NPC Approved for Winthrop Center
A notice of project change filed last month for Winthrop Center was approved by the BPDA on 11/14. The changes include the reduction of residential units from around 500 to 387 with an increase in office space from 750,000 square feet to 772,422. While the height of the tower will not change the total square footage has also been reduced from 1,650,000 to approximately 1,545,021. Finally, one level of underground parking has also been eliminated, cutting about 50 spaces from the total.
Permit Issued to Abandon Gas Service to Exchange South End Site in Prep for Demo
A permit has been pulled to abandon the gas service to 540 Albany Street in prep for demo. The demo will make way for the much-anticipated Exchange South End project which was approved by the BDPA over a year ago in August 2018. The four-building 1.6 million square foot project will offer a mix of office, lab, and retail space plus a new 1-acre public park. The first buildings in this new life science and technology campus are expected to be ready in Q1 2022.
Harvard Narrows Development Field for Enterprise Research Campus to Three Finalists
Harvard has narrowed down the field of development partners from nine to just three finalists. Remaining in the race to develop the 14+ acre site are HYM Investment Group; Alexandria Real Estate Equities and National Development; and Breakthrough Properties, owned by Tishman Speyer and Bellco Capital. In a recent Spotlight piece, Harvard Land CEO Thomas Glynn told BLDUP their goal is to have the developer selected before the end of this year.
NPC Filed for Winthrop Center Plus $30M Plumbing Permit Pulled
A notice of project changed has been filed for Millennium Partners Winthrop Center Project. The updated documents call for the following changes to the project.
- Height of the building remains the same however total square footage has been decreased from 1,650,000 to approximately 1,545,021
- The original proposal called for up to 500 residential units, current plans would include 387
- Office square footage has increased from 750,000 square feet to 772,422
- One level of garage parking has been eliminated for a net loss of 50 parking spaces.
While the project change is under review construction is also ongoing on the site and a plumbing permit valued at $30M has been pulled for the project by EM Duggan.
Lord Hobo Coming to Two Drydock
Local brewery Lord Hobo has signed a lease for the 9,000 square feet of retail/restaurant space on the ground floor of Two Drydock in the Seaport. Along with a working brewery, the space will include a gastropub, taproom, and lounge. Upstairs Two Drydock will feature 225,000 square feet of Class A office space offering an array of amenities from a welcoming public plaza to a rooftop yoga studio. Construction is expected to wrap up in the first quarter of 2020.
Foundation Work Continues for The St. Regis Residences, Boston
Foundation work continues on the complicated waterfront site, that will be home to The St. Regis Residences, Boston. A series of bright green tanks have popped up on site, containing slurry used for the foundation which will go down to bedrock. The luxury project will contain, 114 condo homes, a third of which have already been sold. The iconic tower will offer a range of units sizes from one-bedrooms through penthouse residences with four finish options. Residents will have access to owner benefits, as well as the St. Regis brand’s legendary services, including bespoke and anticipatory butler and concierge assistance, and exclusive use of the tower’s entire floor of amenities including swimming pool and outdoor patio, spa, exercise room, library, sports simulator, St. Regis lounge, wine vault, media room and guest suites.
Facade and Window Install Ongoing for Marine Wharf Hotel
Facade and window install are well underway for the Marine Wharf Hotel in Boston's seaport near Boston's cruise terminal. The 14-story hotel will be dual-branded and include a 245-room Hampton Inn and a 166-room Homewood Suites. The project also includes around 3,500 square feet of retail space and parking for $75. The project was recently refinanced for just over $105M.
Cronin Development Launches Sales of The St. Regis Residences, Boston
Cronin Development has launched sales of The St. Regis Residences, Boston, with the opening of a “high-touch/high-tech” waterfront sales center at 250 Northern Avenue. The custom-built waterfront space- called the “Experience Center for The St. Regis Residences, Boston,” - offers visitors a high-tech experience, luxury service, and panoramic Boston Harbor views that mimic what buyers will experience inside the tower’s 114 condominiums.
The St. Regis Residences, Boston, which is under construction at 150 Seaport Blvd., is expected to open in early 2021 – which will make it the last residential waterfront development to open in the Seaport neighborhood.
Visitors to the center will be immersed in the history and rituals of the St. Regis brand. They can also see an overview of the Seaport – Boston’s hottest neighborhood, filled with luxury shopping, retail, essential services, public parks, and entertainment venues.
The Center features a built-to-scale model kitchen and bath that allows buyers to preview the highly curated finishes chosen for quality, style, and performance. Buyers can also review a variety of finish options and interior design in the building’s Design Center. BAMO of San Francisco created the residence interiors, the lobby’s modern vision and the look and feel of the amenity floor.
“In the Experience Center, future residents will touch, feel and see the high-level of quality and design we are planning for The St. Regis Residences, Boston – which will be a landmark development,” said Cronin Development Founder Jon Cronin. “When it opens, it will be one of the first stand-alone St. Regis Residences in the world and will mark the debut of the brand in Boston.”
Rising directly on Boston’s waterfront, this residential-only tower features an iconic design from Elkus Manfredi Architects that mimics the curvilinear shape of a tall ship at sail. The tower’s 114 condominium homes will range from one-bedroom to penthouse residences, each with extraordinary views. Residents will have access to owner benefits, as well as the St. Regis brand’s legendary services, including bespoke and anticipatory butler and concierge assistance, and exclusive use of the tower’s entire floor of amenities including swimming pool and outdoor patio, spa, exercise room, library, sports simulator, St. Regis lounge, wine vault, media room and guest suites. The signature restaurant will provide in-residence private dining and preferred reservations as well as cater to residents, guests and neighbors.
Facade Install Nearly Complete for Hyatt Place on Parcel K
Facade install is nearly complete for the 12-story Hyatt Place hotel on Parcel K in the Seaport. The 294 room hotel will include a rooftop gym, a coffee and cocktails bar, and 4,000 square feet of meeting and event space. There will also be 6,800 square feet of restaurant space on the ground floor of the hotel. Construction is expected to be complete in Spring 2020.
Updated Plans for South Boston Power Plant Reduce Residential and Add Lab Space
In a supplemental information filing, Redgate and Hilco Global have revealed updated plans for the South Boston Power Plant redevelopment. The overall project has been reduced in size by 150,000 square feet and the mix of uses has been re-balanced with a focus on commercial uses. The number of proposed housing units is reduced by almost half from 1,344 units to 750. Office space has been increased from 368,000 to 470,000 square feet and 330,000 square feet of R&D space has also been added to plans.
The updated plans also address the community concerns about parking, by providing an increased residential parking ratio on-site of one space per unit. The Project will also provide 120 parking spaces to neighborhood residents on nights and weekends at a discounted rate within the parking garages in the commercial buildings.
According to the filing, the project will be developed in multiple phases spanning an approximately 10 to 15-year period, with demolition commencement anticipated in late 2019. After the completion of the site demolition and remediation, Phase 1A, will prioritize the construction of low-rise residential along East 1st Street and the renovation of Turbine Hall 3 on East 1st Street into office. The remaining two Turbine Halls will be renovated to an interim condition for public events and activities.
Marine Wharf Hotel Refinanced for $105.63 Million
The hotel development at 660 Summer Street has been refinanced via Santander Bank for $105.63 million.
The upcoming 14-story, 320,000 square foot dual-branded hotel will include a 245-room Hampton Inn and a 166-room Homewood Suites, providing a total of 411 new Seaport District hotel rooms.
Approximately 19,300 square feet of amenities will be located at Marine Wharf Hotel including an exterior terrace, a fitness center, an indoor pool, meeting spaces, and a 500-seat restaurant. Approximately 3,500 square feet of retail will be located on the hotel's ground floor.
Foundation Prep Continues for The St. Regis Residences, Boston
Foundation prep is ongoing along Boston's waterfront at the site of the upcoming 22-story St. Regis Residences, Boston. The luxury building will include 114 condos along with a fitness center, pool, library, and spa. Unit interior finishes along with the lobby and amenity spaces, designed by BAMO, will reflect the maritime location and utilize a color palette inspired by the water's edge. The St. Regis Residences, Boston will also feature a two-level signature restaurant and an extension of the Harborwalk around the exterior of the building. Construction is expected to be complete in early 2021.