Skanska USA Commercial Development has broken ground on Seaport Square’s $126m office tower in the US.
The 17-storey, 440,000ft² office tower, dubbed 101 Seaport, is situated at the south-east corner of Seaport Boulevard and Boston Wharf Road in Boston’s Innovation District.
The tower will feature 20,000ft² of ground floor retail space targeting LEED Gold certification from the US Green Building Council.
101 Seaport will also serve as the Boston headquarters for PricewaterhouseCoopers (PwC), which will occupy 75% of the tower.
Sustainable features of the facility include building systems and floor plates, which will yield a predicted 40% water use reduction and 30% energy use reduction, as well as enable PwC to decrease its ecological footprint by 12%.
Boston Mayor Thomas Menino described the groundbreaking for the tower as a substantial stride forward for the Innovation District.
"101 Seaport, and its anchor tenant in PwC, represents the leadership in innovation, sustainability, and business that have become synonymous with the City of Boston and our business community," Menino said.
Construction of the tower is expected to be completed in October 2015.
Skanska USA Commercial Development executive vice president in Boston Shawn Hurley said, "With its elegant design and highly sustainable features, 101 Seaport will not only enrich Seaport Boulevard’s streetscape, but also create a strong connection among South Boston’s economy, environment and community that will benefit the neighbourhood for years to come."
Skanska is also developing Watermark Seaport with Twining Properties near 101 Seaport.
Both 101 Seaport and Watermark Seaport are part of the 6.35 million ft² of residential, commercial, hotel, retail and civic/cultural space planned in Seaport Square by MS Boston Seaport, a partnership between Morgan Stanley and Boston Global Investors.
Construction on Watermark Seaport is anticipated to begin later this autumn.