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Seaport Square Development Moves Forward

 

Rendering of Seaport Square, courtesy of the Boston Redevelopment Authority

Rendering of Seaport Square, courtesy of the Boston Redevelopment Authority

In a city dominated by new developments, South Boston’s $3.5 billion Seaport Square is the largest of them all. Spanning 20 city blocks and 23 acres, construction on the project broke ground in November 2014 but further developments were held up in March due to a potential lawsuit which was dropped last month. No longer under the threat of litigation, Boston Global Investors — who are developing the project along with a group of foreign investors — have recently submitted plans for a $700 million expansion of the project and the new phase of construction could break ground as early as the first quarter of 2016.

The new plans, which are currently under review by the Boston Redevelopment Authority and the Boston Civic Design Commission, call for the addition of three 22-story luxury residential towers and 125,000 square feet of retail space on a 3.5 acre parcel currently utilized for parking. The towers will each rise to approximately 256 feet and will bring around 1150 brand-new residential units to the neighborhood. A three-story underground garage will be constructed beneath the site, which will also feature a 9,000 square foot outdoor plaza. This new green space is intended to be a vibrant gathering place for the community and should play host to a number of events throughout the year. Four pedestrian pathways will form a perimeter around the site, allowing for easy access to the plaza.

The Seaport Square project is currently on track for completion in 2020 and aims to create one of the most modern and pedestrian-friendly neighborhoods in the Boston.

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