Mayor Menino Hails Boston's 2012 Building Boom
22 Developments Broke Ground, Investing $1.6 Billion in Boston, and Creating 2,450 New Construction Jobs
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For Immediate Release
December 27, 2012
Released By:
Mayor's Office
For More Information Contact:
Mayor's Press Office
Press.Office@cityofboston.gov

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: 319 A Street Rear

$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 project

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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