It has been quite some time since there was a mentioning of the
Seaport District. Termed the Innovation District by Mayor Thomas M.
Menino, this area of the city is soon to be a truly bustling one
full of energy, businesses and most importantly, residents and
plenty of younger ones at that. With so many projects planned
throughout Boston, many have forgot the plethora of those slated
for this area of the city, most of which we touched upon in a past
blog. As of this Thursday the 26th of July, ground will break
in what is expected to be a very much anticipated start to a
breathtaking new building for the district.
The Boston Wharf Tower, as it will soon be known as, will be a
21-story residential building comprising of 184 units within.
Goldman Properties alongside Archon Group were the initial pioneers
behind such a construction on this site. However, as of 2011 the
proposed plans were purchased by Gerding Edlen, one of the United
States leading development and investment firms.
A Green Cities 1 Fund since 2009 raised roughly $183 Million for
the cause of Gerding Edlen eventually purchasing then constructing
this facility. As a whole, the project has early estimations of
costing upwards of $150 Million and that will go along with the
already planned desire for another building to be erected in the
same neighborhood. Located at 63 Melcher Street, another project of
28 affordable units will also be breaking ground in the near future
under the Gerding Edlen experienced and successful name. This
development, in particular, will be especially attractive to
artists because of the unique work-live spaces the project managers
aims to create. It is time to get the shovels ready, Boston looks
to continue to pursue yet another progressively impressive
face-lift this week and soon again in the near future.
More Information: Portland Business
Journal