GE unveils a glimpse of our industrial past with renderings to the new pedestrian bridge at their new world headquarters in Boston’s Seaport. The new bridge will be used as four separate lounges and quiet working spaces for GE employees.
Consistent with its historical design, GE expects to keep a green wall on the east side of the bridge. But the bridge’s west side, facing downtown, would look quite different. The windowless facade, currently shielded by corrugated metal, would be replaced with banks of tall windows. The interior — oddly shaped at 40 feet long by 7 feet wide — is to be used as four separate lounges and quiet working spaces for GE employees.
The bridge was once an important link between buildings in the old New England Confectionery Co. complex. But it has long since outlived its original function. It now extends between one of two old brick buildings that GE will occupy and another former Necco building, currently owned by Synergy Investments. The Synergy-owned office building will remain walled off from the GE bridge.
Joe Fallon’s 100 Northern Ave. in the Seaport is preparing for a launch party different then we have seen before: vertical dance. Boston’s Seaport is one of the country’s hottest submarkets with office tower trades in excess of $1,000 per square foot and the new world headquarters to GE.
According to the Boston Globe, “the vertical dance group Bandaloop rehearsed its creative moves from the 17th floor of the new building on 100 Northern Ave. on Tuesday…The pioneering vertical dance company is making a rare appearance in Boston to commemorate The Fallon Company’s latest development milestone: The 534,000-square-foot, 17-story commercial building. It’s the fifth building to be completed at the vibrant, mixed-use Fan Pier neighborhood and is set against the backdrop of Boston’s cityscape and Boston Harbor.”
Assets continue to trade in the Seaport section of Boston red hot office market just over $400 per foot.
According to Banker and Tradesman, “the Davis Cos. has sold its Tower Point office building in Boston’s Fort Point for $62.1 million, reaping an $18.7 million gain after just two years of ownership…The Boston-based developer spent nearly $7 million updating the 155,170-square-foot property at 27 Wormwood St., increasing the occupancy rate from 74 to 95 percent with a group of new tech tenants…Renovations to the 115-year-old structure included a 7,500-square-foot courtyard with oversized chess set outside the main entrance, removal of drop ceilings and creation of an open floor plan for most tenants.”
As tenants find new offices they decide what to bring from their old digs and how to create the vibe that defines who they are. Have a peek at what SessionM did to define their new digs in the Seaport.
SessionM does mobile loyalty software for large enterprises. When they moved into offices in Fort Point, the company thought about office design and decoration for the first time. It had built–and invited its employees to build–everything from light fixtures to heavy wooden tables. All have a farmhouse chic kind of appeal that will be familiar if you’ve been out to almost any restaurant built in the past five years.
Boston interior designer Haley McLane designed the Fort Point space for SessionM. Working for startups is interesting, she said, because of the importance of story and culture. “Being able to take a story and put it into physical space is really an interesting challenge,” she said. “Each company is different and therefore each design challenge is different.”
Looking to neighbor up with LogMeIn? Score the space on Summer Street between A Street and the Convention Center.
B&T repots, “remote computing company LogMeIn has finalized a 117,000-square-foot lease for 327-335 Summer St. in Boston’s Fort Point beginning Nov. 1…The lease runs 12.5 years with two five-year extension options, according to filings with the Suffolk County Registry of Deeds.”
Best eats in the Seaport/Innovation/Fort Point area of Boston for startups. What does where you dine say about where you work? Bostinno.Streetwise.co has put together a handy reference to reflect the “favorite spots to hit after a long at the office” in the Fort Point neighborhood.
The article includes the following venues, and is available on the Bostinno website:
The Seaport continues to show the market that it’s going to remain a dominate force in the Boston office market. Rents are up, vacancy is down and demand is strong. The challenge is the only new construction is Class A, so if you are seeking updated brick-and-bean, wait in line or be prepared to pay for it.
Indicative of the Seaport neighborhood’s appeal, BostonSF.com reports HFF recently closed a “$105.625 million sale of 3-building office portfolio Boston’s Seaport District…HFF announced that it has closed sale of three best-in-class, creative office assets totaling 221,064 square feet and 35 parking spaces.”
You can read more about the significant, three-building office space sale in the Seaport on Bostonsf.com.
the sound you just heard was the unmistakable sloshing of preservationists paddling up Fort Point Channel coming to the rescue of a bridge that has long served as a historical gateway between the Financial District and the South Boston Waterfront. We may never get the tens of millions of dollars needed to restore the bridge, but at least we had fun dreaming about it.