3 Developers Submit Proposals For BPDA-Owned Site In Seaport

Former Stavis Seafood facility.
Former Stavis Seafood Facility.

Three development teams have filed competing proposals for a city-owned site in the Seaport that once housed a seafood processing facility.

The Boston Planning & Development Agency offered up the 1.1-acre Parcel U at 7 Channel St., calling for commercial uses other than hotel or residential. The three proposals are focused primarily on life sciences, Banker & Tradesman reported

Marcus Partners and RISE Together's proposal calls for a 181K SF lab building that would include classroom space for training programs.

Lincoln Property Co. and Quaker Lane Capital proposed a 181K SF building: 167K SF of lab and office space, a 7K SF community training lab and a 6,570 SF café.

Beacon Capital Partners and the Boston Real Estate Inclusion Fund’s proposal called for a 292K SF office and lab building that would also include a 4,160 SF, ground-floor marine industrial use and an option for another two-story, 10K SF fire station.

The BPDA also asked all of the developers to include sustainability designs as part of the agency's decarbonization strategy for parcels owned and managed by the BPDA and the Economic Development and Industrial Corp. of Boston.

The site was home to a Stavis Seafoods processing facility but now lies unoccupied. The facility shut down after the company was fined for the death of a worker due to an ammonia leak in 2016. The site is next to the MassDOT Highway Operations Center and the Boston Redevelopment Authority.

Nearby at 7 Channel Center St., another 225K SF, nine-story office and lab building was proposed in June. This development is the final part of a decades-long transformation of the 7-acre Channel Center by Beacon Capital Partners.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

FoxRock Buys Quincy Office At 78% Discount After Luring Tenant Away

Development Constraints In Massachusetts Push More Investors To Southern New Hampshire

Liberty Mutual Plans New Office Project To Consolidate HQ: The Boston Deal Sheet

Copper Mill Sues Partners Over Collapsed Deal For 750-Unit Dorchester Project

Wu Secures Approval To Give Tax Breaks To 4 Big Multifamily Projects

Why Boston Has One Of The Nation's Hottest Retail Markets

Foreclosure Suit Filed At Stalled Penn Plaza Life Sciences Project

CIM Sells Back Bay Garage Once Planned For 20-Story Condo Tower

Global Investor Buys 8 Mass. Industrial Buildings For $76.5M: The Boston Deal Sheet

JLL Nabs Brokerage Team With Over 75 Years Combined At Rival CBRE

Revere Beach Apartments Sell For $77M

The VC Rebound Won't Save All Lab Real Estate