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Hines Opens South Station Tower in Boston After 27-Year Development Process
Hines has opened the 51-story South Station Tower in Boston, 27 years after coming aboard as developer. Standing 690 feet tall, the mixed-use tower has signed Citadel, law firm Jones Day and insurer FM as its first office tenants. The top 16 floors are devoted to 166 luxury condominiums managed by The Ritz-Carlton.
Masslive.com reported that the $1.5-billion project faced repeated delays, due to both financial circumstances including the 2008 Great Recession and governmental ones. The development team needed to work with the Massachusetts Bay Transportation Authority to reshape the train and bus station and with the Federal Aviation Administration to adjust the building’s height.
“We’ve come full circle to a moment where we have made it through all of these challenges, and we are opening what we believe is the best new building in Boston,” Sarah Hawkins, who leads Hines’ East Coast office, told the Boston Globe.
- ◦Lease
- ◦Development
