Developer takes 2d shot at Russia Wharf design
By Thomas C. Palmer Jr., Globe Staff | July 12, 2007
Russia Wharf's developer, Boston Properties Inc., is shopping a distinctive new look for the historic property on Congress Street along the Boston waterfront that has sat enveloped in scaffolding for months.
The long-stalled project was about to move forward with its new owner recently when an earlier design of the tower proposed for the site, published in the Globe in April, drew negative reviews for being uninspired.
"There were people who were concerned about the design," said Kairos Shen, director of planning for the Boston Redevelopment Authority. "It could be improved on."
Now Boston Properties, which also owns the Prudential Center and six years ago developed the striking 111 Huntington Ave. office tower in the Back Bay, has come up with a considerably altered, cleaner look for its proposed glass-and-steel structure on Congress Street. The latest rendering shown to BRA officials -- a new version by CBT Architects of Boston of its original design -- restores a vertical exterior light feature that had been eliminated and dispenses with clunky triangular supporting columns at the base.
Boston Properties declined to comment, but Boston Redevelopment Authority officials described their discussions with company executives.
The company is also proposing new uses for the historic property, which berthed ships that exchanged goods with the port of St. Petersburg, Russia, in the 1800s.
The company is working out what many in the industry considered a difficult task of combining luxury living spaces in historic warehouses made of brick with a modern glass tower pushing up from the middle of the site.
"It is a great office site. It is not a great residential site," said Dean F. Stratouly, who in the early 1980s converted the three buildings to modern office use, and more recently lost out to Boston Properties in the bidding to buy and transform it again. Stratouly said the area is not yet enough of a residential neighborhood, with shops and a supermarket, to attract large numbers of buyers.
Also, combining an office lobby tower with common spaces in low-rise residential structures is tricky, Stratouly said.
City officials are suggesting Boston Properties look again at the idea that previous owner Equity Office Properties had in its original plan for Russia Wharf: including a boutique hotel on the water side of the complex, across Fort Point Channel from the Children's Museum. "Boston Properties obviously knows hotels; they own a lot of them," Stratouly said. "I think a hotel could work there."
The three-building complex between the channel and the Rose Fitzgerald Kennedy Greenway was emptied and readied for construction about a year ago by Equity Office, formerly Boston's largest owner of office space.
In 2002, Equity Office unveiled plans for a 31-story office tower, hotel, and jazz club on the channel-side building, and luxury condominiums in portions of the other two low-rise brick buildings, including the one facing the Greenway. Plans also called for underground parking for 500 cars, a 10-story atrium below the office tower, and a large waterfront terrace along Fort Point Channel.
But the project stalled because of a downturn in the office market, a complex construction plan, and a legal scrap with the developers of the new InterContinental Boston Hotel next door.
Redevelopment of Russia Wharf went further into limbo last year when the private equity company Blackstone Group, of New York, was negotiating to buy all Equity Office Properties holdings nationwide, a sale that concluded in February.
Having bought at a time when market was beginning to roar back, Blackstone held on to almost all of Equity Office's former holdings in Boston. But, not being a developer, Blackstone flipped the Russia Wharf project to Boston Properties, after several other interested developers bid in a price range that hovered around $100 million. Boston Properties paid $105.4 million.
Now, with the office market picking up, Boston Properties is leaning toward expanding the office component, and dropping some of the residential units. It is still expected that the Russia Wharf Building, on Atlantic Avenue, will house about 50 condos. What happens in the other two buildings, the Graphic Arts and Tufts buildings, has not been determined.