Photo Source: GENSLER ARCHITECTURE
After a slow start getting the project under way General Electric has begun the construction of their new headquarters in Fort Point in Boston.
Following an intense competition between several cities over the location of the new headquarters, GE relocated in 2016. Boston pledged around $125 million in state funds and property tax breaks to draw GE here. Almost all that money will be used for land purchasing and the developing cost of the new location. Yet, even with that money pledged to construction the new GE campus plans have been delayed multiple times.
The new campus will consist of a modern 12-story building (shown above) and the renovation of two brick buildings. Additionally, GE will create public spaces in their new 2.7-acre site, will enhance the HarborWalk along the Fort Point Channel, and will renovate the public dock space.
Construction on the two older brick buildings has begun but GE has decided to do the work in two phases. Work on the tower will not begin under after the renovation is done in 2019.
The new building is estimated to open in 2021 and is expected to employ around 800 people.
Exec. Says Company Committed New Boston Headquarters [Boston Globe]
GE Delays Plans to Open New Tower [Boston Globe]