121 Seaport Boulevard | Parcel L2 | Seaport Square

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Man, if the M parcels get going this year, I'd have to say we are definitely seeing the high water mark for construction down the seaport.
Amazingly, we were not long ago talking about there being no more cranes there.
Lots of projects going on all at once. We're finally seeing the pace we expected a few years back.
 
SeamusMcFly said:
Man, if the M parcels get going this year, I'd have to say we are definitely seeing the high water mark for construction down the seaport.
Amazingly, we were not long ago talking about there being no more cranes there.
Lots of projects going on all at once. We're finally seeing the pace we expected a few years back.
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Seamus -- this is an unprecedented and unsustainable pace of construction

The last time there was this much construction anywhere in Boston was when One Devonshire Place, Exchange Place, One Post Office Square, 75 state St., International Place, One Financial Center, and a few others were rising within a few years of each other in the 1980's

The next time we'll see this much activity is the next cycle -- circa 2022 - 2035
 
whighlander said:
Seamus -- this is an unprecedented and unsustainable pace of construction

The last time there was this much construction anywhere in Boston was when One Devonshire Place, Exchange Place, One Post Office Square, 75 state St., International Place, One Financial Center, and a few others were rising within a few years of each other in the 1980's

The next time we'll see this much activity is the next cycle -- circa 2022 - 2035
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Yes, and Yes... However, perhaps, the next round re; the big monoliths begins sooner... Boston and a few other cities appear to be pulling away from the rest of the country. We'll see what happens. If Boston continues it's Renaissance - we very well might move right on through to the State Service Center, City Hall, or 1, 2, 3 Center Plaza, etc.... or it could go the other way, and they push pause on the office towers at Govt Center and TD Garden.
 
Yeah, I'm not so sure Boston development has peaked. The fact that Boston is actively doing something about the housing shortage while being a desirable place to be sets it ahead of equally popular cities long term. If we keep attracting talent foreign and local we will gain more momentum.
 
Jouhou said:
Yeah, I'm not so sure Boston development has peaked. The fact that Boston is actively doing something about the housing shortage while being a desirable place to be sets it ahead of equally popular cities long term. If we keep attracting talent foreign and local we will gain more momentum.
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Exactly. The tech and biotech scenes are much less bubblicious than on the west coast, too. Rents have a long ways to fall before its not profitable to build. And as they do, people won't leave as frequently either.
 
Any idea if this project will have a permanent/tower crane vs. the crawler crane that's there now?

Core has jumped up a level as of today, 5/25.

Funny thing - this was announced just a touch over a year ago. Solid progress so far.
 
cjbski said:
Any idea if this project will have a permanent/tower crane vs. the crawler crane that's there now?

Core has jumped up a level as of today, 5/25.

Funny thing - this was announced just a touch over a year ago. Solid progress so far.
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Every other project of this size in the area has had a tower crane, so I can't imagine that this one will be an exception.
 
The Globe has an update on the ship found during excavation.

Boston Globe said:
“Nothing like this has been found in Boston, in filled-in ground, before,” [City of Boston archaeologist Joe] Bagley said in a telephone interview. “This is incredibly rare and incredibly amazing.”

Bagley said that the ship is roughly 50 feet long. He said he believes it was traveling from Maine to Boston with barrels of lime for papermaking purposes.

[...]

His photos show archaeologists excavating by hand the remains of the lime barrels in the hold of the ship, and inspecting the ship’s bow.

Bagley said it’s exceedingly rare to discover cargo still inside an abandoned vessel.

[...]

Charley Leatherbee, an executive with Skanska, the company building at the 121 Seaport Boulevard site, said in a statement that during normal excavation, crews discovered “something unusual” in the ground last week.

“We immediately halted our excavation operations in the area of the site, and alerted the city archaeologist and Massachusetts Historical Commission,” Leatherbee said. “We are working closely with both organizations to determine exactly what this structure is and if it has historical significance so we can work with the city to take care of it in the most respectful manner.”

Bagley was appreciative of the company’s cooperation, noting that it had no obligation to contact anyone about the ship’s remains.

“The fact that they took the financial impact of stalling work in order for archaeologists to come in and document this — frankly, we need more developers like them,” Bagley said.

[...]

The team will use photos and measurements and compare them to known ships that came to the area around the mid-to-late 19th century.
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#SeaportShipwreck on Twitter and Instagram.
 
No, but there is lots of money in leasing equipment, and contracts have end dates. Those end dates sliding = money on the back end.
So, maybe no hard deadline as set by a tenant. But, time is mney.
 
The cost of carry is not free either. Debt/equity for construction costs money and the longer the project takes, the higher the carry in theory. Also, you are most likely still paying any union employees to essentially stand around while this is documented. They are being paid one way or another.
 
falcon42 said:
The cost of carry is not free either. Debt/equity for construction costs money and the longer the project takes, the higher the carry in theory. Also, you are most likely still paying any union employees to essentially stand around while this is documented. They are being paid one way or another.
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Maybe work can continue to be accomplished in parallel at other portions of the job site? There would be a limit to this, as clearly this ship is right in the middle of the primary excavation activity. But maybe +/- a couple of days (depending on how long these archeologists dig) won't need to cost much in the grand scheme?
 
Went by this morning and found the site very busy. The ship is on the very south side of the site, so the costruction crew is very busy on the core and the northern half of the site. Talked to one of the crew and they expect the archaeologist will complete work by this weekend,so Monday they should be back to wok on the full site.

https://flic.kr/p/Hpy6Hf
 
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