Seaport is Building 19.2 Million Square Feet
You read that headline right. We all know Boston’s Seaport has become the most sought-after neighborhood for corporations and residents in the East Coast. From asphalt parking lots to glimmering high-rises, the Seaport is now home not just to the hottest companies, but to an array of world-class dining, entertainment and shopping.
It appears this thriving market was built overnight but since 2006, the Seaport has seen the delivery of over 2.9 million square feet of office space, 590,000 square feet of retail space as well as more than 2,500 luxurious units–with another 839 slated to deliver before late 2019.
Upon the completion of Fan Pier, elite developer Tishman Speyer constructed Pier 4; a world-class development, home to luxury living and vibrant offices. 2020 will mark Seaport’s largest release of developments with projects such as Residences at 399 Congress, Echelon and the latest phases of Seaport Square, the District’s largest project in three decades. Seaport Square will encompass 7.6 million square feet of mixed-use space featuring prime retail, office, hotels, and residences.
Between 2002 and 2010, growth in the Seaport remained stagnant but tight market forces in East Cambridge resulted in the arrival of Vertex Pharmaceuticals. The unorthodox profile of the user became a catalyst in broadening the image of the neighborhood, bringing future businesses to the Seaport.
Today, the Seaport has orchestrated a recipe of success. By combining work, life and play, developments such as Boston Landing, Assembly Row and Cambridge Crossing are eagerly following in the Seaports footprints.