December 28, 2012 – (RealEstateRama) — 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
Mayor’s Press Office
Press.Office (at) cityofboston (dot) gov
