Wednesday, July 8, 2015

Skanska Breaks Ground on Seaport Office Tower

121 SeaportConstruction began this week on a new 17-story Class A office building in Boston's vibrant Seaport District, part of Skanska's $281 office and retail complex. Skanska USA Building is the construction manager for the project and will add a contract value of $150 million in order bookings for the third quarter of 2015. Skanska is building the tower on a speculative basis, with no tenants signed; construction is expected to be finished in early 2018.

Designed by Boston architectural firm CBT, the elliptical-shaped glass office building features two floors of retail and two below grade parking levels, with total leasable space of approximately 400,000 square feet. The curved shape of the tower will create work spaces that are better suited for collaboration because there will no corner offices, said David Nagahiro, principal at CBT Architects. The highly sustainable building is targeting LEED Platinum certification.

"121 Seaport is not your typical office building," said Shawn Hurley, executive vice president of Skanska USA Commercial Development in Boston. "We believe that 121 Seaport is pushing that design level in the city."

"As the district gets a little bit filled out, developers are going to have to be strategic about differentiating themselves from other buildings," added architect Tim Love, principal at Utile Inc. and president of the Boston Society of Architects. "The developer obviously made the decision that it's worth spending more on a building like that to attract tenants because it's kind of a marquee address."

"I want to congratulate Skanska and CBT as they break ground on this unique office building on Boston's waterfront," said Mayor Walsh at the groundbreaking ceremony. "The development team has clearly put a lot of thought into making 121 Seaport a place where people get excited about going to work. Put that atmosphere together with the building's sustainable features, and you get a truly unique development in one of the fastest growing areas of our city."

For more news and information visit Blumberg Partners.

No comments:

Post a Comment