Dec 17, 2019
CO Issued for GE Office in Fort Point
A certificate of occupancy has been issued for the base building core and shell plus the office space on floors 1 through 6 at 5 Necco Court in Fort Point. The historic brick and beam buildings have been fully renovated and will now be home to around 250 GE employees.
Nov 14, 2019
NPC Filed for Innovation Point
With construction wrapping up on the renovations to the historic buildings at 5 Necco Court, Alexandria Real Estate Equities & National Development have filed a Notice of Project Change for the new construction building slated to be included in the Innovation Point Project. The updated plans call still call for a 12-story building however total square footage has increased to approximately 316,000 designed for multi-tenant office/life sciences/r&d uses. The building would also include active ground floor uses, such as retail and restaurant spaces. Because of the Project Site's proximity to public transit and nearby public parking facilities, the new building is not proposed to include any underground parking. Per the filing, the development team plans to begin construction on 15 Necco St. in the third quarter of 2020.
Sep 16, 2019
Construction Nearly Complete for GE’s Renovation at Necco Court
Months after scrapping plans for a larger tower on the site, GE is wrapping up construction on renovations to the historic buildings on Necco Court. After deciding not to move forward with the new construction aspect of the project GE sold the site to Alexandria Real Estate and signed a 12-year lease for the warehouse buildings. The 100+-year-old brick and beam warehouses are currently being fully renovated and will include a bistro and modern office space for around 250 GE employees.
As part of the project the Necco Court bridge is being restored with half of the bridge’s facade being replaced with new metal, while the side facing the Fort Point Channel will be replaced with glass. Gensler is the architect on the project and Eversource provided energy efficiency solutions. Eversource is supporting a number of energy-efficient building elements in this project with incentive dollars, including energy-efficient lighting and lighting controls, high performing chillers, pumps, windows, walls and roof materials with high insulating values. Construction is expected to wrap up in the coming months.
Feb 11, 2019
Renovation Moves Forward at Innovation Point as GE Scraps Plans for New Tower
Renovations of two historic buildings in Fort Point continue as GE announces it will scrap plans for the second phase of the project, a new 12-story tower. Instead of the original 800 person campus, GE’s headquarters now will have about 250 employees in the two refurbished buildings. GE plans to lease the buildings, after selling them and the adjacent land for the tower jointly with the state to recoup the $25 million tax incentive received from the city.
At the site currently, structural steel for the glass enclosure connecting the two buildings has been erected and window install is ongoing. The crane on site is supporting the erection of the structural steel for the roof and the new 6th floor on the west building. Rough-in of interior walls and interior masonry restoration is also underway in both buildings. Construction is set to be complete by the middle of this year.
Jan 09, 2019
Serenity Apartments Acquired for $123.25 Million
Oxford Properties Group has acquired the property at 101 South Huntington Ave in Boston, MA for $123.25 million.
The property features a mixed-use building that sits on a long-vacant Mission Hill parcel. Serenity features 195 apartments including studios, one-bedrooms, two-bedrooms, and three bedrooms. 24 residences overlooking Olmsted Park feature private elevator access. A 2,100 square foot retail space fronts South Huntington Avenue. Amenities at Serenity include a swimming pool, a fitness center, and a green roof deck. Underground parking is located on site for 100 cars.
Oct 10, 2018
Renovations Continue for GE's Future Headquarters in Fort Point
Renovations of two historic brick warehouse building at 5 & 6 Necco Court continue for GE's new Headquarters, Innovation Point. In addition to restoring the warehouse buildings, the project will include a new 12-story 293,000 square foot building and 1.5 acres of public space. All three buildings will be connected by a pedestrian walkway and the project will also extend Boston's Harborwalk.
The first phase of the project, the renovations, are expected to be complete in the first half of 2019. Completion of Phase Two, construction of the new building by Suffolk Construction and creation of new public open space along Fort Point Channel, is expected in mid-2021.
Aug 10, 2018
Phase I Construction Continues at Innovation Point
Construction continues at GE’s future headquarters in Fort Point. The project is being completed 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.
Dec 30, 2017
Skanska sells ownership stake in Watermark Seaport luxury apartments for about $60 million
Skanska, in partnership with project co-developer Twining Properties, has announced the sale of its’ Watermark Seaport luxury apartment tower in the Seaport District to CLPF Residences at Seaport LLC. The sale of Skanska’s equity ownership in the development, 42.75%, will reportedly amount to about $60 million. The transfer of ownership of Watermark Seaport to CLPF will reportedly occur in the first quarter of 2018.
The 17-story Watermark Seaport was completed in the first quarter of 2016 and features 346 luxurious apartment residences, including 65 lofts in a six-story building adjacent to the main tower. Watermark Seaport, which is LEED Gold sustainability certified, also includes 25,000 square feet of ground-floor retail, including an 11,590-square-foot CVS Pharmacy and multiple dining options. Resident amenities at Watermark Seaport include a roof deck with views of the Financial District and Boston Harbor, a wellness studio, a resident lounge, an innovation lab and underground parking.
Aug 10, 2017
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.
Jun 14, 2017
Construction complete at Serenity Apartments, new Mission Hill luxury residences now leasing
Construction is complete at Serenity Apartments, a new 15-story luxury tower in Mission Hill featuring 195 distinctive residences now leasing. Move-ins at Serenity began earlier this month; the building was 40% pre-leased prior to opening. Churchill Corporate Housing, a short-term corporate housing provider, has leased 24 apartments at Serenity, which is managed by Greystar. Serenity is located steps to Brookline Village and the Longwood Medical Area and features the latest in-demand amenities, including Wi-Fi enabled common areas, a billiard room, meeting and collaborative areas, a private courtyard, a rooftop pool and lounge deck, a barbecue deck and a green roof. Direct-access garage parking with electric car charging stations is available on-site, in addition to Zipcars and bicycle storage. Serenity presents an unprecedented green living option, with LEED Gold energy-efficiency certification and direct access to the MBTA Green Line.
“As we designed the community, we knew we needed to create something special to draw tenants to this corridor from Fenway and other nearby neighborhoods,” said Anthony Nader, Vice President of Serenity developer Longwood Group. “The rooftop pool and amenity area are really something to be seen.” Serenity residents will be located in an area seeing tremendous growth, with a number of development projects planned, under construction and recently completed. “The leasing demand is showing that with a destination asset, that provides a great living experience, prospective residents are willing to move to this side of the Longwood Medical Area,” said Nader. “The growth coming down the Brookline Avenue corridor, with the Children’s Hospital expansion at Brookline Place, Homewood Suites and potentially an additional hotel at Brookline Avenue, has created an exciting area of the city to be in. More restaurants will activate the streetscape, but the neighborhood is already beginning to come alive.”
Jun 02, 2017
GE unveils adaptive reuse plans for historic pedestrian bridge at Innovation Point
General Electric (GE) has unveiled plans for the adaptive reuse of the four-story historic pedestrian bridge over Necco Court at Innovation Point, GE's upcoming headquarters campus in Fort Point. The bridge will be converted into four lounges and quiet workspaces for GE employees. GE will restore the bridge’s existing green metal wall on the east site of the bridge facing Fort Point. A new glass facade will be installed along the west side of the bridge facing Fort Point Channel and Downtown Boston, providing natural lighting for the lounges and workspaces. By restoring the bridge, GE is preserving Fort Point’s industrial heritage for years to come. The Fort Point Channel Landmark District Commission is now reviewing GE’s plans for the bridge. The following is a rendering of the restored bridge:
May 12, 2017
General Electric breaks ground on new Boston headquarters
General Electric has broken ground on Innovation Point, its’ new $200 million, 390,000-square-foot headquarters campus located on the banks of Fort Point Channel in the heart of Boston’s Innovation District. A groundbreaking ceremony was held at Innovation Point on Monday (May 8th, 2017), with speakers including Jeff Immelt, GE’s Chairman and CEO, Ann Klee, GE’s Vice President of Environment, Health & Safety and Boston Development and Operations head, Massachusetts Governor Charlie Baker and Boston Mayor Martin J. Walsh.
At Monday’s ceremony, GE announced that it will contribute $50 million towards Boston Public Schools, opioid addiction and other community causes. Mayor Walsh also announced that, over the next 25 years, GE will increase city taxes by $67 million. "This is a big day and a big statement, and one more step forward in the continuing evolution of Massachusetts as a global player on so many fronts and in so many ways," said Governor Baker.
Approximately 800 GE employees are expected to work at Innovation Point, and construction of the campus will generate approximately 1,500 jobs. State and city government officials offered GE $145 million in incentives to relocate its’ headquarters to Boston. Boston’s “great innovation ecosystem, huge talent pool, great leadership and wonderful quality of life” made the city an “obvious choice” for GE, said Klee. “What we're bringing here together is one of the country's oldest companies, in GE, has moved its headquarters to one of the country's oldest cities, in Boston, for the purpose of creating the future,” said Immelt.
Pictures from GE’s groundbreaking ceremony are posted below, and newly revealed renderings of Innovation Point are posted above.