2011 Development Year in Review

Posted by Communications on Jan 5, 2012 in Development

 

2011 Development Stats

• 26 projects broke ground
• 2.4 billion was invested in new development
• 6,000+ construction jobs were created
• 4.9M square feet is under construction
• In the last quarter of 2011, construction began on 1,000 units of housing for the first time since 2006!

 

2011 Housing Groundbreaking Highlights

Avalon Exeter, 88 Exeter Street

• $100 million project
• 300 new construction jobs, 15 permanent jobs

The Kensington, 659 Washington Street

• $170 million project
• 400 construction jobs, 30 permanent jobs

Hayward Place, across from The Paramount Center

• $220 million project
• 450 construction jobs

 

 

2011 Commercial Groundbreaking Highlights

Fan Pier, Vertex Pharmaceuticals, Innovation District

• $800 million project
• 1,000 construction jobs, 1,300 permanent jobs
• largest private sector construction project in the country

 

 

2011 Institutional Groundbreaking Highlights

800 Huntington Avenue, Mass Eye and Ear

• $75 million
• 125 construction jobs, 70 permanent jobs

160 Mass Ave, Berklee College of Music

• $100 million project
• 300 new construction jobs, 15 permanent jobs

Tata Hall, Harvard Business School campus

• $100 million project
• 210 construction jobs, 20 permanent jobs

 

2011 Project Approval Highlights

• 46 projects were approved by the BRA Board
• 18 Letters of Intent were filed
• 24 Project Notifications Forms for large projects were filed or revised
• 17 Small Project Review applications were filed

45 Stuart Street, Theater District

• $125 million
• 600 construction jobs, 15-20 permanent jobs

319A Street Rear, Innovation District

• $150 million
• 400 construction jobs

1282 Boylston Street, Fenway

• $150 million
• 600 construction jobs, 360 permanent jobs

 

Boston Conservatory’s First Institutional Master Plan, Fenway

Copley Place, Back Bay

• $500 million project
• 1,700 construction jobs, 270 permanent jobs

Fenway Triangle Project, Fenway

• $315 million
• 800 construction jobs, 1200 permanent jobs

Parcel 24, Chinatown

• $130 million
• 700 construction jobs

Pier 4, Innovation District

• $150 million
• 400 construction jobs

Winsor School Campus Expansion, Longwood

• $297 million
• 440 construction jobs

 

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