coming soon parcel h · 600,000 sf class a office opening 2022 boston harborwalk 43-mile continous...

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

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Page 1: Coming Soon PARCEL H · 600,000 SF Class A Office Opening 2022 Boston Harborwalk 43-mile continous open space along Boston Harbor Seaport Square/Amazon 440,000 SF Class A Office Opening

PARCEL HSouth Boston Waterfront RFP Offering

Coming Soon...

Real Estate & Asset Management Department

Page 2: Coming Soon PARCEL H · 600,000 SF Class A Office Opening 2022 Boston Harborwalk 43-mile continous open space along Boston Harbor Seaport Square/Amazon 440,000 SF Class A Office Opening

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

Page 3: Coming Soon PARCEL H · 600,000 SF Class A Office Opening 2022 Boston Harborwalk 43-mile continous open space along Boston Harbor Seaport Square/Amazon 440,000 SF Class A Office Opening

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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Page 4: Coming Soon PARCEL H · 600,000 SF Class A Office Opening 2022 Boston Harborwalk 43-mile continous open space along Boston Harbor Seaport Square/Amazon 440,000 SF Class A Office Opening

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

$

PARCEL H OFFERING

Page 5: Coming Soon PARCEL H · 600,000 SF Class A Office Opening 2022 Boston Harborwalk 43-mile continous open space along Boston Harbor Seaport Square/Amazon 440,000 SF Class A Office Opening

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

Page 6: Coming Soon PARCEL H · 600,000 SF Class A Office Opening 2022 Boston Harborwalk 43-mile continous open space along Boston Harbor Seaport Square/Amazon 440,000 SF Class A Office Opening

For more information, please contact: Luis Mejias

Senior Development Manager617-568-3113

COMING SPRING/SUMMER 2019

OFFERINGPARCEL H