coming soon parcel h · 600,000 sf class a office opening 2022 boston harborwalk 43-mile continous...
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PARCEL HSouth Boston Waterfront RFP Offering
Coming Soon...
Real Estate & Asset Management Department
OFFERING 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
PARCEL H OFFERING
9093
BACK BAY
EAST BOSTON
BEACON HILL
NORTH END
DOWNTOWN
SOUTH END
CAMBRIDGE
CHARLESTOWN
SOUTH BOSTON
1A
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.
Excellent access to public transit and regional highways.
Regional Access
90
PARCEL H
Logan International AirportConnections to 76 domestic & 58 International destinations just minutes away.
Transit Oriented Development
On-site MBTA Silver Line transit provides direct, frequent connections to Logan Airport and South Station; at peak hours, the Silver Line runs every two minutes.
Global Connectivity
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Boston Convention & Exhibition Center
Omni HotelFuture 1,055 key hotel
Opening 2021
Blue Hills Bank PavilionWaterfront concert venue
Institute of Contemporary Art
Hyatt Place304-key hotelOpening 2020
90
South Boston WaterfrontTransportation Center
1,550 parking spaces available to Parcel H
PARCEL HParcel K Residential
293-unit residentialOpening 2020
Parcel A-2600,000 SF Class A Office
Opening 2022
Boston Harborwalk43-mile continous open space along
Boston Harbor
Seaport Square/Amazon440,000 SF Class A Office
Opening 2021
Echelon Seaport735-unit residential
Opening 2019
Gables Seaport307-unit residential
Opening 2020
NEMA Seaport414-unit residential
Opening 2019
Commonwealth PierReinvestment in 600,000 SF space
AlexionGeneral Electric HQ
Vertex
Goodwin Proctor
Boston Harborwalk300 feet away
CityViews
Harbor Views
Parcel H46,500 SF
Overbuild ParcelUp to 62,000 additional SF
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.
Prime Real EstateDevelopment
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PARCEL H OFFERING
Dozens of nearby restaurants, shops, hotels, and cultural institutions provide world-class amenities for employees, residents, and visitors. Strong Market
$Nearby Amenities
48% of residents have at least a Bachelor’s Degree
$212,000 average household income
$5+per SF average apartment rent
$1,200per 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.
The South Boston Waterfront’s educated and talented workforce is attracting world-class companies, yielding high returns on commercial investment.
OFFERINGPARCEL H
For more information, please contact: Luis Mejias
Senior Development Manager617-568-3113
COMING SPRING/SUMMER 2019
OFFERINGPARCEL H