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.