Vidaris, Inc. is a consulting firm specializing in building envelope, sustainability, energy efficiency and code advisory. The company was created by combining the legacy firms of Israel Berger and Associates, LLC (IBA) and Viridian Energy & Environmental, LLC.
Formed in 1994, IBA established an exterior wall consulting practice providing niche services to real estate owners, owner representatives and architects. Services were provided for new construction as well as investigation, repositioning, repair, and restoration of existing buildings. Later expansion included roofing as well as waterproofing consulting, encompassing the entire building envelope. IBA developed into an industry-leading resource.
Viridian Energy & Environmental was established in 2006, providing consulting services to assist building owners and managers in energy efficiency, sustainability and LEED certifications. Energy modeling expertise set Viridian apart from other consultants offering more standardized service and support.
In 2011, IBA and Viridian Energy & Environmental merged their specialized service offerings to form Vidaris. As building envelope designs and mechanical systems were becoming more complex, the two companies recognized that it was an opportunity, more so a necessity, for them to be able to provide a holistic approach to these closely related disciplines for their clients. Deep technical knowledge, a long proven track record, reputation, and a sophisticated analytical approach would allow Vidaris to provide a level of service second to none.
Today, Vidaris’ experienced professional staff, made up of architects and engineers, provides an integrated, holistic approach to building challenges by delivering expert advice across multiple service offerings. Vidaris continues to work collaboratively with design teams (architects, engineers, other specialty consultants, manufacturers and contractors), assisting them throughout the design, construction, and post-occupancy of new and existing building projects.
Vidaris utilizes the latest technology, modeling software, and design trends together with their in-depth and up-to-date knowledge of energy and building codes to assist its clients in constructing or maintaining a quality building. Vidaris’ professionals continue to serve as representatives on regulatory boards and code committees, thereby being at the helm of the industry when it comes to energy and building code compliance.
As building designers and system vendors continue to develop new and more sophisticated designs, surpassing present conventional practice, Vidaris’ advisory impact will prove to be even more critical.
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.”
New York City (December 7, 2017). Vidaris, a leading architectural consultancy for building envelope, energy efficiency, specialty engineering, code and construction, announced today that it has acquired CBI Consulting, Inc. (CBI), a 33-year-old architecture, interiors and engineering firm. The partnership will significantly broaden both practices and solidify Vidaris’ leadership in the Boston market where CBI is headquartered.
CBI has more than 30 employees providing services to clients in the corporate, government, institutional, higher education, housing and real estate development markets. CBI will conduct business as CBI Consulting LLC, a Vidaris Company.
“Some of the world’s best consultancy companies are part of the Vidaris practice,” said Marc Weissbach, Vidaris’ Chief Executive Officer. “CBI’s decision to partner with us immediately expands the services they provide their clients and provides exciting professional development opportunities for its employees. At the same time it strengthens Vidaris’ presence in New England. CBI has earned a stellar reputation with its clients and we know that they share our commitment to excellence in all aspects of their practice. Their project portfolio complements Vidaris’ existing architectural and building engineering practices, and brings to Vidaris a distinguished portfolio of historic preservation, restoration and adaptive reuse projects. The partnership will be transformative for both companies, and will create a firm with expanded reach, enhanced capabilities, and terrific value for our clients. We welcome CBI to our team.”
“The joining of CBI and Vidaris unites two market leaders and allows CBI to bring even greater resources as well as a broader range of services to our clients and the market,” said Michael Teller, a CBI Consulting Principal. “CBI is now an important part of a larger organization that has a global architectural presence and is one of the world’s top consultancy firms. This is a tremendous opportunity for our staff and our clients.”
About CBI Consulting
CBI Consulting is a leading New England architectural design and structural engineering firm with a well-deserved reputation for meeting the architectural and engineering needs of its clients. With over 33 years of customer service throughout the nation, CBI has earned the loyalty and respect of its clients, both large and small. Attention to detail, commitment to client needs, and focused problem-solving are the cornerstones of the practice. CBI provides a full-service approach to architectural design and structural engineering for building renovation and historical restoration of existing structures as well as new buildings.
Vidaris, together with its affiliate, LPI, Inc., help real estate owners, architects, institutions and other stakeholders realize their goals and objectives in the areas of building envelope, energy efficiency, construction, code and engineering. The group employs over 280 professionals in eight offices. In Massachusetts, professional services are provided through “CBI Consulting LLC.”
W. L. French begins site work at 249 Third Street, upcoming 84-unit apartment building in Kendall Square
W. L. French Excavating Corporation has begun soil remediation at 249 Third Street in Cambridge’s Kendall Square, the future site of an 84-unit apartment building. W. L. French’s scope of work at 249 Third Street includes an extensive health and safety plan that requires workers to wear Level C personal protective equipment (PPE), installation of steel sheet piles for support of excavation (SOE), drilled deep wells for construction dewatering, extensive groundwater treatment and, ultimately, excavation and disposal of 6,000 tons of Toxic Substances Control Act (TSCA) waste and 15,000 tons of Non-TSCA waste. W. L. French will continue work at 249 Third Street into the 1st quarter of 2018. Upon completion, 249 Third Street will feature 84 apartment residences ranging from studios to three-bedrooms and 1,540 square feet of ground-floor retail located in the heart of Kendall Square, the United States’ hottest life sciences market, steps from the Massachusetts Institute of Technology (MIT). The following are photographs of 249 Third Street:
Leading cybersecurity and IT operations analytics solution provider Rapid7 has announced it will relocate its global headquarters from 100 Summer Street in the Financial District to the first phase of the 1.87-million-square-foot Hub on Causeway mixed-use development in Bulfinch Triangle. Rapid7 will occupy 147,000 square feet at The Hub on Causeway, also relocating its’ Cambridge team at 1 Main Street. Rapid7 expects to move to The Hub on Causeway in the second half of 2019, following the first phase’s completion in late 2018. Rapid7 will be the first phase’s anchor tenant; a total of 175,000 square feet of creative office space will be built as part of the first phase, in addition to 210,000 square feet of multi-level retail/restaurant space and 64,000 square feet of TD Garden expansion space. Future phases of The Hub on Causeway call for a 38-story residential tower with approximately 440 units, a 10-story citizenM hotel tower with approximately 260 rooms and a 21-story office tower totaling approximately 525,000 square feet.
Rapid7 is the latest addition to the Bulfinch Triangle neighborhood’s growing technology presence. “We believe that The Hub will allow us to capitalize on the momentum we’ve built as a leading global technology company and expect to see increased productivity through the joining of our Boston-area offices,” said Corey Thomas, president and CEO of Rapid7, in a prepared statement. “We believe The Hub will offer us the room we need to grow and help spur a new innovation center in Boston amid the escalating costs of the Seaport and Cambridge. For us, the decision to move our headquarters is about creating a phenomenal work experience for our Boston-area employees while continuing to invest in the Boston community and the exceptional talent pool it develops.” Rapid7 employs over 1,000 people globally, with nearly 500 Boston-area employees.
A topping-off ceremony was held today for the seven-story steel jewel box addition atop Congress Square’s office component, which will be anchored by the joint headquarters of advertising agencies DigitasLBi and Publicis.Sapient. Overlooking Post Office Square and Downtown Boston, the addition will contain office space as well as amenities including an exterior green roof deck. The resulting office structure, developed by Related Beal, will feature 284,600 square feet of space, including the two advertising agencies’ 200,000-square-foot headquarters.
Congress Square’s hotel component is also well underway, with vertical concrete construction beginning on the 13-story addition alongside the existing building at 68 Devonshire Street. The resulting 85,700-square-foot Hyatt Centric boutique hotel, developed by Magna Hospitality Group, will feature 165 keys, in addition to ground-floor retail/restaurant space.
In total, Congress Square will feature 458,300 square feet of space. Owner Thibeault Development has listed the development’s approved residential component, located at 13-21 Congress Street, for sale. The existing buildings, which are vacant and in shell condition, are fully permitted for conversion to 35 condominium residences with ground-floor retail, including vertical expansion by 7,000 square feet to 61,450 total square feet. A total of 36,650 square feet of retail space will be constructed at Congress Square along Quaker Lane, a pedestrian-friendly arcade that will be located at Congress Square’s center. The office building and hotel, both of which will contain ground-floor retail, are slated for completion in the second quarter of 2018. The following are photographs of the topped-off office building:
The following are photographs of the under-construction hotel building:
Congress Square residential component offered for sale
Thibeault Development, owner of the approved residential component of the 458,300-square-foot Congress Square mixed-use development in Post Office Square, has listed the existing buildings approved for residential conversion for sale through Colliers International. Thibeault Development acquired the two existing buildings at 13-21 Congress Street, which are currently vacant and in shell condition and total 54,450 square feet, for $14.55 million in August 2016. The buildings are fully permitted for conversion to 35 condominium residences with ground-floor retail, including vertical expansion by 7,000 square feet to 61,450 total square feet. Colliers’ listing touts the buildings’ potential for office use in addition to residential.
Upon completion as approved, Congress Square will feature 458,300 square feet of space, including a 284,600-square-foot office building developed by Related Beal that will be anchored by the 200,000-square-foot joint headquarters of advertising agencies DigitasLBi and Publicis.Sapient, a 165-key, 85,700-square-foot Hyatt Centric boutique hotel developed by Magna Hospitality Group, 51,350 square feet of residential space containing 35 condominiums and 36,650 total square feet of retail space. Retail will be oriented about Quaker Lane, a pedestrian-friendly arcade that will be located at Congress Square’s center. The office building and hotel, both of which will contain ground-floor retail, are slated for completion in the second quarter of 2018. Congress Square was originally proposed by Related Beal, who acquired the property in 2013. Following the project’s approval in 2015, Related Beal sold the hotel component to Magna and the residential component to Thibeault.
Steel vertical addition rising at Congress Square office building in Post Office Square
The first two floors of the seven-story steel jewel box addition atop Congress Square’s future office building have been erected, with construction of the building’s concrete elevator core complete. In addition to office space, the addition will contain amenities including an exterior green roof deck overlooking Post Office Square and Downtown Boston. Congress Square’s 284,600-square-foot office component, developed by Related Beal, will be anchored by the 200,000-square-foot joint headquarters of advertising agencies DigitasLBi and Publicis.Sapient, with additional office space and ground-floor retail space now leasing.
In total, Congress Square will feature 458,300 square feet of space, including a 85,700 square foot Hyatt Centric boutique hotel, whose foundation is now under construction, developed by Magna Hospitality Group and 51,350 square feet of residential space developed by Thibeault Development. A total of 36,650 square feet of retail space will be constructed at Congress Square along Quaker Lane, a pedestrian-friendly arcade that will be located at Congress Square’s center. The following are photographs of the office building’s steel addition:
121 Seaport now 100%-leased with Alexion Pharmaceuticals’ lease of 150,000 square feet
Alexion Pharmaceuticals, currently based in New Haven, CT, will open a new 150,000-square-foot headquarters at 121 Seaport, bringing the state-of-the-art elliptical office tower to 100% occupancy. Last week, it was announced that Internet of Things (IoT) technology provider PTC has leased 250,000 square feet at 121 Seaport; the building features 400,000 square feet of Class A office space. Alexion, a global biopharmaceutical company that develops and delivers life-changing therapies for patients with rare diseases, will occupy floors three through eight of 121 Seaport and open its’ new headquarters in June 2018.
Newmark Knight Frank represented 121 Seaport developer Skanska in both Alexion and PTC’s leases; Cushman & Wakefield represented Alexion, and Cresa represented PTC. “121 Seaport now being 100 percent leased demonstrates the Seaport’s arrival as one of Boston’s most sought-after submarkets and business destinations,” said Charley Leatherbee, head of Skanska’s Commercial Development operations in Boston, in a prepared statement. “We delivered a building based on flexibility, innovation, sustainability and efficiency. We are honored that a pioneering company such as Alexion selected our building. Alexion and PTC are moving their respective industries forward in a building that pushes the boundaries of traditional design.” 121 Seaport will open in the first quarter of 2018, and also features 50,000 square feet of prime retail across its’ first two floors.
IoT technology provider PTC opening 250,000-square-foot global headquarters at 121 Seaport
Global Internet of Things (IoT) technology provider PTC, currently based in Needham, MA off of Route 128, will open a new 250,000-square-foot global headquarters across the top half of the new 17-story 121 Seaport elliptical tower in the Seaport District. PTC has leased the space for 18.5 years and will take occupancy in early 2019. Over 1,000 employees across all PTC company operations will work at PTC's new headquarters. With PTC's lease, 121 Seaport is now 63% leased.
PTC employs over 6,000 people worldwide and is a market leader in IoT and augmented reality. The company is developing technology that transforms how companies design, manufacture, operate and service the “things” in IoT. PTC has been headquartered in the Boston area since its’ founding in 1985.
By moving to the Seaport District, PTC aims to enhance its ability to attract and retain talent, following in the recent footsteps of major players including Amazon, Boston Consulting Group, General Electric, PwC and Reebok. “There are few places in the world that can lay claim to as many ‘firsts’ as Boston,” said PTC CEO Jim Heppelmann in a prepared statement. “It is clear that this region has the opportunity to yet again become a beacon of innovation in technologies as disruptive as the Internet of Things and Augmented Reality. At PTC, we aim to be a catalyst to extend Boston’s global reputation as a hub for technology leadership.” The Class A, LEED Platinum-configured 121 Seaport is on target for completion in the first quarter of 2018 and features 400,000 square feet of Class A office space on upper levels, with 50,000 square feet of retail space across two stories at the building’s base.
Big Night Entertainment Group and Live Nation New England ink lease for entertainment venue at The Hub on Causeway
Renowned entertainment venue proponents Big Night Entertainment Group and Live Nation New England have secured a lease of 31,680 square feet at the upcoming Hub on Causeway mixed-use development in Bulfinch Triangle, in which the proponents will open a new entertainment venue. Big Night and Live Nation’s new venue will be part of The Hub on Causeway’s first phase, which is on schedule for completion in late 2018, and will be located primarily on the development’s second floor, with a 1,324-square-foot lobby on the ground floor.
In a January 2016 interview with the Boston Herald, at which time the lease was still being negotiated, Live Nation President Don Law saidthe venue will be “a nightclub, restaurant, concert venue and bowling facility combination”. Law also revealed that “[Big Night founder] Ed [Kane] is going to run [the venue], and … [Live Nation will do] the music”. Per Law’s interview, the venue’s name “will include ‘rock’ and ‘bowl’”.
The Hub on Causeway’s first phase will feature 175,000 square feet of creative office space, 210,000 square feet of retail including Star Market and ArcLight Cinema, and 64,000 square feet of TD Garden expansion space. WeWork has leased 38,000 square feet in The Hub of Causeway’s first phase for a new collaborative workspace. Subsequent phases of The Hub on Causeway will construct three new towers featuring residential, hotel and office space. The $950 million development will span a total of 1.87 million square feet.
New conference and meeting center proposed in Kendall Square, preserving and expanding existing warehouse
Alexandria Real Estate Equities proposes to restore and expand an existing three-story, 12,654-square-foot historic brick warehouse in Kendall Square, located at 41 Linskey Way adjacent to the 100 Binney Street development, constructing a new four-story, 28,505-square-foot conference and meeting center with two restaurants. The conference and meeting center would span 41 Linskey Way’s second and third floors, with restaurants on the building’s first and fourth floors; the fourth floor restaurant would feature a roof deck with outdoor seating. On 41 Linskey Way’s ground floor would be a public transportation hub featuring waiting areas and information about nearby transit and car-sharing programs. Alexandria has filed plans for 41 Linskey Way with the City of Cambridge, who is now reviewing the proposed project.
Curtain wall complete at 121 Seaport, elliptical glass Class A office tower now leasing
121 Seaport’s sweeping elliptical glass curtain wall facade has been fully installed across all 17 of the tower’s floors. The facade features floor-to-ceiling high-performance vision glass, resulting in sweeping views of Boston Harbor and the Boston skyline. 121 Seaport’s elliptical design reduces wind loads and gives the building less direct solar exposure, resulting in 15 percent energy savings. 121 Seaport is built to LEED Platinum sustainability specifications.
Inside 121 Seaport, installation of HVAC utilities is nearing completion in anticipation of tenants moving into the tower. Future 121 Seaport tenants have not yet been announced; office and retail space at 121 Seaport is available for lease. 121 Seaport features 400,000 square feet of Class A office space on upper levels, with 50,000 square feet of retail space across two stories at the building’s base. The following is a photograph of 121 Seaport:
A ribbon cutting ceremony was held last week for the new Lovejoy Wharf waterfront luxury condominiums in Bulfinch Triangle, marking the completion of construction and welcoming the building's first residents, who will take occupancy this Fall. Lovejoy Wharf developer Related Beal was joined by Boston Mayor Marty Walsh and Massachusetts Secretary of Transportation Stephanie Pollack at the ribbon cutting. Lovejoy Wharf feautres 157 condominium residences now on sale, located steps from Downtown Boston and multiple dining and shopping options. Available residences include studios, one-bedrooms, two-bedrooms and three-bedrooms, with prices starting at $750,000. Lovejoy Wharf residents will have access to exclusive amenities including a landscaped 12th floor rooftop terrace, a spacious wharfside health club, a fitness studio, a resident lounge, a waterfront event room, a distinctive fireside library lounge, a billiards room, a business center and a children’s room. The following is a photograph from the ribbon cutting ceremony, courtesy Related Beal:
Underground parking excavation complete at The Hub on Causeway, superstructure construction underway
Excavation of the 1.87-million-square-foot Hub on Causeway mixed-use development's 540-car underground parking garage has hit rock bottom and is now complete. Pouring of the development's concrete foundation is nearing completion, and the development's first elevator core has gone vertical. The first steel girders of The Hub on Causeway's Phase I podium have risen above grade, signaling the start of superstructure construction. Phase I of The Hub on Causeway is expected to open in late 2018 and will feature 175,000 square feet of creative office space, 210,000 square feet of retail including Star Market and ArcLight Cinema, and 64,000 square feet of TD Garden expansion space. Subsequent phases will construct three new towers featuring residential, hotel and office space. The following is an aerial view of The Hub on Causeway:
The following is a video of the final excavation at The Hub on Causeway:
Akamai breaks ground on new global headquarters in Kendall Square
Akamai Technologies held an official groundbreaking ceremony today for its’ new 19-story, 453,768-square-foot headquarters tower at 145 Broadway in Kendall Square. The tower, developed by Boston Properties, will feature a high-performance glass facade, bringing abundant natural lighting to an open office floor plan. Demolition of a preexisting office building on site is now complete, allowing Akamai and Boston Properties to start construction of the tower. 145 Broadway is expected to open at the end of 2019 and is the first phase of Boston Properties’ 1.1-million-square-foot Kendall Square redevelopment project. The following are video and photographs from the 145 Broadway groundbreaking ceremony:
Interactive museum honoring Seaport District history coming to 121 Seaport ground floor, building facade nears completion
Skanska has announced it will construct a new interactive pedestrian museum at Harbor Way, the 20,000-square-foot, 70-foot-wide pedestrian promenade between its’ recently-completed 101 Seaport and under-construction 121 Seaport office and retail developments, honoring the history of the area’s development. The museum will focus upon Skanska’s discovery of an old shipwreck below the 121 Seaport construction site in May 2016, highlighting the landmaking of the Seaport District that caused the ship to be found a few blocks inland from Boston Harbor. The museum will explain how the Seaport District was once a tidal flat, which was filled with land in 1896, burying the old shipwreck. The museum will include facts about the ship’s last journey from Rockland, Maine and artifacts found within the ship, as well as the Seaport District’s initial use as a vast rail yard. "Boston has so many underground secrets and mysteries yet to be discovered. The shipwreck was both a surprise and an eye-opening experience and sheds new light on both the history of Boston's Seaport, and the historic connections between Boston and the rest of New England,” said Joe Bagley, the City of Boston’s Archaeologist.
Skanska’s new museum will be linked to an augmented reality exhibit that will sync to a smartphone application available for download, which will provide a more detailed, virtually guided tour through the museum. Reclaimed wood from the old shipwreck will also be incorporated into 121 Seaport; unique pieces of furniture will be created using the ship’s remnants and will accent the building’s common areas and conference rooms. “The buildings we create should positively impact the community beyond the confines of their own walls. Many of Boston’s neighborhoods preserve the city’s past in compelling ways. With Harbor Way, we are introducing the Seaport’s story in a way that marries Boston’s reverence for preserving history with the Innovation District’s spirit,” said Charley Leatherbee, leader of Skanska’s development operations in Boston. The following is a rendering of the interactive museum:
121 Seaport is nearly fully glassed in, with the 17-story building’s high-performance glass curtain wall installed as high as the 16th floor. Inside the building, concrete pouring and fireproofing spraying are complete on all levels. 121 Seaport will open in 2018, with office and retail space now available for lease. The building will contain 400,000 square feet of Class A office space on upper levels, with 50,000 square feet of retail space at the two-story podium at the base of the building. 121 Seaport will be built to LEED Platinum energy-efficiency standards; a private rooftop terrace will provide stunning views of Boston’s skyline and harbor. The following are photographs of 121 Seaport:
Panoramic sky pavilion opens at Avalon North Station luxury apartment tower
A stunning top-floor, indoor-outdoor sky pavilion featuring panoramic views of the Boston skyline has opened at the new 38-story Avalon North Station luxury apartment tower in Bulfinch Triangle. The pavilion is open to all Avalon North Station residents and features a luxurious indoor lounge with state-of-the-art finishes and furnishings, in addition to a spacious outdoor roof deck. Open since last Winter, Avalon North Station features 503 luxury apartment residences with studio, one-bedroom, two-bedroom and three-bedroom configurations now available for lease conveniently located steps to North Station, the Harborwalk and Downtown Boston. The following are photographs of the new sky pavilion at Avalon North Station:
Construction complete at Lovejoy Wharf luxury condominiums, new renderings revealed
Construction operations at 100 Lovejoy Wharf, a new 157-residence waterfront luxury condominium building in Bulfinch Triangle, are complete, and residences are now on sale. JM Electrical Company, Inc. has put the finishing touches upon 100 Lovejoy Wharf, installing a complete building automation system. Residences at Lovejoy Wharf will feature advanced in-unit HVAC controls, tailoring to residents’ specific needs and ensuring utmost comfort. The building’s state-of-the-art automation system will control heating ventilation and air conditioning across the new building, ensuring top-notch energy-efficiency.
Amenities at the now-complete Lovejoy Wharf condominium building include a private 12th floor terrace with sweeping views, a spacious wharfside health and wellness space, resident lounge space, a business center and more. Residences are now on sale, ranging from a 10th floor, 750-square foot 1-bedroom/1-bathroom residence offered for $915,000 ($1,220 per square foot; $915,000 per bedroom) to a 5th floor, 1,601-square-foot 3-bedroom/3-bathroom residence offered for $2.6 million ($1,623.99 per square foot; $866,666.67 per bedroom). New renderings, posted above, have been revealed of Lovejoy Wharf’s stunningly luxurious interior spaces.
Demolition begins for construction of new 19-story Akamai headquarters in Kendall Square
Demolition of the existing four-story, 78,636-square-foot office building at 145 Broadway in Kendall Square is now underway in order to clear the site for construction of Akamai Technologies’ new 19-story, 453,768-square-foot headquarters building. The new 145 Broadway building, which is expected to open at the end of 2019, will be 100%-leased by Akamai and is the first phase of Boston Properties’ 1.1-million-square-foot Kendall Square redevelopment project. The following is a photograph of demolition underway:
WeWork space and live music venue coming to The Hub on Causeway in Bulfinch Triangle
Collaborative workspace provider WeWork and live entertainment company Live Nation Entertainment Group have reportedly leased space at the 1.87 million square foot Hub on Causeway mixed-use development in Bulfinch Triangle. Developer Boston Properties has announced that Live Nation has leased 32,000 square feet for a new live music venue. Per a tweet by Steve Adams of Banker & Tradesman, WeWork has leased 38,000 square feet for a new collaborative workspace; WeWork spaces include shared co-working space as well as private offices. Both tenants would open within the first phase of The Hub on Causeway, which will open in late 2018.
Lovejoy Wharf luxury condos hit market, new renderings revealed
Sales have begun for the 157 new luxury condominium residences at Lovejoy Wharf, and stunning new renderings of the distinctive waterfront property have been revealed. Condominium prices start at $750,000; condominiums for sale average $1,343.26 per square foot, ranging from $755,000 for a 629-square-foot 7th floor studio to $2.6 million for a 1,601-square-foot 5th floor 3-bedroom/3-bathroom. The 15-story Lovejoy Wharf condominium building will feature state-of-the-art amenities; more information about amenities is posted above. Construction of the building is just about complete, with occupancy expected in Summer 2017. The following are the latest renderings and photographs of the Lovejoy Wharf condominium building:
Related Beal unveils The Beverly, Downtown Boston’s first 100% affordable and workforce housing development in over 25 years
Related Beal has unveiled The Beverly, formerly known as Parcel 1B, a 484,000 square foot building which will be Downtown Boston’s first 100% affordable and workforce housing development in over 25 years. The Beverly will feature 239 top-quality apartment residences, including much-needed family-sized apartments, providing downtown living at a moderate price. The building will also include a 220-room Courtyard Marriott hotel and 10,000 square feet of ground-floor retail. Lease applications for residences will be available from July through September 6th, with move-ins expected in early 2018. The latest building information and renderings are posted above.
Facade nears completion at Parcel 1B development in Bulfinch Triangle
Installation of brick and glass curtain wall finishes along the Parcel 1B development’s multifaceted facade is essentially complete. Facade sections that will be finished with metal panels are being fireproofed, and the last few windows are being installed along the brick and metal panel sections. Inside the building, framing of individual apartment and hotel units has begun. Upon the development’s opening in early 2018, Parcel 1B will feature a 220-room Courtyard Marriott hotel, 239 mixed-income rental apartment residences, and 10,000 square feet of ground-floor retail. The following are photographs of Parcel 1B:
Hyatt Centric hotel coming to Congress Square in Financial District
Hyatt Hotels Corporation has announced it will open a Centric hotel, Hyatt’s new millennial-minded, upper-upscale lifestyle boutique hotel brand, at the 458,300 square foot Congress Square development in the Financial District. The new hotel, Hyatt Centric Boston, is expected to open in 2018 and is part of a 12-hotel worldwide expansion campaign; Centric launched in 2015 and currently includes 14 hotels in North and South America. Centric hotels emphasize individual, social design that captures local flavor, centered about The Corner, Centric hotels' signature craft cocktail lounge, and a locally-themed bar and restaurant. Staff at Centric hotels are specially trained to provide custom-tailored tourism recommendations for guests.
Magna Hospitality Group, Hyatt Centric Boston’s owner, acquired Congress Square’s 85,700 square foot boutique hotel component for $16.5 million from Related Beal in August 2016. The hotel will incorporate an existing 12-story, 53,072 square foot building at 68 Devonshire Street and construct a new 13-story horizontal addition on the adjacent vacant lot. Congress Square is a 458,300 square foot mixed-use development overlooking Post Office Square which will feature hotel, office, residential and retail space. Office and retail space, which are being developed by Related Beal, are now leasing. Advertising agencies DigitasLBi and Publicis.Sapient will open a 200,000 square foot joint headquarters at Congress Square.
Underground parking excavation nears completion at The Hub on Causeway
Excavation of The Hub on Causeway’s 540-car underground parking garage and foundation is nearing completion. A sea of massive steel members spans across the project site, temporarily bracing the newly excavated hole immediately adjacent to the TD Garden and Causeway Street. The final underground parking structure will brace the development’s permanent foundation wall, allowing for the removal of the temporary steel bracing. Completion of Phase One of the three-phase, 1.87 million square foot development is expected in late 2018 and will include office space, retail/restaurant space and an expansion of TD Garden. The following are photographs of The Hub on Causeway:
121 Seaport, an upcoming Class A office building in the Seaport District, has topped off at 17 stories tall, and the building’s high-performance glass curtain wall has been installed as high as the third floor. The curtain wall will provide a 360-degree transparent coating surrounding 121 Seaport, providing sweeping views of Boston Harbor and the Boston skyline. At the building’s center, the construction team is pouring concrete on floors and spraying fireproofing along pillars and ceilings; concrete pouring and fireproofing spraying is complete on lower floors. The 450,000 square foot 121 Seaport will feature 400,000 square feet of Class A office space atop a two-story, 50,000 square foot retail platform. The following are photographs of 121 Seaport:
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.
SoulCycle and Tikkaway Grill now open at 101 Seaport
Both full-body indoor cycling and lifestyle studio SoulCycle and Indian-inspired restaurant Tikkaway Grill have opened new locations at the new 440,000 square foot 101 Seaport Class A office and retail building in the Seaport District. SoulCycle is the Seaport's first fitness studio and features 57 bikes as well as a lifestyle boutique featuring SoulCycle performance and leisure clothing. Tikkaway Grill is a "self-directed journey through the traditional tastes and flavors of India," featuring build-it-yourself rice bowls, salad bowls and whole-wheat Roti wraps. Opening this month at 101 Seaport will be Juice Press and Yoki Express, at which point 101 Seaport's 25,000 square feet of street-level retail will be fully occupied. Also open at 101 Seaport are Aceituna Grill, by CHLOE., Chipotle Mexican Grill and Starbucks.
Lovejoy Wharf luxury condominium sales launching in April, new amenity details revealed
Related Beal has announced that sales of the 157 new luxury condominium residences at Lovejoy Wharf will commence in April, with occupancy slated for Summer 2017. Sales are expected to start at $750,000, with residences ranging from studios to three-bedrooms. New details of condominium amenities at Lovejoy Wharf have been released; the latest details are posted above. Distinctive amenities at Lovejoy Wharf will include a landscaped 12th floor rooftop terrace with sweeping views, as well as 34-bottle wine coolers by Gaggenau and Kaldewei deep-soaking tubs in each residence.
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:
Vegan dining sensation by CHLOE. opens Thursday at 101 Seaport
by CHLOE., a plant-based, fast casual restaurant with locations in New York City and Los Angeles, will open this Thursday (February 23rd, 2017) at the recently completed 101 Seaport office and retail building in the Seaport District. by CHLOE. will front onto the upcoming Harbor Way pedestrian passage, which will ultimately link Summer and Congress Streets and future development to the waterfront.
by CHLOE. will feature creative, fully vegan recipes free of meat, dairy, and egg products as well as of saturated animal fat, added preservatives, and artificial flavors. by CHLOE.'s menu will include 4 exclusive Boston-themed vegan items: Clam Chowder, Lobster Roll, Boston Cream Whoopie Pie and Boston Cream Pie Chill. Beer and wine will be served in addition to fresh pressed juices and smoothies.
by CHLOE. will be open 7 days a week, from 11am to 10pm Monday through Friday and from 10am to 10pm on Saturday and Sunday, at 107 Seaport Boulevard. The 2,400 square foot Seaport location will seat 43 people; outdoor seating will be added as well. A second Massachusetts location of by CHLOE. will open this Spring at the recently completed Van Ness mixed-use development in the Fenway.
by CHLOE. is the latest addition to 101 Seaport's 25,000 square feet of retail space, which includes the now-open Aceituna Grill, Chipotle Mexican Grill and Starbucks and will soon also include SoulCycle, Juice Press, Tikkaway Grill and Yoki Express. The following is a photograph of by CHLOE.:
Avalon North Station, a new 38-story luxury residential tower in Bulfinch Triangle, is now open and leasing apartments. The newly-built building features luxurious finishes and unparalleled amenities including a sky pavilion and rooftop deck with sweeping views of the Boston skyline and Boston Harbor. Rents at Avalon North Station start at just under $2,300/month for a studio apartment. The following are photographs of Avalon North Station:
Facade installation underway at Parcel 1B in Bulfinch Triangle
The 14-story Parcel 1B hotel, retail and affordable housing building in Bulfinch Triangle is nearly fully sealed. Exterior weatherproofing has reached the building's top floor, brick finishes have reached the 12th floor and the glass curtain wall has reached the 10th floor. Parcel 1B is expected to open within the next year and will feature 239 affordable residential apartments, a 220-room Courtyard Marriott hotel and ground-floor retail. The following are photographs of Parcel 1B:
Lovejoy Wharf condominiums near completion, sales start expected this spring
The 17-story, 162-unit luxury condominium building at Lovejoy Wharf, located at 131 Beverly Street in Bulfinch Triangle, is nearing completion. Facade finishes and windows have been fully installed, and condominium interior fit out is well underway. Condominium sales are expected to start this spring. The following are photographs of 131 Beverly Street:
WS Development has announced that Kendall Square-based Mediterranean food restaurant Aceituna Grill will open its' second location at 101 Seaport in the Seaport District on Thursday (February 9th), becoming one of 101 Seaport's 8 confirmed retail offerings. Aceituna's 2,500 square foot space will seat 49 people and will be open for lunch and dinner Monday-Saturday. Aceituna is the latest retail offering to open in 101 Seaport's 25,000 square foot ground-floor retail component. Other offerings include the now-open Chipotle Mexican Grill and Starbucks, with SoulCycle, By Chloe, Juice Press, Tikkaway Grill and Yoki Express also opening in the coming months.
121 Seaport elliptical office building nearing top off
121 Seaport’s 17-story steel frame has risen nearly 11 floors, and the Class A office and retail building’s signature elliptical shape is now prominently pronounced. Following pouring of interior concrete floors, floor-to-ceiling high-performance glass will be installed across 121 Seaport’s sweeping façade, providing panoramic 360 degree views of Boston Harbor and the Boston skyline. 121 Seaport’s distinctive aerodynamic design will provide a 15 percent energy saving and a significant reduction in wind loads. The following are photographs of 121 Seaport:
Dell acquires Millennium Tower penthouse for $10.9 million, new restaurants open
Dell Technologies Chairman & CEO Michael Dell closed yesterday (Tuesday, December 13th) on his acquisition of a penthouse condominium at the newly opened Millennium Tower in Downtown Crossing. Dell acquired a 4,110 square foot penthouse on the 60-story building’s 59th floor featuring three bedrooms, four full bathrooms and one half bathroom for $10.9 million. Dell also acquired two parking spaces in Millennium Tower’s underground garage. Dell will live in the heart of Downtown Boston an elevator ride away from top-notch resident amenities and restaurants at Millennium Tower. Japanese seafood restaurant Pabu and a new Caffe Nero opened last month on Millennium Tower and the adjacent Burnham Building’s lower floors. With Dell’s acquisition, sales of 401 Millennium Tower homes (91% of 442 total) have closed totaling $906 million.
Dutch boutique hotel chain subleases upcoming Hub on Causeway hotel
Dutch boutique hotel chain citizenM has subleased the upcoming 10-story, 260-room hotel at The Hub on Causeway, a 1.87 million square foot mixed-use development under construction in Bulfinch Triangle adjacent to TD Garden. citizenM’s 99-year lease commenced Monday (November 28th, 2016). citizenM operates nine hotels worldwide in Europe and New York City featuring trendy, stylish rooms and common spaces. Key amenities at citizenM hotels include free Wi-Fi throughout, designer furniture and ultra-comfortable beds. The future Boston citizenM hotel at The Hub on Causeway is shown at left in the following rendering:
The following is citizenM’s lease for the Hub on Causeway hotel:
Akamai announces headquarters move to new Kendall Square tower
Kendall Square-based global content delivery network (CDN) leader Akamai Technologies has announced that is has entered into an agreement with Boston Properties to fully lease 100% of office space at the upcoming 19-story 145 Broadway office tower in Kendall Square. Akamai will relocate its’ headquarters to the new building, which is scheduled to open at the end of 2019. Akamai’s lease at 145 Broadway is for 15 years. Akamai has also agreed to lease a minimum of 150,000 additional square feet of space within Boston Properties' Kendall Square office portfolio, which will represent part of the second phase of Akamai’s Kendall Square headquarters campus build out.
Occupancy of Akamai’s new headquarters will be coordinated with the lease expirations of the current Akamai office locations in Cambridge. "We look forward to creating a campus environment for Akamai's employees to further foster innovation and collaboration, and to build a headquarters that complements the thriving Kendall Square community, complete with first-floor retail space,” says Erica Chapman, Vice President, Global Real Estate and Workplace Productivity at Akamai.
A topping off ceremony was held yesterday (November 10th, 2016) for Related Beal’s 14-story Parcel 1B apartment and hotel building in Bulfinch Triangle, which has reached its’ full height after just 23 weeks of construction. A large section of the Parcel 1B building’s facade, which includes precast brick panels, has been installed.
The Parcel 1B building will feature 239 affordable apartments targeted to upper-middle, moderate and low-income households. The hotel component will be a Courtyard Marriott and will feature 220 rooms. The Parcel 1B building is scheduled for completion in early 2018; Related Beal will open the housing inquiry list in early 2017. The following are photographs of the Parcel 1B building:
121 Seaport’s 17-story steel frame has risen nearly five full stories, including the future two-story, 50,000 square foot retail podium base. The building’s distinctive elliptical design is beginning to take shape, with uniquely rounded steel beams installed. The following are photographs of 121 Seaport:
Simon Property Group has decided to shelve plans to construct the approved 52-story Copley Place Tower in Copley Square for the immediate future, The Boston Globe reports. Simon CEO David Simon cited rapidly rising construction costs and concerns about oversupply of luxury housing in a recent conference call with analysts. “I would encourage everybody to study what’s going in construction costs and what’s going on in supply and demand,” said Simon, “it’s just not the right time to do it.” Simon could build the tower at a future date; the company will move forward with planned improvements to the existing Copley Place shopping mall.
One Vanderbilt, Midtown Manhattan's future tallest tower, breaks ground
An official groundbreaking ceremony was held Tuesday (October 18th, 2016) for One Vanderbilt. At 1,401 feet tall, One Vanderbilt will be Midtown Manhattan's tallest tower and New York City's second tallest tower upon its' expected completion in 2020. One Vanderbilt will contain 1.7 million square feet of office and retail space. TD Bank will be an anchor tenant at One Vanderbilt, occupying approximately 200,000 square feet of office and retail space including a flagship store at the corner of 42nd Street and Madison Avenue. As part of the project, One Vanderbilt developer SL Green Realty Corporation will invest $220 million in upgrades to New York City's mass transit system, including to the adjacent Grand Central Terminal.
84% of Millennium Tower condos closed for over $800 million, retail opening November
Millennium Tower is complete and has opened to
residents. Sales of 373 condominiums (84% of 442 total) have closed for over
$800 million. A Millennium Partners representative confirmed that Pabu, a
Japanese seafood restaurant, will open at the tower on November 1st. Caffe Nero
will open a cafe at Millennium Tower in mid-November, with Old Navy to follow
in the first quarter of 2017.
Millennium Tower’s exquisite glass facade is
prominently visible from all over Boston and is a key component of the 21st
century Boston skyline. Vidaris,
Millennium Tower’s building envelope consultant, provided exterior wall shop
and job site monitoring throughout the tower’s construction. Vidaris also
provided roofing and waterproofing job site monitoring for Millennium Tower. Vidaris performed energy modeling for both code compliance and
LEED credits. The following are exterior photographs of the completed Millennium
The following are interior photographs of Millennium Tower, courtesy Millennium Partners:
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:
The 17-story concrete elevator core of 121 Seaport has topped off, and a new project banner has been hung along the core. Construction of 121 Seaport's elliptical structural steel frame will follow imminently. 121 Seaport will feature 400,000 square feet of Class A office space above a two-story, 50,000 square foot retail podium. 121 Seaport is targeting LEED Platinum efficiency certification; the building's elliptical design will result in 15 percent energy savings due to less direct solar exposure. The following is a tweet by Skanska showing 121 Seaport's topped-off elevator core:
New interactive website and renderings for 121 Seaport
Skanska has released a new interactive website, 121seaport.com, with leasing information for 121 Seaport, a state-of-the-art 17-story, 450,000 square foot tower under construction in the Seaport District. Additionally, new interior and exterior renderings have been released; these renderings can be found above. 121 Seaport will feature 400,000 square feet of Class A office space above a two-story, 50,000 square foot retail podium.
Residential apartments at Avalon North Station, a new 38-story mixed-use tower in Bulfinch Triangle, are now leasing. Rents and floor plans have been posted on the Avalon North Station website; rents will start at $2,270/month for studios, $2,595/month for one-bedrooms, $3,750/month for two-bedrooms and $5,435/month for three-bedrooms. Renters who sign a lease by September 30th will receive one month of rent free. An Avalon North Station leasing representative confirmed that the first move in at Avalon North Station is tentatively scheduled for November 3rd.
AvalonBay has also released photographs of a completed unit at Avalon North Station as well as a video and photographs showing Avalon North Station's sweeping Boston skyline views; both the photographs and video can be found below:
Akamai Technologies signs Letter of Intent to fully occupy 145 Broadway
The Boston Globe reports that Kendall Square-based global internet content delivery leader Akamai Technologies has signed a Letter of Intent (LOI) with Boston Properties to fully occupy 145 Broadway, the proposed 19-story Kendall Square office tower that will contain approximately 454,000 square feet of office space. The move will allow Akamai to house most of its' 1,700 Kendall Square-based employees in one building; Akamai currently leases approximately 500,000 square feet across several Kendall Square buildings. Akamai's existing leases expire in 2019. Akamai is seeking a state tax break for the move, pledging to add 700 additional jobs in return.
Approved Kendall Square apartment plan revised to include additional amenities
The City of Cambridge's Planning Board will hold a hearing this Tuesday (September 6th, 2016) to review Equity Residential's proposal to add 14,484 additional square feet of basement level amenities and utilities to the approved 249 Third Street apartment project in Kendall Square. The basement level would contain a gym and bike parking in addition to utility spaces and
storage. Under the revised proposal, the height, building footprint and number of dwelling units at 249 Third Street would remain unchanged. 249 Third Street will feature 84 residential apartments ranging from studios to three-bedrooms and 1,540 square feet of ground-floor retail. 249 Third Street was approved for construction by the Planning Board in October 2015; construction has not yet commenced.
Boston Properties has filed formal design plans with the City of Cambridge to construct 145 Broadway, a new 19-story, 454,000 square foot office tower in the heart of Kendall Square at the intersection of Broadway and Galileo Galilei Way; the following is a link to the Design Review Submission for 145 Broadway. An existing four-story, 87,636 square foot office building would be demolished; demolition could commence in 2017. The Cambridge Planning Board will consider Boston Properties' plans at a public hearing on September 20th. 145 Broadway is the first step of Boston Properties' planned 1.1 million square foot Kendall Square mixed-use redevelopment project; the following is a link to Boston Properties' full project Concept Plan.
Related Beal sells approved Congress Square boutique hotel project to Magna Hospitality Group for $16.5 million
Last Friday (August 12th, 2016), Related Beal sold the approved boutique hotel component of the Congress Square development project to hotel investor, developer and manager Magna Hospitality Group of East Warwick, Rhode Island for $16.5 million as recorded in the Suffolk County Registry of Deeds. An 85,700 square foot boutique hotel is approved for construction at Congress Square. The approved hotel site is located at 68 Devonshire Street and includes an existing 12-story, 53,072 square foot building and an adjacent vacant lot. To construct the approved hotel, the existing building would be thoroughly renovated and a 13-story addition would be constructed on the vacant lot. The following is a rendering of the boutique hotel approved for construction at Congress Square:
Related Beal now only retains ownership of Congress Square's 40 Water Street, where approximately 285,000 square feet of office space and 31,000 square feet of retail are currently under construction. Related Beal sold 15 & 19 Congress Street, the residential component of Congress Square, to Thibeault Development last week for $14.55 million; 35 condominiums with ground-floor retail are approved for construction at 15 & 19 Congress Street.
The following is a Congress Square site plan:
The following is the deed for the sale of the approved boutique hotel project to Magna Hospitality Group:
More information about Congress Square is posted below.
Federal Realty acquires retail component of Partners HealthCare Assembly Row headquarters for over $25 million
This past Tuesday (August 9th, 2016), Partners HealthCare (Partners) transferred ownership of the 100,000 square foot ground-floor retail component of Partners' new 13-story, 825,000 square foot Assembly Row headquarters building to Federal Realty Investment Trust (FRIT) for just over $25 million as recorded in the Middlesex County Registry of Deeds; the exact sale price was $25,172,396. FRIT will manage the building's retail space. FRIT is the proponent of Somerville's $1.2 billion, 56-acre Assembly Row development project of which Partners' new headquarters building is a component. Approximately 400 Partners employees moved into the new headquarters this summer on June 13th, 2016. Partners' headquarters are located next to the Assembly Row station on the MBTA Orange Line with direct service to Downtown Boston. The following is the deed for the ownership transfer of Partners' headquarters' ground-floor retail component to Federal Realty:
Residences still planned for two Congress Square buildings sold Thursday
In an official press release on Friday, Related Beal announced that the buildings at 15 and 19 Congress Street sold Thursday for $14.55 million by Related Beal to Thibeault Development will be redeveloped into residences as originally planned. It has not been announced whether Thibeault Development's residences will be condominiums or rentals, and a unit count has not been specified; a Notice of Project Change (NPC) has not been filed with the Boston Redevelopment Authority (BRA) at this time. Related Beal had intended to construct 35 condominiums at 15 and 19 Congress Street; the buildings total 54,461 square feet.
According to the official press release, Thibeault Development will construct approximately 5,750 square feet of retail on the ground floor of 15 and 19 Congress Street fronting the future Quaker Lane, a pedestrian-friendly avenue planned at the center of the Congress Square development project. "We are excited with the master plan for Congress Square that Related Beal has developed and are looking forward to being a part of bringing it to fruition," said Billy Thibeault, Principal at Thibeault Development. Related Beal will continue to develop the remainder of the Congress Square project. "The residences that Thibeault is developing at 15 and 19 Congress Street contribute greatly to our vision of Congress Square as a dynamic addition to Boston's downtown,” said Stephen Faber, an executive vice president at Related Beal. The following is a link to the official press release announcing the sale of 15 and 19 Congress Street to Thibeault Development. More information about Congress Square is posted below.
Related Beal sells two Congress Square buildings to Thibeault Development
This afternoon, Related Beal sold two buildings, located at 13-19 Congress Street, on the Congress Square development site in Downtown Boston to Thibeault Development of Everett, MA for $14.55 million as recorded in the Suffolk County Registry of Deeds. Related Beal acquired the site for $87 million in 2013 and guided the Congress Square development project through approvals; the project started construction earlier this year. Della Thibeault, a Manager at Thibeault Development, was available for comment and confirmed that the firm is now the owner of 13-19 Congress Street. Related Beal retains ownership of the other three buildings at Congress Square and of a Devonshire Street parcel intended for construction of a boutique hotel; representatives of Related Beal were not available for comment this afternoon. This page will be updated with additional information as it becomes available. The following is a site plan of Congress Square; the buildings sold to Thibeault Development are numberred 19 & 15 Congress:
The following is the deed for the sale of 13-19 Congress Street to Thibeault Development:
Millennium Tower move-ins start today, building 96% sold and nearly finished
The Boston Globe reports that the first Millennium Tower residents are moving into the building today (Friday, July 15th, 2016). Workers were reportedly putting finishing touches on lower floors this week, with upper floors scheduled for completion later this year. Millennium Tower is reportedly 96% sold, with all but about 20 of the tower's 442 units accounted for.
According to Richard Baumert of Millennium Partners, about 75% of Millennium Tower units were sold to Boston-area buyers. The first deeds for Millennium Tower unit sales were recorded Thursday, with closing prices ranging form $875,000 for a 16th floor unit to $8.7 million for a 45th floor unit. A total of 47 unit sales have closed as of Thursday. Buyers thus far include local executives as well as relatives of Harry Agganis, namesake of Boston University’s Agganis Arena.
The following are photographs of the nearly finished Millennium Tower:
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)
Once these three retailers move in, Millennium Tower's 350,000 square feet of retail will be 100% occupied. In other news, Millennium Tower's 442 residential condominium units are reportedly 95% sold. Condominium sale closings will commence this summer in July.
The following is the Millennium Tower project profile in Millennium Partners' Winthrop Square proposal:
101 Seaport sold to Union Investment for $452 million
An official press release from Skanska confirms the sale of 101 Seaport to Union Investment of Germany. Sale price is $452 million. The Boston Globe notes that the sale represents the highest price per square foot ever recorded for a Boston office tower, at $1,027 per square foot. A deed was recorded for the sale at 9:46 AM this morning in the Suffolk County Registry of Deeds:
Skanska bought the 101 Seaport parcel in 2013 for $33 million. Union Investment also recently bought the Hoffman Building on Lovejoy Wharf for $150 million. More information about 101 Seaport is posted below.
Related Beal sells Lovejoy Wharf building for $150M
Related Beal's sale of the Hoffman Building, located on Lovejoy Wharf, to Union Investment of Germany closed Thursday. Recorded sale price is $150,000,001. Related Beal acquired the Hoffman Building, located at 160 North Washington Street, for $11,250,000 in 2012. The agreement for the sale was first reported in November 2015 by Banker and Tradesman.
The Hoffman Building houses the headquarters of shoe manufacturer Converse and contains a total of 214,000 square feet of office space. Related Beal remains the owner and developer of 131 Beverly Street, an under-construction condominium tower located on Lovejoy Wharf adjacent to the Hoffman Building. 131 Beverly Street will contain 162 residential units across 17 stories. Additional information about the Lovejoy Wharf project is posted below.
The following is the deed for Thursday's sale of The Hoffman Building to Union Investment:
The following is the deed for Related Beal's acquisition of The Hoffman Building in 2012:
J. Derenzo Companies’ JDC Demolition division is hard at work performing interior demolition at Congress Square in Boston’s Financial District. The JDC team is gutting the five existing Congress Square buildings, paying careful attention to the abundant historic detail inside. Authentic copper and marble finishes are prominent throughout the buildings; pillars and walls feature intricate patterns and carvings. These unique details will be preserved as part of the Congress Square development.
During our visit to the Congress Square site, we observed the JDC team raising Bobcat vehicles to the buildings' upper floors. These vehicles will be used to perform interior demolition:
Great views of the Boston skyline are abundant throughout the buildings, particularly on upper floors:
We also observed the first restored copper panel on Congress Square’s exterior. As previously reported, the authentic copper panels on Congress Square’s exterior will be fully restored to their “original, copper dipped shine:"
Initial site work is also beginning on a parcel on which a new Congress Square building will be built. The building will front Devonshire Street and will house a boutique hotel:
More information on the Congress Square project, including architectural renderings, is posted below.
Arrowstreet reports an exciting discovery has been made at Congress Square, currently under construction in Boston’s Financial District. While restoring painted exterior grillwork of the historic buildings, the Consigli construction team discovered that the grillwork is copper-plated and that the panels contain previously unseen intricate craftsmanship. The panels will now be fully restored to their “original, copper dipped shine,” which will further enrich the pedestrian experience that is central to the Congress Square project. We are excited to watch Congress Square continue to progress and cannot wait to see what other hidden historic details are uncovered!
Below are renderings of the restored copper grillwork:
Congress Square will fully restore five historic buildings. New glass additions will be constructed above the buildings; a new hotel building will also be built on site. A pedestrian mall lined with retail spaces and outdoor seating will be built at the site’s center. More project information, including renderings, is posted below.
Pile driving is complete at 121 Seaport, and concrete has been poured on pile caps. Excavation and construction of 121 Seaport's foundation continue in addition to reinforcement installation along the MBTA Silver Line tunnel, which runs underneath the project site. The following are photographs of 121 Seaport:
January 15, 2016
Pile driving is in progress at 121 Seaport, and excavation of 121 Seaport's foundation has begun. Reinforcements are being installed along the unearthed roof of the MBTA Silver Line tunnel. The following are photographs of 121 Seaport:
Construction is starting at Congress Square in Boston's Financial District! Construction fencing has been installed at Quaker Lane along with signage reading "Under Construction." Consigli Construction will manage Congress Square's buildout.
J. Derenzo Company is actively preparing the Parcel 1B construction site for construction of a 14-story building. Formerly known as The Merano, the building at Parcel 1B will include a 220-room Courtyard Marriott hotel and 239 affordable workforce apartments. At the Parcel 1B groundbreaking ceremony on Thursday, we got to see J. Derenzo Company at work performing excavations and pile driving for the building’s future foundation.
We had the honor and privilege of joining developer Related Beal at Parcel 1B’s official groundbreaking ceremony on Thursday. We are very excited to watch J. Derenzo Company and Consigli Construction build Parcel 1B, a development project that will create new community-driven housing opportunities in downtown Boston and bring new residents and visitors to the Bulfinch Triangle neighborhood. Photographs from Thursday’s groundbreaking ceremony are posted above.
We had the honor and privilege of joining Boston Properties and Delaware North at the official groundbreaking ceremony today for Phase One of The Hub on Causeway! We are very excited to watch John Moriarty and Associates build this project and cannot wait to experience the energy The Hub on Causeway will bring to the Bulfinch Triangle neighborhood and downtown Boston. Anticipated completion of Phase One is in late 2018. Learn more about Phase One and see project renderings below. Also take a look at our photographs from today's groundbreaking ceremony, posted above!
Millennium Tower's crane, Boston's tallest structure to date, is coming down as the building, built by Suffolk Construction, nears full completion! Glass is just about fully installed, and ground floors look ready for exciting new Downtown Crossing retail options.
Skanska is hard at work preparing the 121 Seaport site for construction! When complete, 121 Seaport promises to be "a workplace built on human-centered design," an inspiring layout that will undoubtedly inspire future tenants to "think forward, work forward [and] more forward" together. The Boston Globe's Tim Logan reports that there is strong interest amongst potential office tenants in leasing space at 121 Seaport. The following are photographs of 121 Seaport:
The TD Garden project is off to a strong start! John Moriarty and Associates is hard at work preparing the former parking lot on Causeway Street for the ultimate construction of a three-tower mixed-use development. View our site photographs above, and stay tuned for further updates!
We visited under-construction 131 Beverly Street on Lovejoy Wharf. Consigli Construction is hard at work, and the building's core continues to rise. When complete, 131 Beverly Street will be 14 stories tall. View our photographs of 131 Beverly Street above and learn more about the project below.
Converse moved into its completed space at 160 North Washington Street in mid April 2015. Soon afterwards, the new Harborwalk space on Lovejoy Wharf opened to the public. 131 Beverly Street broke ground in late April 2015 and is expected to be complete by spring 2017.