Mayor Menino Hails Boston’s 2012 Building Boom

Posted by Communications on Dec 27, 2012 in Development

22 Developments Broke Ground, Investing $1.6 Billion in Boston, and Creating 2,450 New Construction Jobs 

Mayor Thomas M. Menino today recognized the 22 developments that broke ground in 2012, a total investment of $1.6 billion, which put 2,450 construction workers back on the job and will create 2,010 units of housing.

“Cranes crowd the city skyline because investors are bullish on Boston,” Mayor Menino said. “Thanks to a growing innovation economy, a young and energized population, and an educated workforce – Boston is booming.”

In 2012 projects broke ground in Allston/Brighton, Charlestown, Chinatown, the Innovation District, Jamaica Plain, the LMA, Mattapan, Roxbury, and South Boston. These projects have housing, hotel, athletic, municipal, office, and retail uses.

In addition, the Boston Redevelopment Authority board approved 37 projects in 2012 a total investment of $3.4 billion, which put 5,217 construction workers back on the job and will create 3,898 units of housing. These project approvals ensure Boston’s building boom will continue into 2013.

 2012 Development Year in Review: Groundbreaking Highlights

• 22 projects broke ground
• $1.6 billion was invested in new development
• 2,450 construction jobs were created
• 4.6 million square feet is under construction
• 2,010 units of housing

Boston Wharf Tower, Fort Point: $100M project, 202 units of housing, including 22 affordable

Boston Innovation Center, Innovation District: $5.5M project, crucial part of Innovation District social infrastructure

Dudley Municipal Office Building, Dudley Square: $115M project, future headquarters of Boston Public School Department

Longwood Center, LMA: $350M project, cutting edge research and development facility

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012 Development Year in Review: Approved Project Highlights

• 37 projects were approved by the BRA Board
• $3.4 billion in planned development investment
• 5,217 construction jobs will be created
• 7.5 million square feet of approved development
• 3,898 units of housing

Millennium Tower and Burnham Building: $625 million, 500+ units of housing, ground floor retail and office

New Brighton Landing: $500 million project, future New Balance World HQs

59 Temple Place: $60 million project, boutique hotel, restaurant, retail, and spa

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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