South Station Tower Construction to Begin.. Soon?

Real Estate

Boston’s most popular train and bus hub, South Station, redevelopment may officially have a start date.  And get this: it might be in 2019!  With redeveloping plans dating back almost a decade, the brand new 678-foot tower may be in the works very shortly.  This would make the new South Station tower one of the 10 tallest in the Boston area with 51 total floors.

Within the 51 floors, there will be 175 condos on the upper floors and nearly 780,000 square feet of office space on the lower floors.  In addition, an expanded bus terminal, an 895-spot garage, a 349-foot residential tower, and a 279-foot office space plan to be included in this project.

The company who plans to develop this tower, Hines, is set to ask BPDA to approve two new commercial investors.  That funding plans to come from Dutch pension fund manager APG Asset Management and Dune Real Estate Partners.  Also, there is no tenant to lease the office portion yet but Hines still plans to move forward.  The condos expect to easily fill with residents when the time comes.

 

Photo & article source: https://boston.curbed.com/2019/10/16/20916977/south-station-tower-boston-hines