Coming Soon... ARCEL H. South Boston Waterfront RFP Offering. Real Estate & Asset Management Department

Transcription

1 Coming Soon... ARCEL H South Boston Waterfront RFP Offering Real Estate & Asset Management Department

2 SUMMARY One of the last available parcels in the South Boston Waterfront, among the most sought-after real estate markets in the country 1.1 acre parcel (46,500 SF) to be made available through long term ground lease Potential to add an additional 1.4 acres (62,000 SF) with air rights over the Silver Line Up to 600,000 sf of transit-oriented, mixed use development potential Prominent location with street frontage on Congress Street and one block from the Boston Harbor Nearby open space and roadways ensure permanent city and water views Parking available at Massport s nearby South Boston Waterfront Transportation Center (SBWTC), a 1,550 parking space facility MBTA Silver Line Way stop located on Parcel H provides frequent public transit service to and from South Station and Logan International Airport Consistent with recent development RFPs, Massport intends to place special emphasis on diversity and inclusion throughout the project team

3 Heart of the South Boston Waterfront A unique opportunity to develop up to two acres in the heart of the South Boston Waterfront: take advantage of the growth that has brought millions of SF to one of the hottest markets in the country. CHARLESTOWN 90 Regional Access Excellent access to public transit and regional highways. CAMBRIDGE NORTH END 1A EAST BOSTON Global Connectivity Logan International Airport Connections to 76 domestic & 58 International destinations just minutes away. BEACON HILL DOWNTOWN BACK BAY Transit Oriented Development On-site MBTA Silver Line transit provides direct, frequent connections to Logan SOUTH Airport ENDand South Station; at peak hours, the Silver Line runs every two minutes. SOUTH BOSTON Lorem ipsum Lorem ipsum dolor sit

4 General Electric HQ Seaport Square/Amazon 440,000 SF Class A Office Opening 2021 NEMA Seaport 414-unit residential Opening 2019 Echelon Seaport 735-unit residential Opening 2019 Alexion Vertex Goodwin Proctor Institute of Contemporary Art Boston Harborwalk 43-mile continous open space along Boston Harbor Boston Convention & Exhibition Center Parcel A-2 600,000 SF Class A Office Opening 2022 Gables Seaport 307-unit residential Opening 2020 Commonwealth Pier Reinvestment in 600,000 SF space Omni Hotel Future 1,055 key hotel Opening 2021 South Boston Waterfront Transportation Center 1,550 parking spaces available to Parcel H 90 City Views Overbuild Parcel Up to 62,000 additional SF Parcel H 46,500 SF Harbor Views Parcel K Residential 293-unit residential Opening 2020 Hyatt Place 304-key hotel Opening 2020 Boston Harborwalk 300 feet away Blue Hills Bank Pavilion Waterfront concert venue $ Prime Real Estate Development Parcel H has 600,000 sf of mixed-use development potential. The South Boston Waterfront continues to experience tremendous growth, fueled by Boston s highly educated workforce, growth in Boston s life sciences and new-tech sectors, and an overall strong local economy.

5 $ Nearby Amenities Dozens of nearby restaurants, shops, hotels, and cultural institutions provide world-class amenities for employees, residents, and visitors. Strong Market The South Boston Waterfront s educated and talented workforce is attracting world-class companies, yielding high returns on commercial investment. 48% of residents have at least a Bachelor s Degree $212,000 average household income $5+ per SF average apartment rent $1,200 per SF achieved for sales of Class A office space An Experienced Partner Since 1999, Massport has successfully partnered with developers to complete nearly seven million square feet of commercial projects, including over three million square feet of commercial / office space, 1,800 apartments and 2,200 hotel rooms. The mixed-use Parcel H project will build upon Massport s success in executing long-term ground leases.

6 COMING SPRING/SUMMER 2019 For more information, please contact: Luis Mejias Senior Development Manager