Bulfinch Crossing

Carr Properties, National Real Estate Advisors and the HYM Investment Group Break Ground on One Congress

Mayor Martin J. Walsh, Carr Properties, National Real Estate Advisors and The HYM Investment Group broke ground today on One Congress, the 600-foot tall office tower that will house the future headquarters of State Street Corporation. The building, part of the Bulfinch Crossing redevelopment, is owned through a 50-50 joint venture between Carr Properties and National Real Estate Advisors on behalf of a client; The HYM Investment Group, LLC. is the developer of the project. 

Designed by world-renowned architects Pelli Clarke Pelli, One Congress will rise to 600 feet, becoming a new fixture of the Boston skyline, and providing employees that occupy the one million square feet of new class A office space with breathtaking panoramic views of the city, the Boston Harbor, Financial District, and the Charles River. One Congress will offer access to world-class amenities such as a one-acre, outdoor roof garden on the eleventh floor, over 30,000 square feet of fitness, wellness, food and beverage offerings, as well as bike facilities and copious parking.

This groundbreaking event marks the ceremonial beginning of construction on the office tower portion of the Bulfinch Crossing project, which is slated to be completed by the end of 2022.

"As the future home for State Street's headquarters, One Congress will fuel economic development and pedestrian activity in Bulfinch Crossing," said Mayor Walsh. "Once complete, this transformational project will support our city, creating income-restricted housing units and contributing over $12 million in linkage funding to support additional affordable housing and workforce development programming."    

Situated at the epicenter of prime transportation options—three blocks from North Station, immediate access to the Haymarket MBTA Station (located on site), with proximity to Logan Airport, and I-93 and I-90, and featuring a 99-point Walk Score—the office tower embraces transit-oriented development and a multi-modal future. Likewise, One Congress'proximity and accessibility to the Rose Kennedy Greenway and other iconic Boston neighborhoods that surround it such as the North End, Beacon Hill, and West End, provide a dynamic ground-level experience, making it one of the most sought after places to work in the city.

"We are very excited to be working alongside Carr Properties and HYM on this transformative office tower," said Jeff Kanne, President, and CEO of National Real Estate Advisors. "One Congress exemplifies National's commitment to building modern, vanguard assets which generate returns for our investors, strengthen communities, and create good jobs."

"We are incredibly excited about One Congress. This is a generational opportunity to own and develop an iconic building that will contribute to the fabric of Boston for many years to come. Additionally, we are thrilled to welcome State Street as our customer and we look forward to building a tremendous long-term relationship with them" said Oliver Carr, Chief Executive Officer of Carr Properties.

In January 2019, State Street Corporation, the Boston-based Fortune 500 financial services firm, announced that it would be relocating its headquarters to One Congress, occupying 510,000 square feet of the one million square feet that the building will offer. 

"State Street is honored to make history in Boston again as the anchor tenant of One Congress; a landmark building that is setting the standard for sustainable design and new ways of achieving workplace creativity and connectivity," said Ron O'Hanley, president and chief executive officer of State Street. "We are today a global company with offices in 28 countries around the world, but throughout our history, we have always been headquartered in Boston. We are delighted to break ground on our new headquarters and look forward to many more years of contributing to a sustainable and inclusive future for the Commonwealth of Massachusetts and the city of Boston, our home for more than 227 years."

Bulfinch Crossing is transforming the existing Government Center garage site into one of the most vibrant developments in downtown Boston, and upon completion, will feature over 2.9 million square feet of first-class residential, office, hotel and retail offerings featuring more than 800 residential units, 200 hotel rooms, 1.15 million square feet of office space, and 82,500 square feet of new retail.  

"Once completed, One Congress will stand as one of the most distinctive and defining buildings built in Boston in the last two decades," said developer Thomas N. O'Brien, founding partner and managing director of The HYM Investment Group. "Demand for office space in the city has never been higher, and with our partners in One Congress, we are bringing over a million square feet of new, Class A office space onto the market to meet that demand in an accessible location where Bostonians want to live and work."

Next Section of Government Center Garage Demo Moves Forward to Make Way for One Congress

As the residential tower at Bulfinch Crossing continues to rise, demolition of the helix on the other side of the garage is wrapping up to make way for the next phase of this massive development project, One Congress. One Congress will feature 1 million square feet of Class A office space, a large portion of which will be the new home to State Street, who announced in January that they will be moving their global headquarters here in 2023. 

One Congress, designed by Pelli Clarke Pelli Architects, will offer unrivaled views and unparalleled visibility across the Boston skyline. A focus on hospitality will also be paramount at One Congress with tenant amenities including a fitness center, grand three-story lobby, and one-acre landscaped terrace.

 

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.

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.

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

 

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.

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.

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.

 

 

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.

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.

 

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.

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.

$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.

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 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.

$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.

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 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 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 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:

Construction sneak peek: Garage enabling and re-ramping inside the new #BulfinchCrossing. pic.twitter.com/njiX3K0tcs

— Bulfinch Crossing (@BulfinchXing) November 8, 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:

Drone views from the future apartment tower at #BulfinchCrossing pic.twitter.com/pNB3w2xhRz

— Bulfinch Crossing (@BulfinchXing) November 4, 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: 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:

New rendering showing full project buildout

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:

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

More information about Bulfinch Crossing is posted below.

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

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:

Full multi-phased buildout

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

Residential tower

Office tower

View of towers along skyline

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