Capital investment of more than $2.4 billion in the past decade -- for residential units, restaurants, theater restorations, college facilities, and lecture halls -- has created a 24/7 neighborhood here in downtown. New mixed-used projects valued at nearly $800 million are planned or currently underway for Downtown Boston.
Related Beal's Congress Square project is slated to redevelop 82 Devonshire St., and the abutting properties into a 458,300 sq. ft. mixed-used property including hotel, multi-family residential, and retail components. Set to include 92,700 sw. ft. of new development, the project is anticipated to launch in fall 2015. For a complete, chronological fact sheet of major downtown development projects from the past decade, please visit here.
Selection Of Recent Completed Projects
45 PROVINCE (45 Province St.): The $120 million 45 PROVINCE opened for residents in June 2009. The 31-story, 337,000-sq.-ft., 150-unit condominium tower includes the Cakeology kitchen, with a Torit Language Center Montessori school and Exhale spa above and the MAST' restaurant opening soon.
Ames Boston Hotel (1 Court St.): The $58 million Ames Boston Hotel opened for guests in December 2009. The 125-room boutique hotel is immediately adjacent to City Hall Plaza.
AVA Theater District (45 Stuart St.): A $125 million development project for a 29-story, 384,000-square-foot, 404-unit residential tower (including 40 on-site affordable housing units). Opened for residents in spring 2015.
Hamilton Crossing (8 Winter St.): The $8.5 million Hamilton Crossing opened for residents in July 2013. A former office building, the 12-story, 50,000-sq.-ft., 48-unit apartment tower is located in the center of Downtown Crossing.
The Kensington (665 Washington St.): The $170 million Kensington opened for residents in October 2013. The 27-story, 457,000-sq.-ft., 385-unit apartment tower project made improvements to Boylston Square/Liberty Tree Park and partially widened LaGrange Street.
Lafayette City Center (2 Ave. de Lafayette): The $5 million lobby renovation project includes a new security desk, elevator area, lounge seating, and more. The new lobby debuted in April 2014.
Millennium Place III (580 Washington St.): The $220 million Millennium Place opened for residents in November 2013. The 15-story, 391,000-sq.-ft., 265-unit condominium tower includes the Legal Crossing ("LX") restaurant and Caffe Nero.
Modern Theatre (525 Washington St.): The $35 million restoration of the Modern Theatre debuted in October 2010. Suffolk University's restoration project transformed the vacant building into a new 2,400-square-foot, 185-seat black box theater complemented by a 800-square-foot art gallery/function space and 190-bed student dormitory.
Paramount Center (559 Washington St.): The $80 million restoration of the Paramount Center debuted in January 2010. The mixed-use center includes a 550-seat main theater, 125-seat black box theater, 174-seat screening room, 2,000-square-foot rehearsal space, 262-bed student dormitory, and a ground-floor restaurant, Salvatore's.
Park Street Station Elevator Project: The $10 million Park Street Station elevator upgrade, part of a system-wide $122 million project, was completed in December 2012.
Radian (120 Kingston St.): This $130 million redevelopment project is for a 26-story, 228,865-sq.-ft., 240-unit apartment tower with 5,300-sq.-ft. of ground-floor retail space along with 70 below- grade parking spaces. Leasing for tenants began spring 2014.
State Street Station Modernization Project: This $68 million station renovation debuted in May 2011. The renovation included new ADA-compliant elevator access, new entrances at 53 State Street & 60 State Street, a redesign of the Boston Massacre Plaza, and a new panel series of historical displays.
Burnham Building (10 Summer St.): This historic $120 million restoration project--coupled with the Millennium Tower development (see below)--includes eight stories and 285,000-square-feet of mixed-use office/retail. Opened for office tenants in September 2014. A flagship Roche Bros. supermarket will debut in spring 2015. Primark, a fashion department store, is scheduled to open in late 2015.
Godfrey Hotel (59 Temple Pl.): A $83 million redevelopment project includes the conversion of 59 Temple Place into a new, 135,000-square-foot, 243-room boutique hotel with ground floor retail. Estimated completion: fall 2015.
Government Center Station: A $90 million renovation project which includes ADA-compliant elevator access, new LED signage, new station lighting, a backup power supply, and more. Estimated completion: early 2016.
Millennium Tower (1 Franklin St.): This landmark $495 million redevelopment project at the site of the former Filene's is for a 625-foot, 60-story, 1.2 million-sq.-ft., 450-unit condominium tower with 95,000-square-feet of street-level retail. Estimated completion: 2016.
Winthrop Square Garage (115 Winthrop Sq.): Eight developers have submitted proposals to redevelop this closed city-owned garage. Most of the proposals envision a mixed-use tower of between 700-750 feet and 750,000-1,500,000 square-feet. Several of the proposals include plans for a significant residential, retail, and hotel component, along with space for office tenants.