General Electric takes two-phase construction approach to Fort Point headquarters, completion pushed to 2021

General Electric will now construct its’ Fort Point headquarters in two phases, pushing full completion of the project to 2021. Renovation of the two existing brick warehouses at 5 and 6 Necco Court, now dubbed “North Point”, by Consigli Construction is on schedule for delivery in the first half of 2019. Construction of the new 12-story office building, now dubbed “South Point”, by Suffolk Construction on a former section of the Procter & Gamble parking lot along Fort Point Channel is now scheduled for completion in mid-2021, along with new public open space along Fort Point Channel.

The simultaneous renovation of the warehouse and construction of the office building was reportedly deemed too costly, which caused GE to take the cheaper two-phased approach instead. The decision follows John Flannery assuming the role of CEO at GE last week, and Flannery’s subsequent announcement that he would review all of GE’s operations in order to cut costs. “As with any construction project of this scope and complexity, we have been periodically reviewing the schedule and budget. Based on that review, we have decided that it makes more sense and is more cost-effective to construct the campus in two phases,” said Ann Klee, GE’s Vice President of Boston Development and Operations, in a prepared statement. The renovated warehouses will have capacity for approximately 300 employees; the new building will house an additional approximately 500 employees, for a total of approximately 800 employees across the headquarters at completion.

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