BOSTON-The latest attempt to develop South Boston’s Parcel F has reached another significant stage in the process, with the Massachusetts Port Authority narrowing the list of bidders for the prime 1.5-acre parcel to three. Another three were eliminated by the decision, including Donald Chiofaro, who earlier this year was dedesignated as developer of the property when his pre-selected tenant backed out of the deal.

The Trammell Crow Co., Manulife Financial and Beacon Capital Partners will now compete against each other, with each company proposing office buildings for the site. ManuLife’s plan is seen as having a leg up by some, given that the Toronto-based insurer has tied the project to the planned relocation of several thousand employees into Boston. The size of each finalist’s proposal is similar to the 17-story, 470,000-sf structure that Chiofaro had envisioned, both in the earlier round and in his latest effort.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.