthPoint Nearly Complete
With the expected opening this spring, construction is in the final stages for Education First's new building in Cambridge's NorthPoint neighborhood. The new 12-story, 300,000-square-foot building will feature student housing, educational, office, and retail space. Open green space is also being created on the EF III site, including a flex-field large enough to accommodate a 5v5 soccer match and West Park, which will provide a quiet public area with seating areas.
Two Drydock Tops Off
With over 1750 steel beams in place, the 12-story tower at Two Drydock has topped off. The project will feature 225,000 square feet of office space, 9,500 square-feet of ground-floor retail as well as a 12,000 square-foot public plaza. Building amenities will include a rich first-level experience to include a cafe and craft brewing space, along with rooftop yoga area, and terrace with sweeping Boston and water views.
The Harlo Trades for $150 Million
The Harlo, located in the Fenway neighborhood of Boston has been acquired by Invesco Real Estate for $150,025,000.
New 17-story mixed-use building featuring 212 luxurious apartment residences and approximately 7,000 square feet of ground-floor retail space with premium dining options including Tatte Bakery, Oath Pizza and Cava Mediterranean Grill. Residences at The Harlo range from studios to three-bedrooms and feature elegant finishes including exposed concrete ceilings; quartz countertops; hardwood floors; oversized windows; and panoramic views of Fenway Park, the Charles River, and Downtown Boston. Select residences feature loft floor plans, as well as private terraces.
PTC Relocates to 250,000 SF Global Headquarters in Boston’s Seaport District
Cresa and Margulies Perruzzi Architects lead project team to deliver PTC’s transformational, technology-rich workplace at 121 Seaport Blvd.
The Boston office of Cresa, the world’s largest occupier-focused commercial real estate firm, and Margulies Perruzzi Architects (MPA), one of New England’s most innovative architectural and interior design firms, today announced the completion of a new 250,000 SF global headquarters for PTC Inc.(PTC), a global provider of technology that transforms how companies design, manufacture, operate, and service things in a smart connected world. PTC relocated its headquarters from Needham, Mass., to 121 Seaport Boulevard, a newly constructed 17-story, 400,000 SF office building in Boston’s Seaport District. The building recently received the USGBC’s Leadership in Energy and Environmental Design (LEED) Platinum certification, its highest level of sustainability achievement.
PTC’s new technology-rich headquarters is a key part of the company’s business transformation, enhancing PTC’s profile and serving as a premier destination for employees, customers, and partners to experience PTC’s technology. At the heart of PTC’s new transformational headquarters is the Corporate Experience Center (CXC), an interactive showcase for PTC’s innovative technology, including its ThingWorx® industrial Internet of Things and Vuforia Augmented Reality (AR) platforms.
To facilitate the move to a new headquarters, PTC engaged Cresa as a global partner across multiple service lines, including site selection, lease administration, transaction management, workplace strategy, and project management. Cresa accomplished a six-month process in 30 days with fast-tracked negotiations that secured PTC’s 18.5-year lease for 250,000 SF at 121 Seaport. As the first signed tenant, PTC leased 63 percent of the building, where the company will house 1,000 of its 6,000 worldwide employees. PTC will occupy the building’s top nine floors with direct access to the roof deck from the top floor and access to a common area with an outdoor terrace on the third floor. Cresa also advised PTC on workplace strategy and facilitated PTC’s shift toward an activity-based, open office plan and free address concept for its workspace.
“Our move to Boston’s Seaport District signals a continued focus on innovation through forward-thinking technological advancements, as well as an evolution of our workplace strategy to anticipate the technology and workforce of the future,” said Eric Snow, senior vice president, corporate communications, PTC. “This workspace is intended to be transformational in every way: the urban location, workplace design, and abundant use of technology will provide our employees with the best possible work environment to thrive and innovate, all while offering our customers a state-of-the-art venue for experiencing our technology. We are thrilled to make this exceptional space our new home.”
MPA’s design for PTC’s headquarters was strongly influenced by the unique, elliptical-shaped glass tower of 121 Seaport. To maximize views of Boston Harbor and downtown Boston, the open office design places conference rooms and meeting spaces around the building core on each floor, and arranges bench seating with ergonomic sit-to-stand desks in a radial fashion that aligns with the oval shape. More than 200 technology-enabled collaboration and huddle rooms support PTC’sactivity-based workplace, which has no private offices and no assigned seats, encouraging employees to work where they want. Open-seating collaboration areas and touchdown spaces anchor the north and south end with a variety of seating styles. On every floor, a themed work café/coffee space, each dubbed “The Hive,” offers employees a diverse experience for casual meetings, socialization, and quiet time. Gigantic curved LED light fixtures span the arc on each floor, with colored lights on the 17th floor providing a dramatic view from the street at night.
With its convergence of digital and physical features and a layout that encourages employees and customers to co-mingle, the 17th floor is at the forefront of PTC’s new headquarters design. The world-class CXC provides visitors with a customized, hands-on tour to experience a world powered by PTC’s Industrial Internet of Things, Augmented Reality, Product Lifecycle Management, and 3D CAD technologies. This is made possible through a combination of state-of-the-art meeting space and more than 20 experiential exhibits showcasing customer and partner innovations. These exhibits dynamically demonstrate PTC’s technology by using Augmented Reality, Virtual Reality, and even a ride-on experience to bring the solutions to life. In addition, an adjacent R&D lab and maker space allow customers to engage with PTC engineers as they develop the next generation of innovative technology. A large café called “The Common” faces the CXC on the other side, providing plenty of seating for both employees and visitors. A large, open stair with a glass head-house connects The Common to the landscaped roof deck with outdoor seating.
In addition to the LEED Platinum-certified 121 Seaport building, PTC’s headquarters is expected to achieve LEED Gold certification. The company is also implementing the FitWelSM program for employee health and wellness.
Exterior Work Nearly Complete for Boston College Rec Center
Exterior work is wrapping up for The Margot Connell Recreation Center at Boston College. The new 240,000 square foot building will offer the BC community a place to play and gather with friends. The project includes a gymnasium, multi-purpose courts, swimming pools, a golf simulator, and a jogging track. Construction is set to be complete this summer.