Construction Continues To Drive This Economy And It’s Great To See by Joe Guarino

 In News, Newsletter: Summer '19

Ground has broken on an iconic tower rising at One Congress Street in Government Center, the million square foot tower that will house State Street’s new corporate headquarters. The tower is the largest office building to go up in Boston since 2000, and it was designed to meet the latest in office design and add a new landmark to the Boston skyline.

Reflecting steady recovery of Boston’s downtown over the last decade, construction crews continue to work on another piece of the Bullfinch Crossing development, a 46 story apartment and condo tower.

Winthrop Square Tower and Suffolk Downs Redevelopment – two major projects moving forward in Boston – represent many more work opportunities for our District Council 35 crafts for years to come.

Suffolk Downs Redevelopment will be transit-oriented. The HYM Investment Group proposes approximately 10.5 million square feet of development on an approximately 161 acre site, where East Boston meets Revere. The development will be a whole new neighborhood – a grid of housing and office space with roughly the population of the Back Bay. The multi-phase proposal will include development of a new mixed use neighborhood, a 40 acre publicly accessible open space system, and two retail squares at Suffolk Downs and Beachmont T stations. The space will hold over 10,000 apartments and condominiums, along with office space for 25,000 workers. The development would be constructed in phases over a 15 to 20 year period, and construction is likely to cost over $1 billion.