Besides the one-million-sf tower, the estimated $800-million South Station includes a nine-story, 500,000-sf office building and 200-room hotel with 150 residential units set in a 13-story building. Houston-based Hines Interests LP is co-developing the project with TUDC LLC, a subsidiary of Tufts University. Construction on the first phase is expected to begin this year with completion set for 2010.
"As the city prepares to amend its zoning code to require green building, I am pleased to see Hines taking the lead on this issue," Menino says in a press release about the pre-certification. "They are proving what we've been saying: green makes sense--it's good for the environment and good for your wallet." If the green building article is ultimately approved, Boston would become the first major US city to require developers to secure LEED certifications.
Designed by Pelli Clarke Pelli Architects of New Haven, CT, the project also includes about $40 million in privately funded, transit-related improvements. When completed, the South Station terminal will end up with a 40% increase in capacity.
A spokeswoman for the Boston Redevelopment Authority tells GlobeSt.com that although the project is the first to receive LEED pre-certification for its shell and core, it will receive other LEED certifications once it is completed. The Manulife Financial's building on the South Boston waterfront was the first building in the city to receive full LEED certification, she says. The 601 Congress St. building serves as the company's US headquarters.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.