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Total Square Footage 4,200,000
Total Dollar Volume $2,000,000,000.00

General

Established 2017
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Description

 

Carr Properties is a privately held, Washington D.C.-based real estate investment trust that controls over $2 billion in commercial office properties, including 23 aseets totalling 4.2 million square feet.

Updates

The HYM Investment Group
- Feb 22, 2019

Facade Install Begins for Residential Tower at Bulfinch Crossing

Facade install has started for the residential tower at Bulfinch Crossing. The elegant and unique "pin-striped" design for the tower was created by CBT Architects.

Bulfinch Crossing Facade 1

The 45 story tower will include 486 luxury homes, 368 rental apartments, and 55 condominiums.  Resident amenities will include a rooftop garden, sky lounge, a terrace with panoramic city views along with a fitness center and yoga studio.

Bulfinch Crossing Feb

The first units at Bulfinch Crossing are expected to welcome residents in Spring 2020.

 


AECOM Tishman
- Jan 23, 2019

State Street Announces New Boston Flagship Headquarters

State Street Corporation (NYSE: STT) announced today that in 2023, its new global headquarters in Boston will be One Congress Tower. To be located at Bulfinch Crossing – a major redevelopment project in downtown Boston which will create six new high-rise and mid-rise buildings – One Congress will break ground in the summer of 2019.

 

Designed by Pelli Clarke Pelli Architects, One Congress will have many attractive design and infrastructure features and will enable State Street to lower overall operating and occupancy costs and offer employees a working environment that will foster increased collaboration and productivity. As with State Street’s Channel Center offices, the building will be LEED (Leadership in Energy and Environmental Design) Gold® certified – an independent standard that verifies sustainable building design.

“State Street has called Boston home for 226 years, and today’s announcement reinforces our continued commitment to this thriving and distinctive city,” said Ron O’Hanley, president and chief executive officer of State Street. “The workforce of the future is pushing us to rethink how and where we operate. Employees in today’s highly digitized world need space to collaborate and access state-of-the-art technology that supports flexible working and connectivity to support our clients. We have seen great success with our Channel Center building in the Seaport that was designed for this purpose, and we are confident that One Congress will deliver an equally productive and successful environment.”

State Street’s building at One Channel Center in Boston’s Seaport, opened in 2014, is not impacted by this relocation with a long-term lease until 2030.


The HYM Investment Group
- Dec 07, 2018

Permit Pulled for Additional Demo of Government Center Garage

As construction continues on the residential tower at Bulfinch Crossing a new permit has been issued for further demolition of the garage. This next phase will demo an 8-story parking ramp and also 2 floors of office space that sit on top of the garage.

When all phases of Bulfinch Crossing are complete the project will total 2.9-million-square-foot of mixed-use space spread over six buildings. All the buildings will be situated around a dynamic public plaza that will connect the Bulfinch Triangle neighborhood, the Rose Fitzgerald Kennedy Greenway and Congress Street.

Construction on the first phase, the residential tower is set to be complete in spring 2020.


The HYM Investment Group
- Nov 16, 2018

Plumbing Permit Issued for Residential Tower at Bulfinch Crossing

A plumbing permit has been issued for the Residential Tower at Bulfinch Crossing.  The 45 story tower will feature 423 unit residential units ( a mix of apartments and condos). Luxury resident amenities will include a 9th-floor outdoor pool deck, 32nd-floor sky lounge, and top floor roof deck. First units at the project are set to be available in spring 2020.

 

 


Carr Properties
- Nov 07, 2018

200 State Street Acquired for $222 Million

Carr Properties has acquired the building at 200 State Street in Boston, MA for $222 million.

The property features a 304,178 square foot Class A office building that was constructed in 1985. The 16 story structure sits on a 2-acre parcel and is located a short distance from rapid transit, parking and harbor shuttle to Logan Airport.


The HYM Investment Group
- Nov 06, 2018

Framing Begins for Residential Tower at Bulfinch Crossing

Framing has started for the 480-foot Residential Tower at Bulfinch Crossing.  This first phase of the development will feature 368 rental apartments and 55 condominiums.  The luxury building will offer resident amenities including a rooftop lounge and gardens. The first units are expected to be available in Spring 2020.
The second phase of the project a 1-million-square-foot Class A office building known as One Congress is expected to be complete in 2023.

Bulfinch_Crossing_november


The HYM Investment Group
- Aug 30, 2018

Interior Core Climbing for Residential Tower at Bulfinch Crossing

Foundation work is wrapping up on the upcoming 423 unit residential tower at Bulfinch Crossing.  The core of the structure is rising for what will consist of 368 apartment units and 55 for-sale condominiums on the top eleven floors. Amenities at this luxury building will include a state-of-the-art fitness facility, 9th-floor outdoor pool and pool deck, 32nd-floor sky lounge with sky terrace, 45th-floor roof deck, chef demonstration kitchen & dining room, children’s playroom, golf simulator, resident lounge/game room and dog spa.  Representatives at HYM confirmed the building is on track for delivery of first units in spring 2020 with condo units to follow in early fall of that year.

 

Bulfinch 1


Bulfinch Crossing
- Jun 20, 2018

Electrical Permit Issued For Bulfinch Crossing Development

An electrical permit has been issued for 100 Sudbury Street, the west parcel of the project that will include a 45-story, 480-foot-tall luxury residential apartment building. This is the first structure built and will feature 368 apartments and 55 condominiums for a total of 423 residences. 

The building will replace the existing government center garage. with a total construction gross of 610 000 square-feet. The structure will consist of concrete core columns and post tension slabs. The exterior envelope will consist of glass and metal panel curtain-wall with a TPO membrane roof.

All of the future buildings will be organized around a dynamic public plaza that will connect the Bulfinch Triangle neighborhood, the Rose Fitzgerald Kennedy Greenway and Congress Street.


Bulfinch Crossing
- Mar 18, 2018

Building permits have been filed for 100 Sudbury street, the west parcel of the project that will include a 45-story, 480-foot-tall luxury residential apartment building. This will be the first structure built and will feature  368 apartments and 55 condominiums for a total of 423 residences. The structure will replace the existing government center garage. with a total construction gross of 610 000 square feet. The structure will consist of concrete core columns and post tension slabs. The exterior envelope will consist of glass and metal panel curtain-wall with a TPO membrane roof.

All of the future buildings will be organized around a dynamic public plaza that will connect the Bulfinch Triangle neighborhood, the Rose Fitzgerald Kennedy Greenway and Congress Street.


Bulfinch Crossing
- Jan 09, 2018

$250 million construction loan secured for Bulfinch Crossing Phase I residential tower


The HYM Investment Group and National Real Estate Advisors have secured $250 million in construction financing for 100 Sudbury Street, an under-construction 46-story residential tower that is the first phase of Downtown Boston’s $2 billion, 2.9-million-square-foot Bulfinch Crossing development. The 15-year loan was arranged by Holliday Fenoglio Fowler, L.P. (HFF) through Pacific Life Insurance Company and will allow the 480-foot-tall tower, which will feature 368 apartments and 55 condominiums, to rise. The loan follows a $180 million short-term, floating-rate loan secured for the Government Center Garage property, which Bulfinch Crossing will replace, last summer. The $180 million loan was provided through Oxford Properties Group and arranged by HFF.


Demolition of the garage section located at 100 Sudbury Street, which the tower will replace, was recently completed. Work on the tower’s foundation is now underway. The tower will feature amenities including an outdoor pool, three roof decks, a fitness center and yoga studio, a clubroom, a children’s playroom, a golf simulator room, a full chef’s kitchen and an outdoor dog run and dog spa. The tower is expected to open in 2020.


Bulfinch Crossing
- Aug 11, 2017

HYM receives approval to add condominium component to Bulfinch Crossing Phase I apartment tower


The Boston Planning & Development Agency (BPDA) approved The HYM Investment Group’s proposal to add a condominium component to its' upcoming 45-story apartment tower that will be Phase I of the 2.9-million-square-foot Bulfinch Crossing mixed-use development in Bulfinch Triangle. HYM will convert 118 apartments across the top 11 floors of the tower into 55 condominiums, reducing total residences in the tower to 423 from 486 as originally approved. As part of the change, the tower’s 1,300-square-foot ground-floor retail space will be converted into a private lobby for the condominiums. 63 apartments in the tower will be designated affordable. Demolition of a section of the existing Government Center Garage along New Sudbury Street is now underway in order to commence construction of the tower, which is expected to open in 2020.


Bulfinch Crossing
- Jul 22, 2017

Bulfinch Crossing Phase I apartment tower adds condominium component


The HYM Investment Group is now proposing to add a condominium component to its' upcoming 45-story apartment tower that will be Phase I of the 2.9-million-square-foot Bulfinch Crossing mixed-use development in Bulfinch Triangle. HYM proposes to convert 118 apartments across the top 11 floors of the tower into 55 condominiums, echoing the Boston condominium market's high demand. "It's pretty straightforward. We want to adjust to the market," said HYM Managing Director Thomas O'Brien in an interview with The Boston Globe. The tower, originally planned to feature 486 apartments, would now feature 368 apartments and 55 condominiums for a total of 423 residences. As part of the proposed change, the building's 1,300-square-foot ground-floor retail space would be converted into a private lobby for the condominiums. HYM has filed revised project plans with the Boston Planning & Development Agency (BPDA) formally proposing the change. The tower, which will replace a section of the existing Government Center Garage along New Sudbury Street, is expected to open in 2020.


Bulfinch Crossing
- Jun 08, 2017

$180 million loan secured for Boston’s Bulfinch Crossing development


The HYM Investment Group and National Real Estate Advisors have secured a $180 million short-term, floating-rate loan for the Government Center Garage property, site of the 2.9-million-square-foot Bulfinch Crossing mixed-use development project. Financing was provided through Oxford Properties Group and arranged by HFF. “Over the next 10 years, the property will be the location of one of the largest and most exciting mixed-use developments in Boston, while providing unprecedented demand for parking,” said HFF Senior Managing Director Riaz Cassum in a prepared statement. “This financing represents the first step in a long-term development plan and the formation of a strategic lending relationship.”


The Bulfinch Crossing development will construct 800+ residences, 200 hotel rooms, 1.15 million gross square feet of office space and 82,500 gross square feet of retail space at the present garage site. The development’s first phase, a 45-story rental apartment tower featuring 486 residential units, is currently under construction. The existing 11-story Government Center Garage, which is actively being dismantled, comprises 1,960 parking space underneath 202,854 square feet of office space. Retail space totaling 23,212 square feet is located on the Garage’s ground floor.


Bulfinch Crossing
- Apr 23, 2017

Garage deconstruction underway at Bulfinch Crossing


Dismantling of the west corner of the existing Government Center Garage along New Sudbury Street is well underway to make way for the 2.9 million square foot development’s first phase, a 45-story rental apartment tower featuring 486 residential units. The top two floors of the existing structure, which consist of steel framed office space, have been been fully dismantled at the west corner, and dismantling of the precast concrete parking levels below has begun. The garage remains in operation during construction. The following are photographs of Bulfinch Crossing:


Bulfinch Crossing Photos


Bulfinch Crossing
- Jan 24, 2017

Bulfinch Crossing construction launches officially, new video released


An official construction launch was held Tuesday (January 24th, 2017) to kick off construction of Bulfinch Crossing's first phase, a 45-story rental apartment tower featuring 486 residential units. At the launch, Boston Mayor Martin J. Walsh, City officials and members of the Bulfinch Crossing development team ceremonially swung sledgehammers to officially mark commencement of the Government Center Garage's demolition to make way for the Phase 1 tower. A new video of Bulfinch Crossing, which is posted above, was also released at the launch.


Initial demolition work at Bulfinch Crossing commenced in December 2016. Vertical construction of the Phase 1 tower is expected to start in late Spring 2017, with completion expected in late Spring 2020. Upon completion, the tower will be Boston's tallest rental apartment building. The following is a photograph of demolition underway at Bulfinch Crossing:


Bulfinch-Crossing-Launch


Bulfinch Crossing
- Jan 10, 2017

Bulfinch Crossing garage demolition underway


Demolition of the Government Center Garage is well underway in preparation for construction of Bulfinch Crossing’s 45-story Phase One residential apartment tower. The construction team is hard at work using a Brokk machine to demolish interior precast concrete beams, then using a concrete processor to break the concrete into smaller pieces for removal. The garage has been structurally enabled and reconfigured to allow for demolition to construct Bulfinch Crossing. Upon completion of Bulfinch Crossing, a small retained section of the garage will be surrounded by three new towers. A total of six new buildings will be constructed at Bulfinch Crossing. The following is a video of demolition underway at Bulfinch Crossing:



Bulfinch Crossing
- Nov 09, 2016

Bulfinch Crossing existing garage enabling and re-ramping underway


The Bulfinch Crossing construction team is at work enabling and re-ramping the existing Government Center Garage in preparation for the $2.2 billion, 2.9 million square foot Bulfinch Crossing development project. As part of the project, the garage will be reconfigured, partially demolished and enclosed on its three principal sides by three new buildings. The following is a photograph of garage enabling and re-ramping underway at Bulfinch Crossing, courtesy the development team on Twitter:



Bulfinch Crossing
- Nov 06, 2016

HYM releases Bulfinch Crossing apartment tower view panorama


The HYM Investment Group has released a drone view panorama of the view from the top floors of the future 45-story Bullfinch Crossing apartment tower. The tower will feature stunning views of the Downtown Boston skyline, the Charles River and Boston Harbor. The following is a tweet with the view panorama:



Bulfinch Crossing
- Oct 27, 2016

Bulfinch Crossing garage demolition underway


The HYM Investment Group reports that it has started demolishing a section of the existing Government Center Garage to make way for a 45-story high-rise luxury apartment tower along New Sudbury Street. The tower is the first component of the 2.9 million square foot Bulfinch Crossing development:


Bulfinch-Crossing-Boston


Bulfinch Crossing
- Jun 21, 2016

Bulfinch Crossing: New face for Government Center Garage project


At Bisnow's Future of Downtown Boston panel Tuesday, The HYM Investment Group Managing Director Tom O'Brien announced the Government Center Garage project's rebranding as Bulfinch Crossing. The rebranding pays homage to the Bulfinch Triangle neighborhood's rich history and speaks to the project's emphasis upon urban connectivity. The following is a link to the official press release announcing the rebranding. The office tower at Bulfinch Crossing will be known as One Congress.


A new website for Bulfinch Crossing with additional information is now live at BulfinchCrossing.com. A new project rendering and logo have been released as follows:


HYM_BulfinchCrossing_Aerial_Close_Prefinal
New rendering showing full project buildout


13502020_1731105917164483_4989882740281393142_n
New logo


Bisnow reports that traffic flow reconfiguration of the existing garage is underway to prepare for construction of Bulfinch Crossing. The following is a photograph showing associated deconstruction of a garage ramp:


576a0bc609123_T_removal_bulfinch
Garage ramp deconstruction underway (Source: Bisnow/The HYM Investment Group)


More information about Bulfinch Crossing is posted below.


Bulfinch Crossing
- Jan 15, 2016

Phase One of Government Center Garage project approved for construction


The Boston Redevelopment Authority approved Phase One of the Government Center Garage project, developed by The HYM Investment Group, for construction. Phase One consists of two buildings. The first building, a 486-unit high-rise apartment tower along New Sudbury Street, is expected to break ground in spring 2016. A commercial tower, also approved, will commence construction upon commitment by a major tenant. (Source: The HYM Investment Group Press Release)

BRA board approves first phases of Gov't Center Garage redev (residential/office towers). https://t.co/xnAsO0gIU9 pic.twitter.com/Lt91ig8UPu

— BRA (@BostonRedevelop) January 15, 2016

With @BostonRevelop approval, we’re ready to start construction on the apartments this spring! pic.twitter.com/N9BufpxsXj

— RedevGovGarage (@RedevGovGarage) January 15, 2016


Bulfinch Crossing
- Nov 17, 2015

New renderings released for Phase One of Government Center Garage


New renderings of Phase One of the Government Center Garage project were released today along with Expanded Project Notification Forms (EPNFs) for Phase One's two proposed buildings. Approved by the Boston Redevelopment Authority in 2013, the project is currently undergoing design review. The development team hopes to start construction in 2016.

The first building would be a 480-foot tall, 45-story building with 486 residential units, in addition to ground-floor retail, designed by CBT Architects. Next would be a 528-foot tall office tower designed by CBT and Pelli Clarke Pelli. As part of the multi-phased project, six buildings will be built on the site of the existing Government Center Garage. Sections of the parking garage will be demolished to make way for the buildings; part of the garage will be preserved.


The following is a graphic showing full buildout of the Government Center Garage project:


Bulfinch-Crossing-Government-Center-Garage-One-Congress-Street-The-HYM-Investment-Group-National-Real-Estate-Development-Demolition-Project-Boston-Residential-Retail-Office
Full multi-phased buildout


The following are renderings of Phase One of the Government Center Garage project:


Screen Shot 2016-06-22 at 105843 AM
Residential tower


Screen Shot 2016-06-22 at 110005 AM
Office tower


Screen Shot 2016-06-22 at 110031 AM
View of towers along skyline

The following are links to the EPNFs for the residential and office towers.


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