Top Boston-Area New-Construction Development Projects of January 2018 Update
Boston real estate development is off to a strong start in 2018, with multiple projects reaching critical milestones in January and new project plans revealed. Below are the Boston-area’s Top 12* new-construction buildings and development projects of January 2018:
*Top projects based on our database activity.
Boston - Bulfinch Triangle
Located in Bulfinch Triangle next to Boston’s landmark TD Garden, The Hub on Causeway is one of the largest development projects currently underway in the City of Boston. At the end of January 2018, The Hub on Causeway hit a major milestone with the topping off of its’ Phase One podium. Phase One will be anchored by the headquarters of Rapid7, a leading cybersecurity and IT operations analytics solution provider, and will include retail options such as a Star Market supermarket, an ArcLight Cinema with 15 screens and a new entertainment venue by Big Night Entertainment Group and Live Nation New England featuring a nightclub, a restaurant, a concert venue and a bowling facility.
The three-phase development will consist of 1.87 million square feet of retail, office, hotel, restaurant, cinema and residential space, and new features for TD Garden including a new entrance and a 64,000-square-foot expansion. The Hub on Causeway is one of many developments coming to Bulfinch Triangle, an up-and-coming neighborhood of Downtown Boston which, given the sheer number of technology companies moving there and projects taking place, received an unofficial new name in 2017: Uptown. Learn more >>>
Boston - Seaport District
The largest and most expensive development granted a building permit in the City of Boston in 2017, the 1.3-million-square-foot EchelonSeaport will consist of three mixed-use towers containing 717 apartment and condominium residences as well as 125,000 square feet of retail and restaurant space. Echelon broke ground in Summer 2017 with a special ceremony featuring a special presentation by James Beard award-winning chef and Blue Dragon restaurant owner Ming Tsai.
In early January 2018, Echelon received $480 million in construction financing from Natixis. As of early February, the foundations of Echelon’s three towers are just about complete, and the towers’ elevator cores are beginning to rise out of the ground and into the growing Seaport skyline. It was recently announced that noted interior designer Jeffrey Beers International (JBI) will spearhead the design of EchelonSeaport’s interior common areas.
Echelon is expected to open in phases between late 2019 and early 2020. The development will be oriented about a pedestrian mall and courtyard with multiple passageways and abundant outdoor seating, bringing increased public space to the Seaport District. Learn more >>>
Somerville - Assembly Square
Located steps from the recently opened Assembly MBTA Orange Line station in Somerville and minutes from Interstate 93, the 9.4-acre 5 Middlesex Avenue, home to a 195,000-square-foot office building, will soon also host 1.9 million square feet of mixed-use development. Cresset Development acquired the property, along with the approvals to construct new hotel, lab, office, residential and retail, in January 2018 for $35 million. The 5 Middlesex Avenue development was a key component of the City of Somerville’s recent submission to Amazon’s second headquarters (HQ2) request for proposals (RFP), which includes various properties centered about the Orange Line. Learn more >>>
4. One Dalton
Boston - Back Bay
2017 saw the beginning of the rise of One Dalton, Boston’s future third tallest building and the Northeast’s future tallest residential building, into the Boston skyline. One Dalton will stand 740 feet and 61 stories tall, and will feature 180 luxury condominium residences atop a 215-room Four Seasons hotel. As of early January 2018, One Dalton’s 23-story, 215-key hotel is topped off, and work is now underway to construct the tower’s luxury condominiums and exclusive amenity spaces on floors 24 through 61.
Condominiums at One Dalton are now on sale and start at $2.75 million. Though the tower is months from completion, one penthouse has reportedly sold for about $40 million, and one has reportedly sold to Dell Technologies Chairman & CEO Michael Dell. Though the sale has not yet closed, $40 million would be Boston’s most expensive condominium sale in history. Learn more >>>
Boston - Allston
Allston Square is a recently proposed six-building, 390,000-square-foot mixed-use development centered about the intersection of Cambridge Street and Harvard Avenue in Allston that would construct a total of 353 residences, including 245 condominiums and 108 rental apartments, 24,550 square feet of retail space, and 189 parking spaces across two phases. Buildings would be constructed on multiple sites both on and off of Cambridge Street, and existing buildings on the sites would be demolished. Developer City Realty Group is expected to file plans for Allston Square with the City of Boston in the coming months to begin the project’s official review process. Learn more >>>
Boston - Financial District
Located in Winthrop Square in the heart of Downtown Boston, 115 Winthrop Square is a proposed 53-story, 691-foot-tall, 1.592-million-square-foot tower that would replace the decrepit City-owned parking garage. Demolition of the dilapidated Winthrop Square Garage began in Fall 2017. Pending city approval, construction of the proposed LEED Platinum-certified building is expected to commence in the second quarter of 2018, with initial occupancy planned by the first quarter of 2022.
Per plans newly revealed in early January 2018, the tower would contain approximately 500 condominium residences on upper floors, with approximately 750,000 square feet of office space at the building’s center and approximately 31,000 square feet of retail and restaurant space and 21,000 square feet of public meeting space centered about a three-story Great Hall on lower floors. Learn more >>>
Boston - Chinatown
Millennium Partners, developer of the aforementioned 115 Winthrop Square tower in Downtown Boston, has partnered with the Asian Community Development Corporation, Corcoran Jennison Companies and Tufts Shared Services to propose the construction of a 31-story, 369,000-square-foot, $174 million tower at 286-290 Tremont Street in Chinatown, replacing a City-owned surface parking lot. Per plans revealed in January 2018, the tower would contain 171 affordable apartment and condominium residences, a 140-room expansion of the adjacent Doubletree Hotel, a 264-space expansion of the adjacent Tufts Shared Services parking garage, and 8,000 square feet of ground-floor community space.
Residences would include 45 apartments and 126 condominiums and would represent Millennium’s affordable housing contribution for the 115 Winthrop Square tower. In addition, the proposed tower’s ground floor could contain a new Chinatown branch for the Boston Public Library and outdoor public space. The proponents hope to begin construction of the tower in December 2018, with completion expected in December 2020. Learn more >>>
8. Moxy Hotel
Boston - Theater District
Located across from the W Hotel and surrounded by some of Boston’s top nightlife options, the Moxy Hotel is an upcoming 24-story, 346-room, 143,000-square-foot hotel at the corner of Stuart and Tremont Streets in the Theater District. Each “micro” guest room will be approximately 175 square feet in size, and amenities will include a rooftop bar and lounge as well as meeting rooms, a kitchen and dining area and a fitness center. The tower’s crane was erected in January 2018, and vertical construction of the concrete superstructure is expected to begin shortly ahead of the hotel’s anticipated opening later this year. Learn more >>>
Boston - Fenway
Kenmore Square North is a proposed redevelopment of a nine-building portfolio located at the heart of Kenmore Square totaling approximately 310,000 square feet atop which stands the famous Citgo sign. Developer Related Beal acquired the buildings for nearly $134 million in Fall 2016, and in January 2018 revealed preliminary development plans. Related Beal’s proposal calls for retaining and improving six of the buildings, and replacing three buildings at the corner of Commonwealth Avenue and Deerfield Street with new construction. The Citgo sign would be preserved as part of the project. Learn more >>>
10. 145 Broadway
Cambridge - Kendall Square
145 Broadway is an upcoming 19-story, 453,768-square-foot office tower located in the heart of Kendall Square which will host the new headquarters of Akamai Technologies, who has fully leased the building. As of January 2018, two tower cranes are in place on the 145 Broadway project site, and vertical construction is about to begin.
In addition to office space, 145 Broadway will contain approximately 10,000 square feet of ground-floor active use space that could accommodate retail uses, as well as a five-story underground parking garage that will contain 374 parking spaces and 151 bicycle spaces. 145 Broadway is the first phase of Boston Properties’ planned 1.1 million-square-foot Kendall Square redevelopment project. The building broke ground in Summer 2017 and is expected to open by the end of 2019. Learn more >>>
11. 321 Harrison
Boston - South End
321 Harrison Avenue is an eight-story, 232,500-square-foot office building that will be constructed on a speculative basis atop the property’s existing three-story, 300-car garage. The new, combined 11-story building will also include approximately 2,500 square feet of retail or gallery space on the existing garage’s street level. Developers CIM Group and Nordblom Company aim to break ground on the project this March, and complete the building by Summer 2019. Learn more >>>
12. 150 Seaport
Boston - Seaport District
150 Seaport is an upcoming 22-story waterfront condominium tower in Boston’s Seaport District. The tower will replace the Atlantic Beer Garden and Whiskey Priest bars with 124 luxury condominium residences, and 10,700 square feet of restaurant/retail spaces across the first two floors. In late January 2018, developer The Cronin Group announced it expects to break ground on 150 Seaport this Spring, following a deal with the Conservation Law Foundation (CLF) that will see Cronin provide $13.1 million towards a new waterfront park and $5.4 million towards waterfront programming for children, in addition to building a public dock and increasing the portion of the project footprint dedicated to public use by 60%. Learn more >>>