Menino and Skanska at 101 Seaport Boulevard
The Seaport District of
Boston has received a great deal of attention over the past couple
of years with an incredible amount of investment occurring right on
our shoreline. In fact, it was not long ago when we reported about
the long-awaited Innovation Center
opening this summer as part of Mayor Thomas M. Meninos greater
vision for the Innovation District within the Seaport. Now, with
certain developments already underway or soon to be, one massive
initiative from the Skanska development team has just broken ground
today!
Located at 101 Seaport Boulevard, Skanska in
partnership with PricewaterhouseCoopers was joined by Mayor Thomas
M. Menino himself this afternoon to lift the first shovel of dirt
to commence the project. For what is estimated to cost upwards of
$126 Million, this eventual 17-story building will be the future
headquarters of PwC who will assume 75% of this future top-class
facility. Consisting of 450,000 square feet of space with a fifth
floor being a completely open terrace accessible to the public, the
finished product will undoubtedly be something truly
remarkable.
This future landmark of the Seaport District is
just one piece of the puzzle for the larger vision that developers
and investors have for this area of Boston glistening with
potential. Shawn Hurley, Skanskas Regional Manager, was reached for
comment today and stated that, Todays ceremony is much more than
just about 101 Seaport, its a celebration of the Innovation
District and the tremendous momentum that the neighborhood has
behind it. This growth and momentum certainly did not happen by
chance, we would not be here without Mayor Menino. Nobody has
played a greater role in shaping and making the Innovation District
what it is today.
Indeed Mayor Menino has made great strides to
accomplishing this goal for the Seaport by making it
far more attractive and possible for development of this scale to
occur. The Mayor also came forward and shared, The 200 businesses
that have moved down here will need some good accountants. I look
forward to working with you in the future in the private sector to
keep Boston moving forward.
Morgan Stanley along with Boston Global Investors sold
the site where this building will be erected at the corner of
Seaport Boulevard and Boston Wharf Road for $33 Million. This
23-acre parcel is also across from the Seaport Square Park and is
adjacent to Parcel K, which Skanska bought last year for $18.6
Million. This other endeavor is in partnership with Twining
Properties, who together will construct a 350-unit apartment
complex within 275,000 square feet. Both of these projects
highlight the broader 6.35 million square feet of residential,
retail, commercial, hotel, and civic/cultural space planned for
Seaport Square in the very near future.
It was also just reported that Skanska is in negotiation with
Boston Global Investors regarding a third parcel across from the
PwC location to build yet another building, this time of 425,000
square feet. There truly is no location in Greater Boston today
that has as much justified hype that not too far down the line will
be completely transformed making it an iconic destination for
businesses, visitors, and locals alike for years to come.
More Information: Boston Business
Journal