Boston Redevelopment Authority News and Updates: Seaport Square to New Innovation Center, 23-Acre Mixed-Use Sustainable Neighborhood

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TUESDAY, SEPTEMBER 21, 2010

Blog Topics

Seaport Square to Enhance Citys Innovation District with

New Innovation Center, 23-Acre Mixed-Use Sustainable
Neighborhood

AisleBuyer Allston APA Artist Space Initiative Back

Bay Beacon Hill Boston Designers Boston Main
Streets Boston University BRA Board BRA Board
Meetings Brighton

Planning
Boston

Study Charlestown

Mayor Thomas M. Menino today announced

that Seaport Square $3 Billion master plan
will be the latest and largest addition so far to
Bostons Innovation District. With the district

Children's

Hospital

Chinatown

Capital

Development

Creative

already home to a growing array of creative and

entrepreneurial companies, the City is pushing

Channel Goverment Center Government Center

the development community to be bold and

creative to ensure that Boston stays at the
forefront of the innovation economy in the 21st

Hotel

century. This 6.3 million square foot project

will be Bostons largest development in history,

Sciences LifeTech Boston Longwood Mission Hill

signaling the strength of Bostons economy and

continued investment in the city. Seaport
Square has embraced the challenge of the

Businesses

Solar

Sustainable

Neighborhoods

Innovation District -- to be bold, creative and

keep our economy growing. Together, we are creating a unique, diverse and entrepreneurial

Wentworth Institute of Technology West End

Project

Downtown Crossing Earned Income Tax Credit

EITC Boston EvaluatePharma Fenway Fort Point
Green Building Greentech Boston Groundbreaking

Housing
Innovation
District
Institutional Development Jamaica Plain
Jobs and Community Services LEED Certifiable Life

Planning

PNF

Retail

RFP

South

Roxbury

Boston

Small

South

Sustainable

End
Roofs

Sustainablity Theaters Welcome Home Challenge

neighborhood that will help Boston attract and retain new industries and the citys young, talented
workforce, " said Mayor Menino.
As a new 23-acre mixed-use sustainable neighborhood containing approximately 6.3 million
square feet of residential, retail, office, hotel, innovation, civic and cultural uses, the project
will support and enhance the South Boston Waterfront, Bostons Innovation District.
Seaport Square includes the construction of an Innovation Center in 2011 which will foster
interactions and an exchange of knowledge to emerging businesses, creating new jobs for
Boston residents, and housing for companies creating innovative products and services. This
new innovation center will allow for small firms to generate ideas and intermingle with larger
firms, already located in the Innovation District, who have the access to capital and the ability
to scale and grow those ideas. In addition to the Innovation Center, the project has dedicated
20% of the non-residential buildout to innovation space.

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Boston's Clean Tech Industry

The addition of Seaport Square builds upon an impressive cluster that is already present in
the Innovation District, including: MassChallenge, which is running a start-up competition
from Fan Piers One Marina Park Drive office building; Thomson Reuters, a leading
innovative information technology group that employs 2,000 people in the Fort Point
Channel; a number of cutting-edge companies within the Boston Marine Industrial Park Artaic, Dana Farber Cancer Institute, Next Step Living, and Ginkgo BioWorks; and the
recent approval of Waterside Place, which includes the creation of a 14,000 square-foot
Innovation Center that will provide office/flex/IT rack space for small entrepreneurial and
developing companies.

Boston's Innovation District

Artist Space Initiative
ONEin3Boston

BRA News Release

City Moves Forward on Affordable Housing
Agenda

Seaport Square includes the creation of 20 new urban blocks with 22 new buildings that will

BRA Board Meeting Agenda for 10-17-13

(draft)

house approximately 6.3 million square feet of residential, retail, office, innocvation, hotel,
civic and cultural uses. Several new parks, plazas and pedestrian ways will be created as a

EDIC Board Meeting Agenda for 10-17-13

(draft)

http://bostonredevelopmentauthoritynews.blogspot.com/2010/09/seaport-square-to-enhance-citys.html

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Boston Redevelopment Authority News and Updates: Seaport Square to New Innovation Center, 23-Acre Mixed-Use Sustainable Neighborhood

1/31/14 9:27 AM

part of the project, including an active recreation park slated to begin construction in 2011.

Agenda for Tuesday 10/15/2013 Meeting of

Boston Civic Design Commission

The projects residential component includes the creation of 2,500 for sale and rental homes,

EDIC Board Meeting Agenda for 10-8-13

(draft)

including 325 affordable units as well as the 325 innovative workforce housing units. The
workforce housing units are intended for people whose income is too high to qualify for the
restricted affordable housing units but who are often priced out of the housing market, and
include types of housing that will attract new economy employers to the district, including cohousing and/or live-work housing.
All told, the project is expected to create approximately 10,000 construction jobs and
approximately 20,000 permanent jobs. The permanent jobs will be created through the retail
stores, office and research uses, hotels, and services related to the residential uses. The
project is also expected to generate approximately $35 million in annual property taxes,
approximately $31 million in annual sales taxes as well as approximately $3.5 million in state
hotel occupancy tax, approximately $3.7 million in local occupancy tax, and approximately
$1.7 million toward the convention center financing fee. Additionally, the project is expected
to generate approximately $32 million in housing and jobs linkage funds to the City of
Boston.
Posted by Marketing at 7:58 PM

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Marketing

http://bostonredevelopmentauthoritynews.blogspot.com/2010/09/seaport-square-to-enhance-citys.html

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Boston Redevelopment Authority News and Updates: Seaport Square to New Innovation Center, 23-Acre Mixed-Use Sustainable Neighborhood

1/31/14 9:27 AM

Communications
NS

http://bostonredevelopmentauthoritynews.blogspot.com/2010/09/seaport-square-to-enhance-citys.html

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