There was a
time when Anthonys Pier 4 was the biggest reason people traveled to
Seaport as it was one of the top-grossing restaurants in the
nation. Soon, a nine-story luxury condominium building, a one-acre
park and a 13-story office building will be the new reason for
travel.
The luxury condominium building will rise from the site
surrounding this iconic restaurant that recently closed its doors
in 2013. Developer, Tishman Speyer, plans to construct the building
to be curved toensure that the views of the skyline will be
maximized.
Co-chief executive, Rob Speyer, stated, Our company wants to
create a project that will bring new residents and new business to
the new neighborhood. Our goal at Pier 4 is to create the brightest
jewel of the Boston waterfront. This will be a project entirely
worthy of one of the worlds great cities.
Pending the citys approval, construction will begin no later
than the end of the year in hopes that the condo project will be
completed in 2018. No price tags have been placed on the units at
this time although it has been noted that neighboring luxury
buildings priced in the millions sold out quickly.
At the end of the pier the one-acre park and a plaza will sit on
the exact site of Anthonys Pier 4 which will be demolished sometime
next spring. This park is set to preserve public access to the
waterfront and allow the developer to command premium prices for
condos with uninterrupted water views, said Vivien Li, president of
the Boston Harbor Association.
Tishman Speyer is partnering with two of Chinas largest
insurance companies on this project. Both of these companies are
making their first investment in U.S commercial real estate and as
a result is the largest Chinese investment YET in Boston real
estate!
Source: Boston Globe