Demo has kicked off of the building that formerly housed the historic Boston Flower Exchange to make way for Exchange South End, the upcoming 1.6 million square foot project that, once complete, will be a next-generation life science and technology urban campus. When asked about the timeline for construction of the first phase of the project, The Abbey Group tells BLDUP, "We are actively marketing the project, we are preparing the site and taking steps to be able to go forward with construction. We don't yet have a specific timetable to share."
While the Boston Flower Exchange represented a physical exchange of goods for much of the 20th century, Exchange South End will represent an exchange of ideas, technology, and culture for the 21st. Located in the South End, one of Boston’s most culturally rich and diverse neighborhoods and home to hundreds of nearby restaurants, bars, retail shops, art galleries, and studios, the site will feature four new state-of-the-art laboratory and office buildings, significantly improving the area’s life science and technology infrastructure. Additionally, the campus will feature 22,000 square feet of retail space and 30,000 square feet of community space.
It is anticipated that the site’s original wharf granite slabs will be excavated and incorporated into Albany Green, a one-acre publicly accessible open space at the heart of the campus, as benches, walls, and other park features.
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.
In a meeting held on August 16th, 2018 the BPDA approved the massive, 1.6 million square foot development in the South End along Albany Street. Positive comments regarding the project came from numerous sources including neighborhood associations, unions, and the board itself. The head of the South End Forum, a collection of the various South End neighborhood associations, applauded the development team for their community engagement throughout the past year and no opposition to the project was voiced at the public hearing.
The development of the 5.6-acre site will include four new buildings of commercial, technology, and life science space with ground floor retail. The front door to the site will be the 1-acre park, Albany Green. While questions around transportation remain, The Abbey Group hopes to start construction this coming spring, 2019.
With the Exchange South End proposal under board review, the $600 million commercial development is still aiming to begin construction in the fall of 2018. The development would transform 5.6 acres of South End real estate into a massive mixed-use opportunity for the neighborhood.
The nearly 1.6 million square foot project would include four new buildings featuring approximately 1,481,350 square feet of commercial, technology, and life science research space with 42,500 square feet of ground-floor retail space and 30,000 square feet of civic and incubator space oriented about a new public park.
Over one acre of new pedestrian-friendly public open space, known as Albany Green, would be constructed on site. Exchange South End would host 4,000 to 7,000 new jobs, and represent a total investment of over $1 billion in the South End neighborhood.
Updated renderings of Exchange South End from Stantec, the architectural firm on the project. The $600 million commercial development is aiming to begin construction in the fall of 2018, transforming 5.6 acres of South End real estate into a massive mixed-use opportunity for the neighborhood.
Abbey Group reveals plans for 1.6-million-square-foot Exchange South End commercial development
The Abbey Group has revealed its’ plans to redevelop the 5.6-acre Boston Flower Exchange site in the South End into Exchange South End, a commercial, technology, and life science research hub totaling nearly 1.6 million square feet. Pegged at $600 million and representing an over $1 billion total investment in the South End neighborhood, The Abbey Group’s proposed development would feature four new buildings up to 20 stories and 282 feet tall, featuring 1,481,350 square feet of commercial space in addition to 42,500 square feet of ground-floor retail space and 30,000 square feet of civic and incubator space.
Over one acre of public open space would be constructed at Exchange South End. Construction of the Exchange South End’s first phase, which would construct two buildings, would start in Fall 2018 and last approximately two years. Additional buildings would be constructed based upon demand. The Abbey Group has filed plans for Exchange South End with the Boston Planning & Development Agency (BPDA), who is now reviewing the proposed project.
1.6 million square foot office and retail hub envisioned at South End's Boston Flower Exchange
Developer The Abbey Group has unveiled preliminary development plans for the 5.5-acre Boston Flower Exchange site in the South End. Per a Boston Globe report, The Abbey Group presented a vision for four lab and office buildings with ground-floor retail and restaurant space oriented about "Albany Green", a 1-acre "European [public] plaza", at a Wednesday night community meeting this week; a newly revealed rendering is posted above.
The Boston Flower Exchange project, which would total approximately 1.6 million square feet and rise about 200 feet, would also construct a new cultural center and improve the nearby South Bay Harbor Trail. “We want to extend public space across the entire ground floor of the project”, said Abbey Group Managing Partner Bill Keravuori. The Abbey Group has not yet filed plans for the project with the Boston Planning & Development Agency (BPDA).
Abbey Group confirmed as Boston Flower Exchange developer
In today's Boston City Council meeting, Boston Flower Exchange developer The Abbey Group gave a brief overview of the potential redevelopment program. The Abbey Group hopes to construct a commercial component to the project that would include space for technology companies. The project could also include residential and retail components.
The Abbey Group has not yet closed on the acquisition of the 5.5 acre Boston Flower Exchange parcel. This page will be updated with additional details as they become available. A live stream of the Boston City Council meeting is available here.
The Boston Flower Exchange will likely be sold to local developer The Abbey Group, according to sources familiar with the deal. The Boston Flower Exchange has been told to move out by the end of 2016. Sale of the property has not yet closed.
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