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).

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