15,000 Square Feet of Space in BGI’s Innovative New Seaport District Tower
October 12, 2023 – By Tom Palmer
BOSTON – Boston Realty Advisors, the largest independent real estate brokerage in Massachusetts, has been engaged as the exclusive broker of the extensive retail space at 10 World Trade, Boston Global Investors’ 17-floor premier research and development tower now rising in the Seaport District.
With cutting-edge technologies in exterior glass, interior climate control and other innovative elements of future commercial space, the 555,250-square-foot 10 World Trade is being constructed with extensive open space and extraordinary public access on a ground level, open seasonally on all four sides.
10 World Trade, at the intersection of Congress Street and World Trade Center Avenue, will have a ground-level food hall as part of 15,000 square feet of retail, to be curated by Boston Realty Advisors, in the heart of the Seaport District.
“As it takes shape in the growing Seaport neighborhood, 10 World Trade is already becoming known as one of the outstanding commercial spaces that define Boston,” said Whitney Gallivan, Managing Director and Partner of Boston Realty Advisors. “We are honored to have been chosen by BGI and their partners to activate 10 World Trade’s attractive retail spaces.”
A fast-growing 24/7 neighborhood, the Seaport is already home to hundreds of the world’s most innovative and established companies, as well as to hundreds of Boston residents.
“Boston Realty Advisors brings world class execution and local authenticity to our flagship development at 10 World Trade,” said John Hynes IV, Project Executive for BGI. “We’re excited to officially welcome them to the team as we build a real destination for the community, and we look forward to sharing some more very exciting updates in the near future.”
10 World Trade is being constructed jointly by Suffolk Construction of Boston and H.J. Russell & Co. of Atlanta. Architectural and engineering services are from Sasaki, Thornton Tomasetti, C3 and ARUP.
Investors include PGIM Real Estate, Wheelock Street Capital, Bastion Companies, CCG Development, and EDGE. From conception and design, through financing and construction, 10 World Trade has involved extensive minority and female-owned participation.
“10 World Trade will empower, connect, and inspire those who are shaping the future by leading the way in sustainable, human-centered design,” according to BGI. About 287,000 square feet of space is designated for life sciences and 258,000 for office use.
The new building has direct access from Summer and Congress streets, I-90 and I-93, with 275 parking spaces in the adjacent South Boston World Trade Center Garage.
It features a number of innovations that enhance sustainability and comfort, including View Smart Windows, which use predictive artificial intelligence to tint or brighten, either automatically or by command, eliminating glare and reducing airborne particles while maximizing views, thermal comfort and energy savings.
Within a half mile of 10 World Trade are more than a million square feet of dining, retail and entertainment; more than three million square feet of new residential space; more than 3,200 hotel rooms, and 15-plus acres of outdoor public realm and parks.
A dramatic, 45-foot-tall atrium connects the building’s two lobby levels with a grand stair, escalators, and a public elevator. Indoor and outdoor space merge, as operable glass walls create a seamless transition between the ground floor and the surrounding urban fabric.
As part of a commitment to activating the project site for building tenants and the local community alike, the development has engaged Isenberg Projects of Boston to oversee year-round programming and events.
Boston Global Investors, founded by John Hynes, was one of the original developers of the Seaport District, hundreds of acres of filled Boston land that from the 19th Century on became a center of warehouse, shipping, industrial and maritime activity, driving Boston’s growing economy. BGI oversaw the development of over two million square feet in the Seaport from 2012 to 2016, including its own headquarters on Seaport Blvd.
Read article as featured on Yahoo FinanceTags: Boston Commercial Real Estate, Boston Retail, gus hoffmann, joe wagner, Whitney Gallivan