Category Archives: Seaport Real Estate

0 Summer Street in Boston Seaport Expected Home for New Convention Center Hotel

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Summer Street convention center Hotel

Credit: Curbed

Boston appears to be ready to welcome a new 1,000 room hotel to the Seaport District on Summer Street, directly across from the Convention Center.

According to Curbed, “a development team that includes the folks behind the Omni brand have emerged as the top bidder to construct an inn with at least 1,000 rooms on a 2.1-acre site in South Boston…the Massachusetts Port Authority is expected to award the bid within the next three months…The hotel would be one of the biggest in Boston.”

For more information, jump over to Curbed Boston.

0 Fort Point Office Space for GE Lands Design Approval

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GE has received design approval for their headquarters in the Seaport. Some of the design elements include a pedestrian corridor and 100-year flood resistance.

Rendering of new office building in Boston Fort Point

Credit: Bizjournals.com

The Boston Business Journal notes, “the headquarters campus will be located on a 2.5-acre campus facing the Fort Point Channel, spanning two historic former Necco candy manufacturing facilities at 5 and 6 Necco Court and a newly built property facing the water. The campus will span 388,700 square feet. GE’s CEO, Jeffrey Immelt, has said the company intends to spend between $80 million and $100 million on the new headquarters.”

You can read more on the Fort Point Channel Building on the BBJ’s website, here.

0 Boston Harbor Tower Plan Revised

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Boston Harbor project developer Don Chiofaro

Credit: Boston Globe

Boston Harbor might soon have a new development approved for its shores. It appears Don Chiofaro has amended his proposed plans for his new Boston Tower to conform to the city’s zoning rules.

From the Boston Globe:

[Chiofaro will] push forward with his bid to put a skyscraper on the site of the Harbor Garage, and to do it within proposed zoning rules that he fought for years to loosen without success. It would still be a billion-dollar-plus project, a bookend to the International Place towers he built in the 1980s, but not quite as grand as he envisioned.

It’s likely to be several months, at least, before Chiofaro can file specific plans with the BRA. Then, given a year or more for permitting, construction wouldn’t start until 2018, at the earliest.

0 Manufacturing Remains Alive in Boston’s Seaport

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Kennedy Ave Boston Seaport

Credit: Cannistraro

Changes along the water is Boston’s Seaport continue with the announcement of Cannistraro’s 50 year ground lease. The Seaport is not all office towers and luxury condo, remember there is still an active drydock at Northeast Ship Repair at 32A Drydock.

Seaport Manufacturing Facilities, courtesy of Boston Ship Repair:

GRAVING DOCK
· 65,000 tons displacement capability
· Length: 350.5 meters (1,150 feet)
· Breadth at the top of blocks: 38.1 meters (125 feet)
· Breadth at the top of dock: 45.4 meters (149 feet)

CHANNEL DRAFT
· 12.2 meters (40 feet)

CRANE CAPACITY
· Up to 65 tons

CRANES
· 360 degree coverage

PIER
· Steam, water, electrical service and sanitation hookups

SHOP AREA
· 40,000 square feet

Located next to the Black Falcon Cruise Terminal in Boston’s South End, the drydock is only seven miles from open sea with no air draft restriction.

0 Seaport Office Space Continues to Expand

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The Seaport office market is poised to grow yet again by adding 298,700 square-feet on Parcel Q1 for a total height of 163 feet.

The entire Seaport office market looks like:

There are 97 office buildings in the Seaport District, for a total of 11,339,861 square feet of office space:

• 11 Class A buildings, totaling 4,141,571 square feet
• 60 Class B buildings, totaling 6,004,891 square feet
• 25 Class C buildings, totaling 1,193,399 square feet

Related Office Listings
Seaport Office Space for lease

 

0 Known Restaurateur Launches Seaport Location

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253_summer_street_SeaportThe missing piece of the puzzle has been solved at 253 Summer Street with a new food concept.

From Bizjournals.com:

The 253 Summer St. project has received a $2.25 million building permit to “build out (a) new restaurant along basement area/new exterior storefront facing Harborwalk.” Leaf said early plans for the restaurant include adding windows to what’s now a painted concrete wall, with the restaurant’s entrance facing the Harborwalk. There are also tentative plans to have a patio dining area on what’s now pavement along Necco Court — a spot that will directly abut GE’s headquarters campus.

 

0 Port of Boston Benefits from Panama Canal Expansion

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Photo taken at the Port of Boston

Credit: aimnet.org

Boston’s maritime operations will expand thanks in part to the expansion of the Panama Canal.

An article posted on the aimnet.org blog notes:

The Port of Boston is already benefitting from the expanded Canal. COSCO—China Ocean Shipping Company—is a longtime partner of the Port of Boston; the company recently committed to doubling the capacity of their ships calling on Boston from China. This will enable Massport’s Conley Terminal—the only full-service container terminal in New England—to handle significantly more volume. This translates into jobs and positive economic impact.

The U.S. Government has committed to funding a major dredging project for Boston Harbor, though the appropriation has not yet been finalized. In the meantime, some inner harbor dredging is taking place along with dock improvements. (Among the imports and exports moving through Conley Terminal are seafood, footwear, waste paper, scrap metal, furniture, beer and wine, and apparel.)

0 Boston Seaport Still Emerging

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Rendering of an upcoming Boston Seaport development

Credit: New York Times

The Boston Seaport is the perfect assemblage of the old and new for live, work and play.

A recently NYTimes article on the Seaport notes the following:

Thomas M. Menino, a city mayor who died in 2014, had envisioned the area, just across the Fort Point Channel from downtown as an “innovation district,” with state-of-the-art office space, plenty of walk-to-work apartments, numerous restaurants, and pedestrian-friendly streets and parks. Since 2000, the area has gained 10 million square feet of development and more than 4,000 residents. And in recent years, the appetite for a Seaport address has only increased, such that 2,700 residential units and 1.3 million square feet of office space are now in some stage of construction, according to the Boston Redevelopment Authority.

From upstart technology companies to cutting-edge biomedical firms to traditional corporate giants, the Seaport is attracting businesses to both brick-and-beam style office space in old industrial buildings and to new glass office towers overlooking Boston Harbor.

Continue reading for more info and related listings for Seaport office space.

0 Fish Pier Remains Central to Boston Seaport

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Fish Pier in South Boston

Credit: Boston Globe

Boston’s Seaport is far more than just home to GE and Vertex, it is also home to a thriving fish business.

From the Boston Globe:

“Just like a Ford has parts from different parts of the world, I think Boston is becoming this seaport hub, and that allows us to be very successful,” said Richard Stavis, chief executive of Stavis Seafoods, a Boston-based national seafood distributor with offices on Fish Pier.

“Fish Pier is one of the handful of places in the world where you can actually dock vessels and unload fish and have it processed. . . . That’s a big draw,” said Lisa Wieland, the port director for the Massachusetts Port Authority, which owns Fish Pier and the neighboring Marine Terminal where other seafood dealers are located.

Fish Pier generated $4.7 million in revenues for Massport in fiscal 2015 and barely broke even on an operating basis, the agency said.

0 100 Northern Ave. will be Dancing in Flight

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Air Jumpers in Boston Seaport

Image Credit: Boston Globe

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.”

You can read the full article on the Globe’s website.