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New lobby and “building within a building” coming to 50 Post Office Square
50 Post Office Square, a historic 18-story, 782,304-square-foot Art Deco tower overlooking the eponymous landmark park, is receiving a new lobby, part of a new “building within a building” featuring amenities desirable to 21st century tenants. The lobby will have the address of 110 High Street, and will be exclusive to tenants of the new 200,000-square-foot “building within a building”, which will be located across 50 Post Office Square’s first six floors. The lobby will feature a high ceiling enclosed by a 35-foot-tall glass curtain wall, as well as an indoor-outdoor LED screen. Atop the lobby will be an outdoor roof deck also exclusive to “building within a building” tenants.
50 Post Office Square is the latest existing Boston office building to receive a “building within a building” across lower floors, a growing strategy to bring new life to older assets. Boston Properties recently introduced a boutique “building within a building” across the first six levels of the 62-story 200 Clarendon Street tower in the Back Bay, formerly known as the John Hancock Tower, with the address of 120 St. James Avenue. Boston Properties’ “building within a building” is designed to appeal to technology tenants with younger workers, many of whom prefer a more direct, visual connection to cities’ streetscapes well served by space closer to ground level.
Installation of the glass curtain wall of the 110 High Street lobby is nearly complete, and fit out of the lobby’s interior and roof deck will soon begin. Completion of the lobby is expected this Summer. The following are photographs of the 110 High Street lobby:
Aptiv leases 62,000 square feet at 100 Northern Avenue in Seaport District
British autonomous car and vehicle safety company Aptiv has leased 62,000 square feet across several floors at 100 Northern Avenue, a recently constructed 17-story, 534,000-square-foot office building located in Boston’s Seaport District. Aptiv’s space will house about 300 employees and open in mid-2018, joining anchor tenant law firm Goodwin, who leases 375,000 square feet across the seventh through 17 floors and a portion of the sixth floor.
Aptiv’s space will include the headquarters of nuTonomy, the autonomous car startup that has partnered with rideshare provider Lyft to test autonomous cars throughout the Seaport District. Aptiv, formerly known as Delphi, acquired nuTonomy for $450 million in October 2017. nuTonomy will relocate from its’ current office at the Seaport District’s Innovation and Design Building.
With Aptiv’s lease, about 79,000 square feet of office space remain for lease at 100 Northern Avenue. The building’s ground floor contains 18,000 square feet of retail home to a Sorelle cafe and a Wagamama restaurant. 100 Northern Avenue is located on the edge of Boston Harbor, with sweeping views of the water and the Boston skyline. The building was completed in Summer 2016 by The Fallon Company, and sold to Deutsche Bank of Germany for $447 million in March 2017.
Tatte Bakery & Café to open at Pier 4 in Seaport District
Local bakery and cafe Tatte will open its’ next location at the $500 million Pier 4 waterfront mixed-use development in the Seaport District. Tatte’s new location will be located on the ground floor of Pier 4’s 13-story office building, which will include tenants such as Boston Consulting Group and Cengage, and will be over 3,600 square feet in size. Tatte recently opened its’ seventh location on the ground floor of The Harlo, a newly opened 17-story luxury apartment tower in the Fenway, and its’ eighth location on the ground floor of the 399 Boylston Street office building in the Back Bay.
“Pier 4’s unbeatable location was a natural fit for us, and we look forward to opening our Seaport location in what will be a slice of green heaven on the water in the Seaport,” said Tatte founder Tzurit Or in a prepared statement. “I’ve watched the Seaport and Fort Point neighborhoods evolve into one of Boston’s most visited culinary destinations, and the Tatte team is thrilled to share a home base with some of the area’s top chefs.” Pier 4 will also be home to the Seaport District’s first farm-to-table restaurant, which is expected to open in 2019 and will be located on the ground floor of Pier 4’s nine-story waterfront condominium building. The restaurant will be operated by Kristin Canty, owner of organic, farm-to-table Concord, MA restaurant Woods Hill Table.
Pier 4 will feature a total of 37,000 square feet of restaurant and retail space, along with 353,000 square feet of office space, 106 luxury condominium residences, a new public Harborwalk and a one-acre waterfront park. The development is expected to open later this year. The Pier 4 office tower is fully glassed in, and installation of interior utilities and finishes is underway. The concrete superstructure of the condominium building has topped off, and the construction team has begun weatherproofing the exterior facade. The following is a photograph of Pier 4:
Cengage to relocate headquarters to nearly fully leased Pier 4 office building in Seaport District
Global education and technology company Cengage will relocate its’ headquarters to 117,000 square feet at Pier 4, a mixed-use Seaport District development overlooking Boston Harbor opening this Fall. Cengage’s office will be located across the second through sixth floors of Pier 4’s 13-story, 373,000-square-foot office building, with a private outdoor terrace on the fourth floor.
Cengage, who is currently located in Fort Point’s Channel Center, has leased its’ new space for 10 years and will move its’ 500 Boston-based employees to Pier 4 this Fall. The company is the United States’ largest provider of higher education teaching and learning materials, and is currently seeking to hire nearly 100 people to sustain its’ rapid transformation from a print company to a fully digital company. “Cengage has experienced significant growth since moving our headquarters to Boston in 2014,” said Cengage Chief Technology Officer George Moore in a prepared statement. “The region’s pool of the best and brightest tech talent has enabled our company to embrace new innovations that support students. The amenities, dynamic nature of the [Seaport] neighborhood and unobstructed views of the Boston Harbor will fuel our momentum, while inspiring current and future employees to think big, embrace the unknown and accelerate new ways of learning.”
With Cengage’s lease, the Pier 4 office building is nearly fully leased. The building will be anchored by Boston Consulting Group, who will open a new 202,000-square-foot headquarters across the top seven floors. In total, the building features 353,000 square feet of office space and 20,000 square feet of retail. Amenities will include a state-of-the art fitness center, bicycle storage and three levels of parking, with a new public Harborwalk and one-acre waterfront park. The $500 million Pier 4 will also feature a nine-story condominium building with 106 residences now on sale and 17,000 square feet of ground-floor retail.
Roche Brothers supermarket coming to $1.2 billion MIT Kendall Square Initiative development
Leading local grocer Roche Brothers will open a 19,000-square-foot Brothers Marketplace grocery store at One Broadway in Kendall Square, part of the Massachusetts Institute of Technology (MIT)'s multi-phased $1.2 billion Kendall Square Initiative mixed-use development. The grocery store is expected to open in summer 2019 and will share One Broadway's repositioned ground floor with a restaurant and a new home for Dunkin Donuts. One Broadway's repositioning is part of the 1.8-million-square-foot MIT Kendall Square Initiative development, which will construct six new buildings in Kendall Square including approximately 888,000 square feet of office space, 115,000 square feet of retail, 450 graduate student housing units, 290 housing units and over 1.8 acres of open space.
A grocery store has reportedly been the most requested retail use for the development by neighborhood residents, local employees, and students. “The community’s desire for a grocery store was raised in every conversation that we had with stakeholders during our zoning process,” says Steve Marsh, Managing Director of MIT’s Real Estate Group, in a prepared statement. “It is so important to those who live and work in Kendall that we worked to incorporate it in the earliest possible phase of our development. Going forward, we believe that the market will also serve as an anchor for other retail that contributes to a vibrant neighborhood and greater sense of place in the square.”
Harvard University’s new $1 billion Science And Engineering Complex tops off
A topping off ceremony was held last week for Harvard University’s new $1 billion six-story, 535,000-square-foot Science and Engineering Complex along Allston’s booming Western Avenue corridor. Harvard was joined by members of the project team, who together ceremoniously marked the installation of the Complex’s final steel beam. In the coming weeks, concrete will be poured on the bases of all of the complex’s levels in order to construct floors. Installation of the building’s performative facade, which will allow for abundant natural lighting and increased heating and cooling efficiency, will also begin. Completion of the state-of-the-art, LEED Gold-certifiable Science and Engineering Complex, which will be the new home of Harvard University's John A. Paulson School of Engineering and Applied Science, is expected in Fall 2020. The building will feature a wide variety of amenities, including laboratories, classrooms, research space and a 5,000-square-foot Maker Space featuring high-end manufacturing and assembly workstations. The following are photographs from the Harvard University Science And Engineering Complex topping-off ceremony:
Farm-to-table waterfront restaurant opening at Pier 4 condominium building in Seaport District, new project renderings revealed
The Seaport District’s first farm-to-table restaurant will open on the ground floor of the upcoming Pier 4 waterfront condominium building. The restaurant will be operated by Kristin Canty, owner of organic, farm-to-table Concord, MA restaurant Woods Hill Table, and will have 140 seats, including a raw bar, along with a 40-seat patio. Like Woods Hill Table, food will be sourced directly from The Farm at Woods Hill, Canty’s Bath, New Hampshire-based farm. Canty hopes to decorate the restaurant, which has yet to be named, with items sourced from the former Anthony’s Pier 4 restaurant, which closed in 2015 and was demolished in 2016 to make way for the condominium building.
The $500 million Pier 4 development, which is expected to open in Fall 2018, will feature two buildings with sweeping views of the Boston skyline and Boston Harbor. The nine-story condominium building will feature 106 residences now on sale and 17,000 square feet of ground-floor retail. A 13-story commercial building will feature 353,000 square feet of office space, anchored by Boston Consulting Group’s new 202,000-square-foot headquarters across the top 7 floors, and 20,000 square feet of retail. Newly revealed renderings of Pier 4, including the condominium building's residences and multiple roof decks, are posted above.
The Pier 4 condominium building’s concrete superstructure is nearing its’ full height, with pouring of the final floor underway. In the coming months, exterior finishes and windows will be installed along the condominium building’s facade. The commercial building is fully glassed in with floor-to-ceiling windows, and interior fit out is now underway. The following is a photograph of Pier 4:
MIT breaks ground on 28-story Kendall Square tower featuring 450 graduate student housing units
MIT broke ground last week on a new 28-story tower in Kendall Square, which upon completion will become Cambridge’s tallest tower, that will contain 450 graduate student housing units. At 28 stories and 319 feet tall, the tower will surpass MIT’s 295-foot-tall Green Building, Cambridge’s current tallest building. MIT received zoning approval last week to construct buildings up to 500 feet tall at the Volpe Center site in Kendall Square.
The 28-story graduate student housing tower is the first building of MIT’s $1.2 billion, 1.7-million-square-foot Kendall Square Initiative development to start construction. Completion of the tower, located at 290-292 Main Street adjacent to the Kendall/MIT MBTA Red Line station, is expected in 2020. The building will also contain maker space, retail, an innovation and entrepreneurship hub and space for MIT’s Admissions Office.
The tower will provide MIT with crucial graduate student housing space, benefitting the university and its’ students as well as the Cambridge community at large. “Placing more graduate students in campus housing relieves pressure on the housing market in Cambridge. That’s good for everyone,” said Cambridge Mayor E. Denise Simmons in a prepared statement.
As part of the approval of MIT’s zoning for the Volpe Center site, MIT has committed to construct 950 new graduate student housing units, including the tower, which will allow the Institute to house more than 50 percent of its current graduate student population on campus. MIT is currently formulating plans to construct a second building with at least 500 units in the coming years, and intends to apply for a discretionary or building permit no later than the end of 2020, MIT will also work to add or apply for a discretionary, alteration or building permit to convert existing campus buildings into 200 additional graduate student housing units before the end of 2020.
Construction complete at new Tufts University Science and Engineering Complex
Tufts University has unveiled its’ state-of-the-art new Science and Engineering Complex (SEC), a 175,000-square-foot facility dedicated to STEM education located on the university’s Medford campus. The SEC features a combination of a 79,000-square-foot new-construction addition and 96,000 square feet of renovated space, containing laboratories, classrooms, support rooms and other core facilities. The SEC is built to LEED Platinum sustainability specifications and is located steps from the future College Avenue station on the MBTA Green Line Extension.
BPDA approves renovation and expansion of Boston University’s Goldman School of Dental Medicine in South End
The Boston Planning & Development Agency (BPDA) approved the renovation and expansion of Boston University’s Goldman School of Dental Medicine (GSDM) in the South End at last Thursday’s board meeting. The existing 7-story, 84,200-square-foot GSDM building will be renovated, and a new 7-story, 41,900-square-foot addition will be constructed, expanding the GSDM’s total floor area to 126,100 square feet. The expanded GSDM will include office, instructional, clinical and student collaborative spaces. Construction of the project is expected to commence in early January 2018, starting with construction of the addition followed by renovation of the existing building. Completion of the project is expected in Spring 2021. The project will require additional approval by the City of Boston’s Zoning Board of Appeals (ZBA) in order to proceed with construction.
Steel frame of Harvard University Science And Engineering Complex in Allston reaches full height
The steel frame of Harvard University’s new $1 billion, 535,000-square-foot Science and Engineering Complex in Allston has reached its' full height of six stories. The western end of the building is nearly fully framed, and framing of the eastern end is now underway. Steel decking has been installed on the bases of nearly all levels on the eastern end; concrete will be poured on the decking in the coming weeks in order to construct floors. The building is expected to top off in the coming weeks.
Opening in Fall 2020, the state-of-the-art, LEED Gold-certifiable Science and Engineering Complex will be the new home of Harvard University's John A. Paulson School of Engineering and Applied Science. The building will feature a wide variety of amenities, including laboratories, classrooms, research space and a 5,000-square-foot Maker Space featuring high-end manufacturing and assembly workstations. The following are photographs of the Harvard University Science And Engineering Complex:
Pier 4 office building nearly glassed in, condominium building superstructure concrete pouring underway
The Seaport District’s 13-story, 373,000-square-foot Pier 4 waterfront office building, which will be anchored by Boston Consulting Group, is nearly fully glassed in, with floor-to-ceiling glass curtain wall panels installed up to the building’s 10th floor. Pouring of concrete floors and fireproofing spraying are both just about complete inside the building. The Pier 4 office building will feature open floor plates with sweeping views of Boston Harbor. Boston Consulting Group has leased 202,000 square feet across the top 7 floors; expected occupancy is in Fall 2018. A total of 353,000 square feet of office space and 20,000 square feet of retail will be located at the Pier 4 office building; space is now available for lease.
Pouring of the concrete superstructure of Pier 4’s nine-story, 106-unit waterfront luxury condominium building is now underway, with the first floor podium and second floor both fully poured. Sales of Pier 4’s condominiums, which range from one to four bedrooms and are the only Seaport residences surrounded by water on three sides, are now underway, in addition to leasing of the building’s 17,000 square feet of ground-floor retail. A condominium sales center has been constructed on the future site of Pier 4’s waterfront park, which will provide the public with sweeping Boston Harbor and Boston skyline views. The following are photographs of Pier 4:
Structural frame construction underway at Harvard University Science And Engineering Complex in Allston
Construction of the six-story steel frame of Harvard University’s new Science and Engineering Complex is well underway and has reached the building’s third floor. The building is expected to top off in the coming months. Opening in Fall 2020, this state-of-the-art, LEED Gold-certifiable new academic building will be the new home of Harvard University's John A. Paulson School of Engineering and Applied Science. The building will feature a wide variety of amenities, including laboratories, classrooms, research space and a 5,000-square-foot Maker Space featuring high-end manufacturing and assembly workstations. The following are photographs of the Harvard University Science And Engineering Complex:
Del Frisco's steakhouse coming to nearly fully leased 888 Boylston in Back Bay
Del Frisco’s Restaurant Group will reportedly open a luxurious new 17,603-square-foot Double Eagle Steak House at the recently completed, nearly fully leased 888 Boylston office and retail development in the Back Bay. The restaurant will open during the second half of 2018 and will join retailers Eataly, Tesla and Under Armour on 888 Boylston’s ground floor. 888 Boylston's 425,000 square feet of ultra-sustainable office and retail space are now 91%-leased per JLL's latest Skyline Review analysis. The building, completed in 2016, is built to LEED Platinum sustainability specifications and is anchored by Natixis Global Asset Management.
New Harvard science and engineering building will contain state-of-the-art maker space
Harvard University’s upcoming $1 billion, 535,000-square-foot Science and Engineering Complex will feature a 5,000-square-foot state-of-the-art Maker Space workshop, providing the Harvard community with a new node to test ideas and incubate enterprises. The space will feature high-end manufacturing and assembly workstations available to Harvard community members of all skill levels, and will be designed to encourage interaction among its’ users. The Maker Space marks Harvard’s latest addition to Allston’s rapidly-developing Western Avenue innovation corridor, following the Pagliuca Harvard Life Lab’s opening last Fall. “Allston has become a hub for innovators and entrepreneurs from across the University, and the new Maker Space will provide yet another outlet for the skill and imagination of the Harvard community,” said Harvard President Drew Faust. “We look forward to seeing the ideas of engineers, designers, artists, and so many other creators realized in the heart of our expanding campus.” “From the day those doors open, the Maker Space facilities will be a catalyst for discoveries and inventions we cannot even imagine today, said Frank Doyle, the John A. Paulson Dean of Harvard’s School of Engineering and Applied Sciences.
The Cihang Foundation, a philanthropic organization founded by tourism, logistics, and financial services mogul HNA Group in 2010 to broaden the company’s commitment to society and social responsibility, is providing support for the new Maker Space. Adam Tan, CEO of HNA Group, sees the Maker Space as a catalyst for creativity. “Incubation space plays a vital role in bringing enterprises to market,” Tan said. “Harvard is already a global leader in research and discovery, and the Maker Space will empower their talented community of students, faculty, and researchers to propel inventions and innovations for the benefit of all. With its gift to the Maker Space, the Cihang Foundation furthers its mission to give back and echoes HNA Group’s core values of innovation, integrity, and excellence in performance.” Construction of the new Science and Engineering Complex’s vertical steel frame is now underway following completion of the building’s foundation. The Science and Engineering Complex will open in Fall 2020. The following is a photograph of the Science and Engineering Complex construction site, courtesy Harvard:
Glass curtain wall installation begins at Pier 4 offices in Seaport District, condominium sales launch
The first glass curtain wall panels have been installed along the lower levels of the recently-topped-off 13-story, 373,000-square-foot Pier 4 office building. The building will feature 353,000 square feet of Class A office space with floor-to-ceiling windows and open floor plates offering sweeping views of Boston Harbor. On the Pier 4 office building’s upper levels, concrete is being poured to construct floors and fireproofing is being sprayed along columns and ceilings. The Pier 4 office building will be anchored by Boston Consulting Group, who will occupy 202,000 square feet across the top 7 floors, with completion expected in Fall 2018. 20,000 square feet of ground-floor retail will be located along the Pier 4 office building’s ground floor.
A nine-story residential building featuring 106 luxurious condominiums with 17,000 square feet of ground-floor retail is also being constructed at the Pier 4 site. Foundation construction for this building is currently underway, and a tower crane has been erected in anticipation of superstructure construction. Condominium sales at Pier 4 have launched and are now underway; available residences range from one to four bedrooms and are the only Seaport residences surrounded by water on three sides. Initial demand for condominiums is reportedly strong. “We’ve been receiving tremendous interest in PIER 4,” said Advisors Living CEO Janice Dumont, who is leading the sales team at PIER 4. “These homes offer an urban oasis; an intimate yet energetic retreat within the Seaport. You can walk to the water’s edge, look back at the skyline and be a part of Boston’s inner harbor.” The following are photographs of Pier 4:
Facade complete at 50 Liberty waterfront luxury condos in Seaport District, interior fit out underway
The 14-story glass-and-marble facade of the 50 Liberty luxury waterfront condominium residences in the Seaport District is complete, with all floor-to-ceiling glass curtain wall panels, marble exterior finish panels and private balconies installed. Interior fit out of 50 Liberty’s 120 luxury residences is now underway in anticipation of the building’s opening in Early 2018; luxury residences at 50 Liberty are now on sale. Finishing of 50 Liberty’s interior common spaces, which include desirable amenities such as a private waterfront club room, a board room for meetings and a private gym, is also underway. On 50 Liberty’s ground floor will be 30,000 square feet of civic, cultural and retail space along a new waterfront boardwalk. The following are photographs of 50 Liberty:
13-story Pier 4 office building in Seaport District tops off
A topping-off ceremony was held this past Wednesday (June 7th, 2017) for the 13-story, 373,000-square-foot Pier 4 office building in the Seaport District. The ceremony marked the completion of construction of the building’s steel structural frame. Concrete pouring to construct the office building’s interior floors and interior fireproofing are both now underway, and facade finish installation has begun at the office building’s base.
The Pier 4 office building will be anchored by Boston Consulting Group, who will occupy 202,000 square feet across the top 7 floors. In total, the building will feature 353,000 square feet of Class A office space with 20,000 square feet of ground-floor retail. A nine-story residential building at Pier 4 featuring 100 luxurious condominiums and 17,000 square feet of ground-floor retail is also under construction facing Boston Harbor. The following are photographs from the Pier 4 topping-off ceremony, courtesy Elkus Manfredi Architects:
Boston University completes new Center for Integrated Life Sciences & Engineering
Work is now complete at Boston University (BU)’s new $150 million Center for Integrated Life Sciences and Engineering (CILSE), and the brand-new 173,750-square-foot building is ready to host classes and breakthrough research projects. The nine-story, state-of-the-art CILSE features lab spaces, meeting rooms and common areas for BU’s students, researchers and professors, aiming to sustain collaborative, interdisciplinary research. The new building features a distinctive facade comprised of glass unitized curtain wall and glass fiber reinforced concrete fins, giving the building a striking, transparent, 21st-century presence along Commonwealth Avenue while integrating with BU’s surrounding existing limestone buildings. The following are photographs of the CILSE at BU:
Boston University proposes renovation and expansion for Goldman School of Dental Medicine in South End
Boston University proposes to renovate its' existing Goldman School of Dental Medicine in the South End and construct a new 41,900-square-foot addition, expanding the building's total area to 126,100 square feet. The university has filed plans for the project with the Boston Planning & Development Agency (BPDA), who is now reviewing the proposal.
100 Federal Street atrium frame construction underway
Steel erection is well underway for the 17,990-square-foot glass-encased atrium addition to the 100 Federal Street office tower in Post Office Square. The addition will soon top off, with primary steel framing elements installed in addition to many secondary steel elements and mechanical platforms. Once steel erection is complete, glazing installation will begin in order to construct the building's glass curtain wall facade overlooking Post Office Square. Upon completion, the new 100 Federal Street atrium will house 8,500 square feet of retail space and 500 square feet of kiosk space, in addition to 8,990 square feet of open garden space. The following are photographs of the 100 Federal Street atrium:
888 Boylston, a leader in sustainable building, opens in Back Bay
888 Boylston, an ultra-sustainable, LEED Platinum-spec new 425,000 square foot office building in the Back Bay, is now complete. Retail tenants Eataly, Tesla and Under Armour are open on the building’s ground floors. Office tenants Abry Partners and Bracebridge Capital have moved into 888 Boylston’s upper floors, and Accenture, Martingale Asset Management, SCS Financial and lead tenant Natixis Global Asset Management will open offices at 888 Boylston in the coming months. The following are photographs of 888 Boylston:
Bluebird Bio moves into newly built headquarters at 50/60 Binney in Kendall Square
50/60 Binney, a new 541,000 square foot Class A lab and office building in Kendall Square, has been fully constructed, with anchor tenant Bluebird Bio’s 253,000 square foot headquarters now open. Bluebird has completed a state-of-the-art tenant fit out featuring top-tier finishes, lab equipment and amenities. Bluebird is paying $72.50 per square foot, or $18.4 million, per year in rent, with a scheduled annual rent increase of 1.75% in addition to operating expenses and taxes. Genzyme Corporation, a 50/60 Binney anchor tenant who has leased 251,000 square feet for a new headquarters, will commence occupancy in 2018 following the expiration of the company’s existing lease of its' current headquarters at nearby 500 Kendall Square. The following are photographs of 50/60 Binney:
Curtain wall installed at MIT.nano, interior fit out underway
Interior fit out of MIT.nano, MIT's new state-of-the-art nanotechnology, materials science and engineering systems research center, is now underway. Exterior finishing of MIT.nano’s four-story facade is just about complete, with metal and glass curtain wall panels nearly fully installed. Opening in 2018, MIT.nano will feature 200,000 square feet of space including nanoscale imaging facilities, clean rooms, makerspaces, teaching labs and classrooms. The following are photographs of MIT.nano:
Anonymous investor acquires 45% stake in Vertex Pharmaceuticals’ Seaport District campus for $261 million
An anonymous financial investor has paid $261 million to acquire a 45% equity stake in Vertex Pharmaceuticals’ 1.1 million square foot, two-building Seaport District global headquarters campus. Senior Housing Properties Trust (SNH), who acquired the campus for $1.1 billion in May 2014, retains a 55% majority stake in the campus and will continue to manage the property. The anonymous investor’s $261 million investment is based on the campus’ present valuation of $1.2 billion, with under $620 million of existing secured debt on the property.
SNH closed last July on a new 10-year, $620 million mortgage on the campus provided by Morgan Stanley and Citi Bank with a fixed interest rate of 3.53%; the loan will mature in August 2026. “This transaction highlights the increased value of these two well-located, well-leased buildings since we acquired them less than three years ago,” said SNH President & COO David Hegarty in a statement. “This transaction also reduces our investment portfolio’s concentration in this property and reduces our overall leverage.”
Pier 4 office building steel superstructure rising
The steel frame of the 13-story, 373,000 square foot Pier 4 office building in the Seaport District has reached four stories high, with the building’s elevator core topped off. Two full stories of the frame have been erected. The Pier 4 office building will be anchored by Boston Consulting Group, who will occupy 202,000 square feet across the top 7 floors, and will feature 353,000 square feet of Class A office space with 20,000 square feet of ground-floor retail. A nine-story residential building at Pier 4 with 100 luxurious condominiums and 17,000 square feet of ground-floor retail is also under construction facing Boston Harbor. The following are photographs of the Pier 4 site:
100 Northern Avenue Class A office building in Seaport District trades for $447 million
RREEF Property Trust, a division of Deutsche Bank of Germany, has acquired the recently opened, 515,000 square foot 100 Northern Avenue Class A office building in the Seaport District from developer The Fallon Company for $447 million. The sale amounts to about $868 per square foot. 100 Northern Avenue was developed for $300 million and opened in July 2016. The building is 75% occupied by lead tenant Goodwin LLP, with Sorelle Bakery & Cafe now open on 100 Northern Avenue's ground floor.
Transformative MIT development aims to create an active, walkable Kendall Square
By Matthew M. Robare
View of the development along the Cambridge skyline
Featuring six new buildings totaling nearly 1.7 million square feet and pegged at $1.2 billion, MIT’s Kendall Square Initiative development is transforming Kendall Square with a pedestrian streetscape, state-of-the-art office space and an increased residential presence. Formerly dormant blocks and surface parking lots will be revitalized with new retail and public spaces topped off with offices and residences that will activate the area 24/7. The development’s SoMa (South of Main Street) phase began construction last fall, and the NoMa (North of Main Street) phase is moving through design review.
A map showing the Kendall Square Initiative buildings within the neighborhood
Updated plans for the NoMa phase were recently revealed. NoMa will construct Building One, a 290 to 300-unit apartment building, as well as 33,915 square feet of new retail and 15,995 square feet of new office space strategically positioned along Broadway and Broad Canal Way. As part of NoMa, the existing One Broadway office building will be improved with additional office and retail space as well as facade renovations and a new office tenant outdoor terrace. Building One will be located adjacent to the existing One Broadway building, replacing an existing surface parking lot, and will provide additional retail frontage along both streets. Building One will be 24 stories tall and will contain approximately 384,050 square feet. At least 53 apartments at Building One will be affordable under Cambridge’s inclusionary zoning ordinance.
Building One from Main Street, looking west
Building One will replace the existing 144-space surface parking lot with 150 garage parking spaces and over 350 bicycle storage spaces. The development team hopes to activate the Broadway frontage with a grocery store; the new retail along Broad Canal Way will complement the existing ground-floor retail along that street located in the Watermark Kendall development.
A view of Broad Canal Way activated through ground floor retail on both sides, with NoMa at right and Watermark Kendall at left
The SoMa phase, Buildings Two through Six, will build five new buildings while preserving three historic buildings on Main Street. Building Two will feature 300,000 square feet of office space and 18,000 square feet of retail at the corner of Main Street and Wadsworth Street. Building Two will replace MIT’s existing Eastgate graduate student housing building.
View of Building Two along Main Street
Building Three will contain approximately 280,000 square feet of research and laboratory space and will be built on the existing Hayward Street surface parking lot. Approximately 27,000 square feet of retail will be located at Building Three’s base.
View of Building Three along Wadsworth Street
Building Four will feature academic housing, with as many as 450 units for graduate students, as well as a 9,000 square foot childcare center and 28,000 square feet of retail.
View of Building Four from Main Street
Building Five will feature 360,000 square feet of office space, 20,000 square feet of retail and a new 65,000 square foot home for the MIT Museum. Building Five will replace the existing Kendall Square Lot and a one-story commercial building. Lastly, Building Six will be a two-story commercial building with 6,600 square feet of retail space.
View of Building Five from Courtyard
About 1,400 parking spaces will be built as part of SoMa, and two new Hubway stations are planned for the full development. A new head house for the Kendall Square MBTA Red Line station may be built. Other pedestrian-oriented improvements are in the works, such as raised crosswalks on Wadsworth Street, multiple new green spaces and the closure of Hayward Street to through traffic, creating a new retail and public space-lined pedestrian mall. The development of retail along the south side of Main Street and side streets will contribute to pedestrian use and make the MIT campus more connected to Kendall Square’s multiple public transit options.
Finishing touches underway at BU's Center for Integrated Life Sciences & Engineering
Interior fit-out is nearing completion at Boston University (BU)’s new Center for Integrated Life Sciences and Engineering (CILSE), which will open this spring. Both the CILSE's glass curtain wall and exterior finish panels are fully installed. The CILSE will provide the BU community with a state-of-the-art research facility featuring shared, flexible lab spaces epitomizing 21st century collaborative workspace design. The following are photographs of the BU CILSE:
Facade nearing completion at 50 Liberty luxury condominiums in Seaport District
Marble exterior finish panels and floor-to-ceiling windows have been installed along a large section of 50 Liberty's 14-story facade, ranging from 6 stories high facing Boston Harbor to 8 stories high along Liberty Drive. Opening in Fall 2017, 50 Liberty will feature 120 luxurious waterfront condominium residences with 30,000 square feet of civic, cultural and retail space. The following are photographs of 50 Liberty:
Full completion nearing at 50/60 Binney Class A offices in Kendall Square
Façade installation along the entire building perimeter at 50/60 Binney is complete, and interior fit-out work is wrapping up in preparation for Genzyme Corporation and Bluebird Bio to move in. Full completion of 50/60 Binney is expected within the first half of this year. The 10-story building features 541,000 rentable square feet (RSF) of Class A lab and office. The following are photographs of 50/60 Binney:
MIT starts work on Kendall Square Initiative mixed-use development
Demolition is underway at the “SoMa” (South of Main Street) section of MIT’s six-building Kendall Square Initiative development in the heart of Kendall Square. Existing low-rise buildings are being cleared, and site work has begun to make way for MIT’s mixed-use expansion, which will include educational, office, residential and retail uses. In total, the Kendall Square Initiative will construct nearly 1.7 million square feet of new building space. The following are photographs of work underway on the MIT Kendall Square Initiative:
50 Liberty waterfront condominium exterior finish installation underway
Marble exterior finish panels and floor-to-ceiling windows are now being installed along the first floors of the Seaport District's new 14-story 50 Liberty waterfront luxury condominium and retail building. The building's mechanical penthouse has been constructed and now houses HVAC units. Concrete has been poured to construct 50 Liberty's interior floors. Opening in Fall 2017, 50 Liberty will feature 120 luxurious waterfront condominium residences with 30,000 square feet of civic, cultural and retail space. The following are photographs of 50 Liberty:
The elevator core of the 13-story, 373,000 square foot Pier 4 office building
has reached nine full stories in height and will top off imminently. Steel construction has begun at the office building's base and is pushing upwards towards the building's full height of 13 stories. Preparations are also underway to construct the foundation of the future nine-story, 100-residence Pier 4 condominium building facing the Atlantic Ocean. The following are photographs of Pier 4:
Facade complete at new Boston University life sciences and engineering building, opening Spring 2017
Glass and exterior finishes have been fully installed at Boston University (BU)'s new Center for Integrated Life Sciences and Engineering (CILSE), opening Spring 2017 near Kenmore Square. Interior fit out is now underway to prepare the CILSE's classrooms, lab spaces, meeting rooms and other common areas for the start of the spring academic term. The following are photographs of BU's CILSE:
50 Liberty condos hit market, new details and renderings revealed
The Fallon Company has listed several waterfront luxury condominiums at 50 Liberty in the Seaport District for sale. Condominiums listed range from a 1,297 square foot one-bedroom/two-bathroom unit with one garage parking space offered for $1,848,995 to a 3,573 square foot three-bedroom/three-bathroom penthouse unit with two garage parking spaces offered for $9,100,225. The latest details and renderings of 50 Liberty can be found above.
J. Derenzo Companies prepares 100 Federal plaza for new glass atrium
J. Derenzo Companies is at work demolishing the former 100 Federal plaza along Congress Street in Post Office Square to prepare for construction of a glass atrium with retail and a winter garden. Plaza hardscaping has been nearly fully demolished, and construction of the atrium will commence soon. The atrium is anticipated to open in early 2018. The following is a photograph of the atrium construction site:
50/60 Binney facade installed, interior tenant fit out underway
50/60 Binney’s distinctive façade has been fully installed. Interior fit out is now underway for tenants of the Kendall Square Class A lab and office building as its’ opening in the first half of 2017 nears. 50/60 Binney tenants will include Genzyme Corporation, who will occupy 251,000 square feet, and Bluebird Bio, who will occupy 253,000 square feet. The 50/60 Binney construction team is also performing exterior finishing touches along ground floor retail spaces. A stacked three-stone granite sculpture has been installed along Binney Street. The following are photographs of 50/60 Binney:
A topping-off ceremony was held Tuesday (November 29th, 2016) afternoon for 50 Liberty, a new 14-story mixed-use building opening Fall 2017 on the Seaport District waterfront. During the ceremony, the final steel beam of 50 Liberty’s structural frame was lifted to the frame’s top and installed in place. Work is now underway on exterior and interior finishing of 50 Liberty. Concrete floor slabs have been poured on over half of 50 Liberty’s floors. The following are photographs from 50 Liberty's topping-off:
MIT reveals renderings of Kendall Square graduate student housing tower
Massachusetts Institute of Technology (MIT) has revealed renderings of a proposed 28-story graduate student housing, office and retail tower that would be constructed in the heart of Kendall Square next to the Kendall/MIT MBTA Red Line rapid transit station. The tower is part of MIT’s Kendall Square Initiative, which will construct six new buildings in Kendall Square with a total of 888,000 square feet of office space, 115,000 square feet of retail, 450 graduate student housing units, 290 housing units and over 1.8 acres of open space.
Law firm Goodwin has installed a new sign at the summit of its’ newly opened headquarters at 100 Northern Avenue in the Seaport District. The sign is a fixture of the Boston skyline prominently visible from Boston Harbor. The newly built 17-story 100 Northern Avenue opened this past summer and features Class A office space with sweeping views of Boston Harbor and the Boston skyline. Goodwin Procter occupies 75% of the building. A Sorelle cafe will soon open on 100 Northern Avenue’s ground floor. The following is a photograph of the new Goodwin sign at 100 Northern Avenue:
50 Liberty, a 120-unit luxury condominium building located in the Seaport District overlooking Boston Harbor, is about to top off at 14 stories tall. Concrete has been poured on about half of of the building’s floors. At 50 Liberty’s base, finish installation systems are being installed in order to commence installation of exterior finish panels and windows. Pre-sales of 50 Liberty luxury condominiums will commence shortly. The following are photographs of 50 Liberty:
A tower crane has been installed at Pier 4, signaling the impending start of superstructure construction for the 13-story, 373,000 square foot Pier 4 office building. Construction of the building's concrete elevator core will commence imminently, followed by the building's steel frame. Vertical metal formwork has been installed alongside the crane to frame concrete pouring to construct the elevator core. Excavation of the Pier 4 office building's foundation is complete. The following are photographs of the Pier 4 site:
Pier 4 office building foundation excavated, concrete pouring underway
The foundation of the Pier 4 office building has been excavated, making way for a future two-level underground parking garage. A horizontal foundation support system has been installed to support the foundation throughout construction. Metal formwork is being installed at the foundation's base in preparation for concrete pouring. The 13-story Pier 4 office building will contain 353,000 square feet of office space with 20,000 square feet of ground-floor retail. The following is a photograph of the Pier 4 office building foundation:
50 Liberty’s 14-story steel structural frame has reached nine stories in height. Balconies for future condominiums have been installed along 50 Liberty’s facade. Concrete pouring is underway on 50 Liberty’s first and second stories. A construction elevator is being assembled along 50 Liberty’s frame; the elevator will be used to transport materials and finishes throughout construction. 50 Liberty will feature 120 luxurious waterfront residential condominiums with sweeping views of Boston Harbor and the Boston skyline. The following are photographs of 50 Liberty:
100 Northern Avenue listed for sale, could fetch $515 million
100 Northern Avenue, a 17-story, 515,000 square foot Seaport District office building open since last summer, has been listed for sale through HFF. 100 Northern Avenue is expected to draw bids of about $515 million, or $1,000 per square foot, according to a Real Estate Alert report. 100 Northern Avenue cost $300 million to develop and is 75% occupied by law firm Goodwin Procter.
Tishman Speyer has released a new Pier 4 video showing the latest renderings of the future office and condominium buildings. A 13-story office building containing 353,000 square feet of office space and 20,000 square feet of ground-floor retail and a nine-story residential building containing 100 luxurious condominiums and 17,000 square feet of ground-floor retail are under construction at Pier 4. Premier management consulting firm Boston Consulting Group (BCG) will be the office building's anchor tenant, occupying 202,000 square feet across seven floors. Visit Pier4Boston.com for information about buying and leasing space at Pier 4. Additional information about and renderings of Pier 4 can be found above. The following is the new Pier 4 video:
BU’s Center for Integrated Life Sciences & Engineering nears spring semester opening
The glass facade of Boston University (BU)’s new Center for Integrated Life Sciences & Engineering (CILSE) is fully installed, and interior and exterior finish installation is well underway in preparation for the building’s opening in time for the spring 2017 semester. Located in a prominent position along Commonwealth Avenue along the MBTA Green Line, steps to Kenmore Square, the facade is a sight to behold with a distinctive mix of award-winning fibreC glass fiber reinforced concrete panels and blue-toned glass:
Sweeping views await at the CILSE’s roof, with unobstructed views of the Charles River Esplanade, Fenway Park, Kendall Square and the Downtown Boston skyline:
Electrical and mechanical utilities are just about fully installed at the CILSE. Albert J. Welch Corporation is at work excavating a trench for installation of a drain pipe for plumbing as well as electrical conduit cables to power the building:
A number of interior spaces at the CILSE are nearly finished, with a layer of plaster painted above USG Sheetrock wallboard panels. Underneath the wallboard panels is moisture and mold-resistant sheathing, which is installed along metal wall framing. Doorframes and glass have been installed at the entrances to a number of classrooms, and doors have been installed at elevator entrances. Electrical wiring and drainage pipes are installed throughout interior spaces.
Along the CILSE’s facade, the last remaining fibreC panels are being installed above fireproofing and moisture-resistant cladding.
The Boston Business Journal reports that electric car manufacturer Tesla Motors will open a new showroom on the ground floor of 888 Boylston. Tesla will reportedly relocate to 888 Boylston by the end of this year from its' existing Prudential Center showroom. 888 Boylston, a 17-story, 425,000 square foot office tower containing 365,000 square feet of office space and 60,000 square feet of retail, is approximately 80% pre-leased according to The Boston Globe. Committed office tenants include Natixis Global Asset Mangement, who will occupy approximately 128,000 square feet across five floors, as well as SSC Financial, private equity investment firm Abry Partners and hedge fund manager Bracebridge Capital according to an Office Insight Report by JLL. Under Armour will open a retail location on 888 Boylston's ground floor according to a Boston Herald report.
MIT.nano topped off, concrete floor pouring and sheathing installation underway
MIT.nano’s structural steel frame is topped off at four stories tall, and pouring of concrete floors has commenced on all four stories of the new 200,000 square foot state-of-the-art STEM research facility. Designed by Wilson Architects and built by Turner Construction Company, MIT.nano will contain nanotechnology, materials science and engineering systems research space designed to encourage innovation and collaboration. The building will host and support 2,000 MIT researchers and provide the latest cutting-edge tools and systems. Expected completion of MIT.nano is in 2018. The following is a link to MIT’s MIT.nano website with more information about the project.
Orange vertical nets have been installed along MIT.nano’s steel frame to contain debris from blowing to street level during concrete pouring. GP DensGlass sheathing (yellow) is being used to provide a moisture and mold resistant barrier around the building’s exterior, and USG Securock sheathing (green) is being used inside the building to provide a moisture and mold resistant barrier around rooms and passageways. Roughing in of mechanical and electrical systems has begun within interior spaces; a ventilation system has been installed through all four floors. Renderings of MIT.nano and additional information are posted below; the following are photographs of work underway at MIT.nano:
North face of MIT.nano; note orange vertical nets for concrete pouring
North face of MIT.nano
Looking east from behind the Barker Engineering Library
View of upper levels; note orange vertical nets
View from inside MIT Department of Physics; note GP DensGlass Sheathing (yellow)
View from inside MIT Department of Physics; note USG Securock sheathing (green) and steel forms along floors for concrete pouring
50 & 60 Binney’s glass facade along Binney Street, Edwin H. Land Boulevard and Second Street is nearly complete. Almost all glass panels have been installed along with metal panels. The brick facade along Linskey Way is nearly complete as well. Glass is now being installed along 50 & 60 Binney’s ground-floor retail spaces. Located in Cambridge's Kendall Square, 50 & 60 Binney, topped off since September 2015, will be a 10-story Class A lab and office building with a total of approximately 541,000 rentable square feet (RSF) including approximately 8,000 square feet of ground-floor retail. Tenants at 50 & 60 Binney will include Genzyme Corporation and Bluebird Bio, both of whom will relocate their headquarters to the building. Genzyme Corporation will occupy 251,000 square feet, and Blueburd Bio will occupy 253,000 square feet. The following are photographs of 50 & 60 Binney's facade:
View from the corner of First Street (left) and Binney Street (right)
View from Edwin H. Land Boulevard along Binney Street (right)
View from Edwin H Land Boulevard along Linskey Way (left)
View at Binney Street (left) and Second Street (right)
View at Second Street (left) and Linskey Way (right)
View from Linskey Way
View along Binney Street from Second Street
View along Binney Street
HVAC units are installed on 50 & 60 Binney’s roof, and roughing in of interior mechanical and electrical utility systems has begun. Work will soon commence on interior finishes in anticipation of 50 & 60 Binney’s opening in the first half of 2017. The following are photographs of utility installation underway at 50 & 60 Binney:
View of HVAC units along 50 & 60 Binney roofline facing Second Street
HVAC and electrical system under construction
View along Linskey Way
View along Binney Street from Second Street
50 & 60 Binney's workspaces will feature sweeping views of the Boston and Cambridge skylines. The following is a view from 50 & 60 Binney's top floor, courtesy Concrete Sensors:
Demolition of the original Anthony’s Pier Four restaurant building commenced Tuesday. A new waterfront park will be constructed at the building’s former location. The following are photographs of the demolition taken Thursday:
The following are photographs of the demolition taken Tuesday:
The slurry wall foundation for the two new Pier Four buildings is currently being excavated:
Reinforcement cages are being lowered into the excavated slurry wall trenches. Concrete will soon be poured into the reinforcement cages to complete the slurry wall foundation:
New Pier Four renderings, Anthony's restaurant demolition next week
The Boston Herald reports new renderings have been released for the under-construction Pier Four project in Boston's Seaport District. The project will consist of a 13-story office building (Phase Two) and a 100-unit, nine-story luxury condominium building (Phase Three). The following are the latest renderings:
The Boston Herald also reports that the existing Anthony's Pier Four restaurant building on site will be demolished next week. A waterfront park and plaza will be built at the restaurant's current location.
More information about the Pier Four project is posted below.
The tower crane is down at 888 Boylston Street as the building nears completion. The building's glass facade, a distinguishing feature along Boylston Street, is nearly complete. 888 Boylston Street is prominently visible from Commonwealth Avenue Mall and other Back Bay landmarks. Work is moving forward on the building's interior targeting a summer 2016 completion date. The new entrance to the Prudential Center shopping mall, built as part of the 888 Boylston Street project, is now open to the public.
Slurry wall foundation construction is beginning at Pier Four Phases Two and Three. Preparation for demolition of the former Anthony's Pier Four building on the Pier Four Phases Two and Three site has also begun.
Excavation of the Phase Two office building's foundation and construction of the building's slurry wall is expected to take approximately eight months. Afterwards, the office building's mat foundation will be poured, a process that will last under a month.
Construction of 50 Liberty's slurry wall foundation is nearly complete. Final excavations are taking place, and concrete for the mat foundation is beginning to be poured. We are excited to watch 50 Liberty's frame begin to rise! New photographs of 50 Liberty are posted above.
Installation of glass and finishes is starting at Boston University's Center for Integrated Life Sciences & Engineering (CILSE). The nine-story CILSE topped off on January 12th, 2016. The CILSE will expand Boston University's space dedicated to science and engineering research, facilitating 21st century innovation. Expected completion of the CILSE is in spring 2017.
Twenty-Two Liberty is complete and occupied. The result is a striking, beautiful waterfront building situated at the gateway to Boston. Take a look at our new photographs of Twenty-Two Liberty, posted above. Also check out 50 Liberty, The Fallon Company's next waterfront condominium tower. 50 Liberty is currently under construction and is located next door to Twenty-Two Liberty.
With pile driving completed, foundation work is moving forward at 50 Liberty in Boston's Seaport District! A. A. Will Corporation is hard at work digging 50 Liberty's future foundation and underground parking structure. We can't wait to watch the impending concrete pour!
January 15, 2016
Pile driving is complete at 50 Liberty, and excavation of the building's slurry wall foundation is beginning.
Initial site work has begun at Pier Four Phases Two and Three in Boston's Seaport District! The construction team is getting ready to break ground on a 373,000 square foot office building (Phase Two) and 100 luxurious waterfront condominiums (Phase Three). A. A. Will Corporation is performing initial earthwork in preparation for foundation construction. Electric contractor John A. Penney Company is installing an electrical system that will be used to power the busy construction site. Turner Construction Company is Pier Four Phases Two and Three's construction manager. Expected completion of Phase Two is in 2017, with Phase Three following in 2018.
Below is a video showing work taking place at Pier Four Phases Two and Three in Boston's Seaport District:
We stopped by 50 & 60 Binney in rapidly-developing Kendall Square. Topped off since September, 50 & 60 Binney's frame is being prepared for installation of exterior finishes. 50 & 60 Binney's facade will consist of glass, metal panels and bricks.
View along Binney Street
View at First Street (left) and Binney Street (right)
View at First Street (left) and Binney Street (right)
The topping-off ceremony for 50 & 60 Binney was held today! The following is a link to a video of the ceremony. 50 & 60 Binney will be a 10-story, 541,000 rentable square foot (RSF) lab and office building.
Jul 5, 2015
50 & 60 Binney steel frame rising
50 & 60 Binney's steel frame has risen six stories and will soon top off! 50 & 60 Binney will be a total of 10 stories tall.
View along Binney Street (left) and Second Street (right)
Hanjin International Chief and second generation shipping mogul Yang-ho Cho has decided to continue to develop his relationship with the Los Angeles community by developing the tallest building in the city region. The Wilshire Grand Replacement will stand 110 stories tall and offer luxury condominiums for the elite and affluent global population. Off the back of a strike that froze the LA port for 6 months - Mr Cho is enthusiastic about the development of this project as well as the future economic prospects of the USA.
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