The Seaport’s 101 Seaport Boulevard will be home to the latest offering from Starbucks Reserve Cafes, AKA, ultra-Starbucks with a premium price of $4 per coffee.
Banker&Tradesman notes “the Seattle coffee giant plans to open one of its “ultra-premium” Starbucks Reserve cafes this summer at 101 Seaport, a 17-story office building that is anchored by the regional headquarters of PwC…Starbucks CEO Howard Schultz recently told analysts the company plans to build more than 500 “coffee-forward” Starbucks Reserve stores in select global cities. Decked out in rustic decor, the new stores offer small-lot coffee batches brewed with a variety of techniques including siphoning, pour-over, espresso and Chemex. The stores also sell Teavana loose-leaf and packaged teas. The new cafes also come with a price premium, with a small coffee selling for $4 at a location that opened this year in Manhattan, according to Business Insider.”
You can read the full article on the Banker and Tradesman website, here.
Credit: Boston Globe
Prior to having a Starbucks, some complain that there isn’t a Starbucks around; once Starbucks opens in the area, some complain that the neighborhood has become gentrified.
Take this passage from a recent Banker and Tradesman article as affirmation:
A new Starbucks has opened facing the Fort Point Channel on Congress Street across from the Children’s Museum. And with that, it is official: the Seaport has been gentrified. The search for the next hot neighborhood must begin now, because the Seaport has jumped the shark…Hyperbolic, perhaps, but nonetheless true. The neighborhood’s conversion from the gritty artist community of Fort Point to the shiny office tower haven of the Seaport is all but complete.
Simple enough, the Seaport has seen a dramatic transformation and has some of the most expensive office building trades in Boston – in excess of $1,000 per square foot at 101 Seaport Boulevard.
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The Seaport office marker continues to grow with 101 Seaport Boulevard scheduled to host its new tenant PwC in October of 2015.
Banker and Tradesman observes, “construction crews from Skanska and its subcontractors attended a ceremony Tuesday as the final steel beam was placed atop the structure to complete the framing phase of the project…The parcel is part of the 23-acre Seaport Square development that is permitted for 6.35 million square feet of residential and commercial development. Skanska acquired the one-acre 101 Seaport parcel for $33 million from Morgan Stanley and Boston Global Investors in 2012.”
The full B&T article is available here: Aggressive Timetable For PwC Tower In Seaport