Drew, Urban Retail File Waterside Place Plans With City

BOSTON-The joint venture partners for the 1.2-million-sf Waterside Place project filed plans with the city. The mixed-use development calls for the an 11.3-acre site, including the South Boston waterfront area known as “core block”, to be transformed into retail, hotel and residential space. It is across from the new Boston Conference and Exhibition Center and estimated to cost in the neighborhood of $400 million.

In February, Urban Retail Properties Co. out of Chicago and the locally based Drew Co. won a bid to develop what is expected to be one of the largest public improvement projects in the city’s history. The project, will over 600,000 sf of retail space, a 20-story condominium complex, a visitor’s center, a 21-story hotel and more than 2,000 parking spaces. Drew Co. CEO John E. Drew has called the site “a new landmark in South Boston.” Urban officials stated that they expect the project will accelerate development in the area.