Boston Global Investors

BGI Files Letter of Intent for Parcel A2 Project

Boston Global Investors have filed a Letter of Intent for a 675,000 square foot, two-building project on the Seaport's Parcel A2 and Triangle Parcel. Parcel A2 would include an 18 story tower to contain around 645,000 square feet of office space. This building would have two entrances, one along Congress Street and the second from the World Trade Center viaduct. On the Triangle Parcel, a 2-story building would include 30,000 square foot of programmable space along with a landscaped rooftop. A new pedestrian bridge over the I-90 ramp would connect the two buildings. Plans would also call for 66,000 square feet of outdoor public space and 65,000 indoor space including a Great Hall along Congress Street. 

BGI expects to file the PNF sometime in mid-June. Once permits and approvals are finalized BGI will enter into a long-term ground lease for the site with Massport.

 

Yotel Boston Refinanced for $78.367 Million

Yotel Boston has been refinanced via Bank of America for $78.367 million.

Boston's first Yotel in the Seaport District features 326 "cabins," approximately 180 square foot rooms positioned as an affordable option for business travelers. All cabins feature signature Yotel adjustable SmartBeds with luxury bedding, rejuvenating monsoon rain showers, relaxing adjustable mood lighting, many power connectivity ports and smart TVs connectable to guests' mobile devices. "Super-fast" Wi-Fi internet is available throughout the building.

Motor Mart Garage Under Official Review

The proposed redevelopment of Motor Mart Garage by CIM Group and Boston Global Investors is under official review.

The plans call for a 20 story tower to rise out of the existing building (for a total of 28 stories).  In total approximately 390 residential units (apartments and condos) would be created, ranging in size from studios to three bedrooms. 672 of the current 1037 parking spaces will be retained and around 46,000 square feet of retail space will be renovated.

Renderings of Seaport Office Tower Released

Boston Global Investors plans to construct a 600,000-square-foot office building on a 1.1-acre parcel along Congress Street.

The development rights went to a team led by John Hynes’ Boston Global Investors, which agreed to pay Massport $120 million for a 99-year lease for the site and access to a nearly half-acre parcel across the street known internally as “the triangle.”

The street-level space will consist of a “grand hall” where eateries or nonprofits could set up. (The arch-like structure will minimize the need for columns in that ground-floor area.) The second and third floors will include two civic spaces, such as modest-sized performance venues. A new public connection would be made between the elevated World Trade Center Avenue and Congress Street below. And the developers would spruce up part of the viaduct — more like a park, less like a desolate bridge.

Then there’s that “triangle” parcel, bounded by highway ramps. A single-floor building devoted to civic uses — billed as an innovation and cultural center — would go there, topped with a rooftop park and connected to the office building parcel via a pedestrian bridge.

The 18-story main building would include 525,000 square feet of office space. BGI’s team, Massport says, expects to spend roughly $425 million on the entire project, including the public-realm improvements (and excluding the land costs). Construction could start in two years, and the building could open within four.

Rendering Below:

via Boston Globe

$250 Million Development of Motor Mart Garage

CIM Group and Boston Global Investors have submitted a detailed project notification for the redevelopment of the Motor Mart Garage. The plans call for a 20 story tower to rise out of the existing building (for a total of 28 stories).  In total approximately 390 residential units (apartments and condos) would be created, ranging in size from studios to three bedrooms. 672 of the current 1037 parking spaces will be retained and around 46,000 square feet of retail space will be renovated.

John Hynes of BGI tells BLDUP the team expects to start construction in October of this year with an anticipated completion in May 2022.

The Benjamin & Via Refinanced for $468 Million

The Benjamin & Via in Boston's Seaport District has been refinanced for $468 million via American General Life Insurance Company.

The Benjamin & VIA encompass Boston’s largest mixed-use project in over 30 years, spanning 1.5 million residential and retail square feet over three acres of land. Located in the heart of the Seaport District, The Benjamin (22 stories tall) and VIA (20 stories tall) are built to the highest standard of modern luxury and feature sweeping Boston skyline and Boston Harbor views

L.L.BEAN CELEBRATES GRAND OPENING OF ITS FIRST URBAN STORE AT ONE SEAPORT
New England neighbor brings the joy of the outdoors to Boston April 6
 

March 27, 2018 – Boston, MA – New England outdoor retailer L.L.Bean, best known for its L.L.Bean Boots and world-class customer service, announced the grand opening of its very first urban retail store at One Seaport in Boston on April 6 at 9 a.m. 

The 8,600-square-foot store will feature an assortment of active and casual apparel, outerwear and footwear, as well as a variety of outdoor gear curated specifically for residents and visitors of Boston.
 
The grand opening celebration will begin on Friday, April 6 and go through Sunday, April 8. Everyone is invited to the three-day event featuring giveaways, games, a weekend block party, L.L.Bean’s famous Bootmobile and more.
 
For more information about L.L.Bean’s One Seaport store and the grand opening event, including a detailed schedule of events, visit http://www.llbean.com/seaport

On Friday, March 2nd, the Los Angeles based, CIM Group filed plans with the Boston Planning & Development Agency to move forward with construction of a 17-story, 280-unit residential tower above the existing nine-story Motor Mart garage located in Boston's Back Bay. This comes two years after the group purchased the garage for $162.5 million in 2016.

278-foot residential tower proposed atop Motor Mart Garage in Bay Village

CIM Group of Los Angeles, who acquired the nine-story, 420,000 square foot Motor Mart Garage at 201 Stuart Street in Bay Village for $162.5 million in October 2016, proposes to construct a 278-foot-tall residential tower above the garage. The existing facade would be renovated, and the garage would continue to be used as vehicle parking, including parking for tower residents; the garage currently contains 1,037 parking spaces. Per The Boston Sun, CIM hopes to start construction of the tower next summer and will likely file a Letter of Intent (LOI) with the Boston Planning & Development Agency (BPDA) formally proposing the project in the coming weeks.

CIM also acquired the 200 Stuart Street Garage, a seven-story, 826-space parking garage located across from the Motor Mart Garage adjacent to the Revere Hotel, for $95 million in July 2017. CIM has not disclosed plans to construct a tower atop the 200 Stuart Street Garage, which is currently home to the popular Rooftop@Revere rooftop outdoor bar and lounge. A 19-story, 199-foot-tall tower featuring 131 apartment residences and approximately 3,000 square feet of ground-floor retail was recently approved for construction at 212 Stuart Street, next to the 200 Stuart Street Garage and across from the Motor Mart Garage. CIM also recently acquired 321 Harrison Avenue in the South End, a property featuring an 11-story, 235,000-square-foot office building and three-story, 300-car garage atop which an eight-story, 232,500 square foot office development is approved, for $114.2 million in September 2017. CIM is reportedly weighing speculatively constructing the office development.

Widett Circle seafood vendors propose new South Boston Waterfront facility

After listing their longtime home at Widett Circle in South Boston for sale, the seafood vendors of New Boston Food Market, in conjunction with Boston Global Investors, propose to construct a new 79,000-square-foot multi-tenant facility for seafood processing, storage and refrigeration on the South Boston Waterfront. The proposed building would be a two-story, light industrial building of approximately 56,000 gross square feet on the first floor, with an office mezzanine area on the second floor of approximately 23,000 gross square feet. The building would be constructed on the vacant Parcel M of the Raymond L. Flynn Marine Park, located at 3 Dolphin Way. The proponents have filed a Letter of Intent (LOI) with the Boston Planning & Development Agency (BPDA) to construct the proposed facility and anticipate filing a Project Notification Form (PNF) for the project upon completion of negotiations with the BPDA, Parcel M’s owner, for a ground lease.

Newly built 55 Seaport offices sold for $23.5 million, setting new Seaport District price per square foot record

Boston Global Investors has sold 55 Seaport Boulevard, a new-construction 13,550-square-foot office building in the Seaport District home to the firm's headquarters, to Zurich Alternative Asset Management for $23.5 million. The sale amounts to approximately $1,734 per square foot, topping the $1,027 per square foot paid by Union Investment in April 2016 to acquire the 440,000-square-foot 101 Seaport and setting the new record for most expensive price per square foot sale of a Seaport District office building.

55 Seaport Boulevard features approximately 7,175 square feet of office space, occupied by Boston Global Investors, and approximately 6,375 square feet of retail space, occupied by CapitalOne. Boston Global Investors listed 55 Seaport Boulevard for sale in October 2016 through Newmark Knight Frank. The building was completed in Fall 2016.

Boston’s newest luxury nightclubs open at The Benjamin in Seaport District

The Grand and Scorpion Bar, two exciting new nightclubs spearheaded by local nightlife venue proponent Big Night Entertainment Group, have opened on the ground floor of The Benjamin new-construction apartments in the Seaport District, the latest development in the Seaport’s transformation into Boston’s hottest nightlife destination. The Grand opened Wednesday night with a sold-out show headlined by EDM artist Hardwell, and will host two more opening shows Friday and Sunday nights featuring R3HAB and Steve Aoki, respectively. Scorpion Bar will host its’ opening party tonight, featuring former Kiss 108 radio personality DJ Costa.

The Grand meshes glamour, sophistication and high energy, featuring an expansive dance floor, an open glass staircase, custom marble tables, hand-blown glass chandeliers and a 70-foot LED wall. The club will provide a full VIP experience, with stadium VIP bottle seating and VIP bars. The Grand will operate Friday, Saturday and Sunday nights from 10 PM to 2 AM, and will be available for events all week long. Scorpion Bar will be a unique blend of a traditional Mexican tequila cantina and a rock bar, with a Mexican-inspired food and cocktail menu including over 100 tequilas and scorpion dancing. The venue will be open daily from 12 PM to 10 PM, with the bar open Sunday to Wednesday from 12 PM to 12 AM and Thursday to Saturday from 12 PM to 2 AM.

Big Night Entertainment Group, proponent of The Grand and Scorpion Bar, also owns and operates nightlife venue Empire Restaurant & Lounge across from The Benjamin on the ground floor of One Marina Park Drive, and will open a new venue in the first phase of The Hub on Causeway in Bulfinch Triangle, which is on schedule for completion in late 2018. The Grand and Scorpion Bar help fill the void left in Boston’s club scene by the closing of Big Night Entertainment Group’s The Estate, a mega-nightclub located in the Theater District, in 2015. Other retail now open at The Benjamin and its’ sister building VIA’s 250,000 square feet of retail includes fitness center Equinox, Seaport Barbers and men’s clothing store Bonobos. A third nightlife venue, Kings Dining & Entertainment, will open on the ground floor of VIA this coming Monday, October 30th. The two buildings feature a total of 832 luxury apartment residences. The following is a rendering of The Grand and Scorpion Bar at The Benjamin:

Boston Global Investors selling Seaport headquarters to Zurich Alternative Asset Management for $23 million

Boston Global Investors will reportedly sell its' newly built 13,500-square-foot headquarters building at 55 Seaport Boulevard in the Seaport District to Zurich Alternative Asset Management for almost $23 million. Per a report by The Real Reporter, the building’s location, combined with its' triple-net leases with a weighted-average lease term of almost 10 years, created intense competition for the building. The sale, which has yet to close, would top $1,700 per square foot, higher than the record $1,027 per square foot Union Investment paid in April 2016 to acquire the 440,000-square-foot 101 Seaport office and retail building in the Seaport District. 101 Seaport's sale price was $452 million; the transaction currently holds the title of most expensive price per square foot sale of a Seaport District office building.

Tenants at 55 Seaport Boulevard include CapitalOne, who has leased the building's 6,375-square-foot retail space for 15 years, and Boston Global Investors, whose headquarters occupies the building's 7,175 square feet of office space. CapitalOne is reportedly paying above $133 per square foot in rent; Boston Global Investors is reportedly on a five-year pact averaging $40 per square foot. Boston Global Investors listed 55 Seaport Boulevard for sale in October 2016 through Newmark Knight Frank. The building was completed in Fall 2016.

Treviicos constructs slurry wall foundation of The Benjamin & VIA, newly opened Seaport District landmark development

Locally-based ground improvement expert Treviicos played an instrumental part in the recent completion of The Benjamin & VIA, two exclusive mixed-use towers in Boston's Seaport District featuring 832 modern apartment residences and 250,000 square feet of retail, constructing the building’s below-grade slurry wall foundation. Treviicos constructed a 1,552-foot-long, 86,500-square-foot reinforced concrete slurry wall along The Benjamin & VIA’s perimeter, which serves as the development’s foundation wall. The Benjamin & VIA’s location just steps from Boston Harbor presented significant geotechnical challenges, including persistent groundwater presence and unstable soil conditions, that Treviicos was able to expertly navigate, constructing a strong, 30-foot-thick wall using over 800 tons of steel, 8,800 cubic yards of concrete and 1,000 embedded steel plates connected with beams and girders in order to provide structural support.

The Benjamin & VIA’s slurry wall consists of 72 concrete panels and has an average depth of 55 feet, enclosing three below-grade parking levels containing 775 vehicle spaces that are now open to both building residents and the public. Apartment move-ins at The Benjamin & VIA began this summer, and multiple retailers will open this Fall, starting with an Equinox fitness center due to open October 17th. The latest information about The Benjamin & VIA apartments and retail is posted above. The following are photographs of Treviicos at work at The Benjamin & VIA:

Innovative The Benjamin & VIA residences in Seaport District now open, new retail offerings revealed

The Benjamin & VIA, two exclusive new mixed-use towers located in the heart of the Seaport District featuring 832 modern apartment residences and 250,000 square feet of retail, are now open. Spanning 1.5 million square feet, the $650 million development is Boston’s largest mixed-use project in over 30 years. Luxury apartments ranging from studios to three-bedroom penthouses are now available for lease.

Retail at The Benjamin & VIA will open from late this Summer to early this Fall. Newly confirmed retailers include men's clothing store Bonobos, Italian coffee house Caffe Nero, outdoor outfitter Filson, clothing and outdoor gear store L.L. Bean, athletic apparel retailer Lululemon, men's clothing retailer Mr. Sid, and eyeglass retailer Warby Parker. Additional retailers will include fitness and lifestyle leader Equinox, Mexican tequila cantina rock bar Scorpion Bar & Restaurant and destination nightclub The Grand, bowling experience center Kings Bowl, chic restaurant and full bar Lobby Lounge, artisan Italian restaurant and marketplace Tuscan Italian Kitchen & Market, movie theater Showplace ICON Theatre and high-energy steakhouse STK®.

“We are thrilled to be part of such an incredible transformation taking place here in the Seaport, said Heather Boujoulian, Senior Vice President and Director of Development Investment Management at The Benjamin & VIA co-developer Berkshire Group, in a prepared statement. “From the exciting restaurants and retail stores to the recent opening of the church and the developing streetscape, our residents have access to everything right at their doorstep.” Newly revealed graphics of The Benjamin & VIA, in addition to the latest project information, are posted above.

The Benjamin in Seaport District welcomes first residents, retail openings at Benjamin & VIA expected by Fall

The Benjamin, a new 354-unit apartment community in the Seaport District, is now open and welcomed its’ first residents earlier this month. The first move-ins at VIA, The Benjamin’s 478-unit sister building, will take place this Summer. Exterior facades of both buildings are now complete, and finishing touches on VIA’s interior as well as the Benjamin & VIA development’s 250,000 square feet of exclusive street-level retail are now underway. Retail at The Benjamin will include fitness and lifestyle leader Equinox, Mexican tequila cantina rock bar Scorpion Bar & Restaurant and destination nightclub The Grand. At VIA will be bowling experience center Kings Bowl, chic restaurant and full bar Lobby Lounge, artisan Italian restaurant and marketplace Tuscan Italian Kitchen & Market, movie theater Showplace ICON Theatre and high-energy steakhouse STK®. Boston’s largest mixed-use development in over 30 years, The Benjamin & VIA features 832 total apartment residences across two new buildings, in addition to retail, and encompasses 1.5 million square feet of space. The following are photographs of The Benjamin & The VIA:

Yotel Boston construction complete, hotel will open this Thursday in Seaport District

Construction is complete at the new Yotel Boston hotel in the Seaport District, which will open this Thursday, June 22nd with a host of new nightlife options. Yotel Boston features 326 rooms targeted towards business travelers, in addition to a year-round, indoor-outdoor Sky Lounge rooftop terrace and bar with sweeping skyline views and a ground-floor Club Lounge with co-working, meeting and dining space. Both lounges will be open to the public. The following are photographs of Yotel Boston:

Archdiocese, WS Development swap Seaport District chapels, investing $25 million in neighborhood

The Archdiocese of Boston and WS Development have swapped ownership of the old and new Our Lady of Good Voyage Chapels in the Seaport District, allowing for development of the old chapel site on Northern Avenue and ensuring the chapel’s continued presence in the Seaport District with the newly completed Seaport Boulevard house of worship. The swap represents a total investment of nearly $25 million in the Seaport District. WS Development acquired the 0.85-acre Northern Avenue site from the Archdiocese for $17,952,490, or $21,120,576.50 per acre. The Northern Avenue chapel will be demolished in the coming months to make way for a 499,400 square foot mixed-use building featuring 425,000 square feet of office/research space atop 69,400 square feet of retail, 4,000 square feet of cultural/educational space and underground parking. The Archdiocese acquired the 6,200 square foot new chapel from WS Development for $6,952,490, or $1,121.37 per square foot. The new chapel will officially open this Sunday (April 23rd, 2017).

Facade complete at Yotel Boston in Seaport District, interior fit out underway

Yotel Boston’s 12-story facade is fully installed, with all brick finishes, metal finish panels and windows installed. Interior fit out is now underway in anticipation of the hotel’s August 1st opening. Yotel Boston will feature 326 hotel rooms ideally suited for business travelers, as well as amenities including a ground-floor Club Lounge and a 12th floor indoor-outdoor roof terrace featuring stunning panoramic skyline views of the city. The following are photographs of Yotel Boston:

New Our Lady of Good Voyage Chapel in Seaport District opening this month

The new Our Lady of Good Voyage Chapel in the Seaport District is finished and will open this month on St. George’s Day (Sunday, April 23rd). The new 250-seat chapel, located at 51 Seaport Boulevard, will replace the current chapel on Seaport Square Block D, freeing the approximately 0.85-acre parcel for development and ensuring the presence of a place of worship in the Seaport District for years to come.

Following the new chapel’s opening, the former chapel will be demolished to make way for future development. The most recent preliminary development plans for Block D, detailed in proponent WS Development’s Notice of Project Change (NPC) for Seaport Square submitted to the Boston Planning & Development Agency (BPDA) in February 2017, call for a 499,400 square foot mixed-use building featuring 425,000 square feet of office/research space atop 69,400 square feet of retail, 4,000 square feet of cultural/educational space and underground parking. In conjunction with Block D’s development, a new head house for the Silver Line rapid transit service will be constructed at the corner of Seaport Boulevard and Seaport Common with direct visual and pedestrian access to Boston Harbor, promoting public access to the waterfront. A new street connecting Seaport Boulevard and Northern Avenue, Pier Street, will also be constructed. Completion of the Block D development is expected in 2020. Detailed plans and renderings for this development have not yet been revealed.

The following are photographs of the new Our Lady of Good Voyage Chapel:

Seaport District's Yotel Boston set to open August 1st, new details and renderings revealed

The brand-new Yotel Boston hotel in the heart of the Seaport District is now taking room reservations beginning August 1st ahead of the hotel's anticipated summer opening. Additionally, the Yotel Boston team has announced that "craft cocktails, local beer [and] fabulous wines" will be served at the hotel's 12th floor Sky Lounge and Rooftop Terrace, which will be open year round to both guests and the public. "Rooftop wellness classes, live music and arts collaborations" will also be offered on the 12th floor. New renderings of Yotel Boston's interior amenities have been revealed; these renderings are posted above.

Fit out underway for Tuscan Kitchen’s new Seaport District location at The Benjamin & VIA

Premier Italian restaurant and food retailer Tuscan Kitchen & Market has commenced interior fit out work for its’ upcoming Seaport District location, which will open Fall 2017 at The Benjamin & VIA. The 2-story, 14,500 square foot space, which will be located at VIA’s base with a private entrance on Seaport Boulevard, will feature seating for 300 people as well as a full wine bar with over 6,000 exquisite wines. Tuscan’s new location will be enclosed with glass and will feature sweeping skyline views. “We’re very excited about [our new location] and thrilled to be collaborating with one of the coolest developments in Boston,” said Tuscan owner Joe Faro in an interview with Bostinno. “[The Benjamin & VIA] has the right setup with the right tenants and the right mixture of uses, and it’s something the [Seaport District] doesn’t have yet.” The following are exterior and interior renderings of Tuscan Kitchen’s upcoming Seaport District location:

New Yotel Boston amenity details revealed

New details of amenities at the upcoming Yotel Boston have been revealed in advance of the Seaport District hotel's opening this summer. Yotel Boston will feature multiple amenities including a signature ground-floor Club Lounge and a year-round indoor-outdoor rooftop terrace. Rooms at Yotel Boston will feature adjustable SmartBeds, rejuvenating monsoon rain showers and relaxing adjustable mood lighting. A new rendering has been released of a room at Yotel Boston. The latest Yotel Boston details and renderings are posted above.

The Benjamin & VIA near full exterior completion and summer opening

The Benjamin’s exterior façade is fully installed, and exterior finishes are installed along almost the entire façade of VIA. Residential and retail interior fit out is well underway at both Seaport District buildings, which together are Boston’s largest mixed-use project in over 30 years. A number of residential units at The Benjamin are plastered, and interior framing is well underway at VIA. The Benjamin is expected to open in early summer, with VIA to follow later this summer. Both buildings will encompass 1.5 million square feet of space across three acres, featuring a total of 832 modern apartment homes and 250,000 square feet of exclusive retail. The following are photographs of The Benjamin & VIA:

Yotel Boston facade nears full completion, interior finishing underway

Yotel Boston's brick and metal facade is complete facing Seaport Boulevard, and just about fully complete at the building's rear. Windows have been fully installed across Yotel Boston's facade. Interior finishing of Yotel Boston’s common spaces and 326 "cabins” is now underway. Yotel "cabins" are approximately 180 square feet in size and are positioned as an affordable option for business travelers. Yotel Boston is on track to open this summer. The following are photographs of Yotel Boston:

New The Benjamin & VIA details and renderings revealed

The Benjamin & VIA co-developer Berkshire Group has revealed new project details and renderings. Spanning 1.5 million square feet across three acres, The Benjamin & VIA is Boston’s largest mixed-use project in over 30 years. The latest project information can be found above.

The Benjamin is fully glassed in, and exterior finishes have been just about fully installed. Interior finishing of The Benjamin’s apartments is well underway, with framing of interior spaces complete. Exterior finishes have been installed along a large section of VIA’s facade, and interior space framing is underway. The following are photographs of The Benjamin & VIA:

CIM closes on Motor Mart Garage acquisition for $162.5 million

CIM Group closed yesterday (October 24th, 2016) on its' acquisition of the Motor Mart Garage in Bay Village for $162.5 million as recorded in the Suffolk County Registry of Deeds. Citibank provided $90,135,000 of financing towards CIM Group's acquisition.

CIM Group is based in Los Angeles and invests in parking garages as well as hotel, industrial and office space. The firm acquired 95 Berkeley in the South End in March 2016 for $43 million. The following is the deed for CIM Group's acquisition of the Motor Mart Garage:

Boston Global Investors selling new Seaport headquarters building

Boston Global Investors (BGI) has hired NGKF as the exclusive agent to sell its' 16,000 square foot new headquarters building located at 55 Seaport Boulevard in the heart of the Seaport District, The Real Reporter reports. The building, which contains office and retail space, reportedly could be fetching record prices. Recently completed 101 Seaport, a 440,000 square foot office building located in the Seaport District steps away from BGI's new headquarters, traded in April 2016 for $1,027 per square foot, the highest price per square foot ever recorded for a Boston office building over 200,000 square feet. As recently reported below, Boston Global Investors will move to its' new headquarters on November 1st.

New One Seaport Square video released

A new One Seaport Square video was released yesterday (October 20th, 2016) showing exclusive new perspectives of One Seaport Square, specifically views from the penthouse level of the upcoming Benjamin apartment tower. The Benjamin, facing Fort Point Channel, is expected to unveil in 2017 and will feature sweeping views of the Boston skyline and Boston Harbor. The following is the new video:

One Seaport Square nearly fully glassed in

The Benjamin at One Seaport Square is one story away from being fully glassed in. Plastering and interior finishing are well underway inside The Benjamin's future residences. Glass and exterior finish panels have been installed along nearly half of VIA’s facade, and concrete has been poured on nearly all of VIA’s floors. Both The Benjamin and VIA are anticipated to unveil in 2017. The following are photographs of One Seaport Square:

Yotel Boston exterior finishing underway, rooftop bar coming

Exterior finishes, which include bricks and metal panels, have been installed along a large section of Yotel Boston’s facade fronting Seaport Boulevard. Windows have been fully installed, including a distinctive vertical curtain wall at the building’s center. Fireproofing and moisture-resistant cladding are installed throughout Yotel Boston’s facade. Per the Yotel Boston Facebook page, the hotel will open Summer 2017 and will feature a rooftop bar. The following are photographs of Yotel Boston:

Our Lady of Good Voyage Chapel nears Easter opening

Exterior finishes are fully installed at Our Lady of Good Voyage Chapel, and interior finishing is underway. An anonymous source confirmed that the chapel is anticipated to open in April 2017 in time for Easter. The following are photographs of Our Lady of Good Voyage Chapel:

Boston Global Investors moving to new Seaport headquarters November 1st

Developer Boston Global Investors’ future headquarters building on Seaport Boulevard in the Seaport District is just about complete and ready for occupancy. Exterior finishes are fully installed along the four-story office building’s facade, and finishing of interior spaces is underway. An anonymous source confirmed that Boston Global Investors will move to the new building November 1st. The following are photographs of Boston Global Investors’ future headquarters:

VIA at One Seaport Square tops off

A topping-off ceremony was held for VIA, the second building at One Seaport Square, on Wednesday, July 20th, 2016. The ceremony marked the installation of the last steel beam of the two-building, $650 million, 1,500,000 square foot One Seaport Square development project. The following are photographs of the topped-off 20-story VIA:

VIA's final steel beam

VIA's topped off frame

View of VIA's topped off frame along Seaport Boulevard

View of VIA's topped off frame from Fort Point Channel Harborwalk

The Benjamin, One Seaport Square’s first building, topped off on Wednesday, March 23rd, 2016 at 22 stories tall. Together, the two buildings will contain 832 residential apartments and 250,000 square feet of retail located in the heart of Boston’s Seaport District. Retail options at One Seaport Square will include a Big Night Entertainment bar and nightclub, an Equinox Fitness gym, a Kings Bowl bowling alley, a ShowPlace ICON movie theater and a Tuscan Kitchen & Market neighborhood restaurant and market. Courthouse Square, a 17,000 square foot retail-lined open pedestrian plaza, will be located in between the two towers. The following are renderings of One Seaport Square:

View of The Benjamin (foreground) and VIA (background) of One Seaport Square

View of One Seaport Square (at right) along Seaport Boulevard towards Downtown Boston

Visit TheBenjaminSeaport.com and VIAseaport.com for more information about residential leasing at One Seaport Square; both buildings are anticipated to unveil in 2017. One Seaport Square residents will enjoy sweeping views of the Boston skyline and Boston Harbor. The following are photographs of views from the top of The Benjamin:

View of Downtown Boston

View of Downtown Boston

View of Boston Harbor

Concrete pouring is complete on each floor of The Benjamin and nearly every floor of VIA. Glass installation has almost reached the top floor of The Benjamin and is underway on the ground floor of VIA. Both buildings’ facades will be nearly fully comprised of glass. Balconies have been installed along The Benjamin’s facade, and installation of balconies is underway along VIA’s. The following are photographs of The Benjamin and VIA:

View of The Benjamin (foreground) and VIA (background) from Fort Point Channel Harborwalk

View of The Benjamin from Congress Street Bridge

View of VIA from top of The Benjamin

View of VIA from Seaport Boulevard; note glass installation underway at base

The following are photographs of The Benjamin's nearly-complete glass facade:

The Benjamin's glass facade from Northern Avenue

The Benjamin's glass facade from Northern Avenue

The Benjamin's glass facade from Seaport Boulevard

The Benjamin's glass facade from Sleeper Street

The Benjamin's glass facade from Sleeper Street

The Benjamin's glass facade from Sleeper Street

The following are photographs of Courthouse Square:

View of Courthouse Square towards Fort Point

View of Courthouse Square towards Boston Harbor

The following are street-level photographs of One Seaport Square:

View along Seaport Boulevard

View from Seaport Boulevard

View along Northern Avenue

View along Northern Avenue

Our Lady of Good Voyage Chapel exterior nearing completion, new cross installed

Our Lady of Good Voyage Chapel's exterior is nearing completion, with brick finishes and slate roofing just about fully installed. Windows are installed as well, and a cross was lifted to the steeple's top in June. Work is now underway to prepare the Chapel's interior. The chapel, located at the gateway to Boston's Seaport District, could be completed this summer, with a possible Christmas opening. The following are photographs of Our Lady of Good Voyage Chapel:

Chapel along Sleeper Street

Chapel along Seaport Boulevard

More information about Our Lady of Good Voyage Chapel is posted below.

CIM Group, recent buyer of 95 Berkeley, reportedly buying Motor Mart Garage for over $160 million

The Real Reporter reports that Los Angeles-based real estate investment firm CIM Group is buying the 1,037-parking-space Motor Mart Garage in Bay Village for upwards of $160 million. CIM Group has an extensive parking garage portfolio stretching across the United States. CIM Group also invests in hotel, industrial and office space and acquired 95 Berkeley in the South End in March 2016 for $43 million.

The Art Deco-designed Motor Mart Garage, completed in 1927 and restored in 1999, is located at 201 Stuart Street across from the Revere Hotel. The garage's ground floor is lined with existing retail tenants including Fleming's Prime Steakhouse & Wine Bar, Legal Sea Foods and Maggiano’s Little Italy. The garage, listed for sale in April 2016, reportedly attracted upwards of 20 bidders including CIM Group.

More information about Motor Mart Garage is posted below.

The Benjamin at One Seaport Square tops off

The Benjamin apartment tower at One Seaport Square topped off last week on Wednesday, March 23rd. A ceremony was held Wednesday in which the frame’s final beam, adorned with a pine tree, was lifted to the very top of the 22-story building:

   

Glass is being installed along The Benjamin’s facade fronting Northern Avenue. Glass installation has reached the building’s fourth story:

   

Accordingly, fireproofing and moisture/mold-resistant sheathing are actively being installed along The Benjamin’s lower floors:

Installation of balconies along The Benjamin’s facade has progressed significantly. Residents will enjoy sweeping views of the Boston skyline and Boston Harbor:

Per a recent update by John Hynes, Boston Global Investors' Managing Director, VIA, the second apartment tower at One Seaport Square, will top off within the next month:

   

The One Seaport Square project is on schedule for mid-2017 completion.

Updated photographs of One Seaport Square are posted above. More project information, including renderings, is posted below.

One Seaport Square's frame is well on its way to completion. Per a recent update by John Hynes, Boston Global Investors' Managing Director, The Benjamin will top off within the next three weeks. VIA will follow shortly afterwards, topping off within the next seven weeks.

Seaport Pavilion is now open to the public. The result is a wide outdoor space well suited for public enjoyment. Seaport Pavilion features breathtaking views of Boston Harbor out to the East Boston Waterfront. We are looking forward to Seaport Pavilion's full completion once the Northern Avenue Straightening project is complete. A new photograph of Seaport Pavilion is posted above.

Yotel Boston's foundation is nearly complete. Excavation has concluded, and concrete will soon be poured. The following is a photograph of the Yotel Boston construction site:

Exterior finish installation underway at Our Lady of Good Voyage Chapel

Exterior finish installation is underway at Our Lady of Good Voyage Chapel. Moisture-resistant cladding and fireproofing have been installed along much of the Chapel's completed steel frame. The future Chapel bell was installed in the future steeple on February 12th.

Chapel along Sleeper Street

Steeple

Chapel along Seaport Boulevard

Concrete has been poured on the pile caps of Block H Offices' foundation. With pile driving complete, excavation of Block H Offices' foundation is moving forward. The following is a photograph of Block H Offices:

In an update delivered today by Boston Global Investors Managing Director John Hynes at a Seaport Square Parcels M1 and M2 public meeting, it was announced that a CapitalOne 360 cafe and bank will occupy the ground-floor retail space at the Block H Offices building on Seaport Boulevard.

Pile driving and foundation work are moving forward at Boston Global Investors' new four-story office building on Seaport Square Parcel H in Boston's Seaport District. Boston Global Investors will relocate its' headquarters to the building once complete; Boston Global Investors is currently headquartered in Boston's Financial District. The building is located in between under-construction Yotel Seaport Boston and Our Lady of Good Voyage Chapel, both of which are also developed by Boston Global Investors.

   

With piles driven, construction is moving forward on Yotel Seaport Boston's foundation; digging is currently taking place. Yotel Seaport Boston's frame will rise above the foundation pictured and will also extend over the existing MBTA Silver Line transit station, towards recently-completed Watermark Seaport. Yotel Seaport Boston is an exciting addition to Boston's growing Seaport District, providing today's travelers and innovators with a unique, affordable place to stay in Boston's most innovative Seaport District.

   

Our Lady of Good Voyage Chapel frame nearing completion

The frame of Our Lady of Good Voyage Chapel is just about complete. Welding is wrapping up, and walls and finishes will follow shortly. Our Lady of Good Voyage Chapel brings added character to Boston's growing Seaport District, serving as a unique and distinctive gateway to the neighborhood. The under-construction Chapel is being built in place of the existing Our Lady of Good Voyage Chapel located on Seaport Square Parcel D, which will eventually be demolished to make room for additional development.

   

Construction starts at Our Lady of Good Voyage Chapel

Construction has started on the new Our Lady of Good Voyage Chapel in Boston's Seaport District, with initial excavation underway. The following is a photograph of the Chapel site:

The following is a link to more photographs by excavator The Welch Corporation.