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Two Financial Center Awaits Permit Resolution

BOSTON-Two Financial Center received approval from the Boston Redevelopment Authority a year ago but a legal action by abutters of the proposed 12-story building has prevented the developers from obtaining permits. The developers are confident that the legal resolution is coming shortly.

By Naomi Grossman | Updated on November 08, 2001

BOSTON-While Two Financial Center, the 12-story building being developed here near South Station approved by the Boston Redevelopment Authority last year, has yet to receive the permits it neet to go forward because of a lawsuit pending against the BRA over its designation of the building. But Robert Seamen, director of marketing and leasing for Rose Associates, the building’s developer, tells GlobeSt.com that he is confident the matter will be resolved “any day now.”According to Meredith Bauman, spokesperson for the BRA, three actions were brought against the Authority for granting the area of Two Financial Center 121A status, which means it is deemed a blighted area. Two of the suits–which are being brought by the neighborhood association of the leather district, which abuts the property–have been settled but the last one is still pending.Bauman notes that the lawsuits “hampered the progress [of the building] but not significantly.” But she adds, “This is the last thing and I believe we will be hearing the outcome very shortly.” The building is being developed near Rose Associates’ One Financial Center and will have 200,000 sf of rentable space. According to Seamen, the building is 50% potentially pre-leased by one tenant. Seamen declined to disclose the tenant’s name.

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