BOSTON—WS Development, which owns approximately 500,000 square feet of existing or in development retail space at the Seaport, has paid $359 million to shape its vision for the district, which could include up to 2.8 million square feet of mixed-use space.
Chestnut Hill, MA-based WS Development has acquired 12.5 acres across 10 blocks on Seaport Boulevard, Congress Street, and Summer Street from partners Morgan Stanley and Boston Global Investors. WS Development will now move forward with plans to build nearly three million square feet of residential, office, hotel, retail, parks and community space at the parcels.
Morgan Stanley, BGI and WS Development acquired the 23-acre Seaport Square parcels in 2006 and since then have secured approvals for massive development projects and/or sold off some of the parcels.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
