Six Top Boston Projects Under Construction
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About 65 projects—valued at $7B—are underway in a building boom unmatched in the past 150 years, says Boston Redevelopment Authority spokesman Nick Martin. The activity is "historic and monumental." Here are some of the larger ones.
1) One Dalton
TDC - $700M
Units: 175 condos + hotel
Address: One Dalton
Developer: Carpenter and Co Inc
Architect: Cambridge Seven Associates and Pei Cobb Freed & Partners
The blocks around the Christian Science Center where Back Bay, Fenway and the South End meet had been long overlooked by developers. Soon it will have the city’s tallest residential tower. Carpenter & Co is building a 712k SF, 58-story high-rise with a Four Seasons hotel and luxury condominiums on the site bordered by Belvidere, Dalton and Saint Germain streets. Next door, the Pritzker Group of Chicago is building a mid-rise apartment building.
2) Burnham Building/Millennium Tower
TDC - $685M
Units: 442 + office, retail
Delivery: Q3 2016
Address: 426 Washington St
Developer: Millennium Partners
Architect: Handel Architects
Millennium Partners has been filling up the commercial space in this project, but the watershed event will be the completion of the 625-foot residential tower. Finally, the excavation hole left by a prior development team that irritated so many Bostonians (including the late Mayor Menino) will be replaced by a luxury tower. Overall, Millennium has invested $1.5B in the Downtown Crossing neighborhood since 2001. As partner Richard Baumert tells us, when you find a great location, stick with it.
3) One Seaport Square
TDC - $625M
Units: 832 + 260k SF of retail/restaurants
Address: One Seaport Square
Developer: The Berkshire Group, BGI and WS Development
Architect: Elkus Manfredi Architects
This mixed-use property will be a game changer for the Seaport thanks to its 260k SF of retail/restaurants. It’s the largest single project in the master planned $3.5B Seaport Square, a JV of Morgan Stanley and Boston Global Investors, which will have 20 buildings on 23 acres with 6.3M SF.
4) Brigham and Women's Hospital Building for the Future
TDC - $500M
SF: 442k SF
Delivery: Q3 2016
Address: 75 Francis St
Developer: Brigham and Women's Hospital
When it opens next fall, Brigham & Women’s will, for the first time, house under one roof clinicians and researchers dealing with neurological disorders.The hope: through easier, more frequent interaction, they’ll more rapidly discover new medicines and therapies. For instance, they'd like to develop one pill to treat some patients who now undergo multiple, time-consuming rounds of therapy.
5) 22 Liberty
TDC - $350M
Delivery: Q4 2015
Address: 22 Liberty
Developer: The Fallon CO and Mass Mutual
On Fan Pier, the super luxury condominium residences range from studio to three-bedroom with window walls of glass. When the building is completed later this year, it will boast the first homes sitting directly on the waters of Boston Harbor. The developers also built on Fan Pier the $900M HQ for Vertex Pharmaceuticals, among the early transplants from Cambridge.
TDC - $315M
Units: 172, 232k SF offices, 200k SF of retail
Address: 1325 Boylston St
Developer: Samuels & Associates
Architect: Elkus Manfredi
Just how confident is Samuels & Associates in the Fenway office market? It's got 232k SF spec office in the mixed-use complex. This couldn't have happened several years ago. The neighborhood once dominated by parking lots serving Fenway Park has had nearly $3B of projects in development bringing an outlying district into the downtown orbit. Over two decades, Samuels and its partners have invested about $2.3B in Fenway projects.