I am just amazed that it took a company from out of town, not headquartered here, to put this building up. Why couldn’t GE do it? They are a Fortune 500 company and should have created a world class headquarters building in Boston. Instead they renovated some old candy factory. Go figure.
See: https://www.bostonglobe.com/busines...for-million/wqMzDxkZJVRCrhyNtaQHKI/story.html
Upthread there are original renders of this when it was the GE building, but they drastically reduced their footprint in Boston after they started to fall apart and divested their various business interests. Alexandria bought the site and leased the whole thing to Lilly for their Genetics Medicine Institute.
Take a look at GE's stock price over the last 5 years. They are in really bad shape, and their headcount in Boston will reflect that, as they continue to cut jobs in the area.
GE aviation is doing very well and producing world class jet engines right here in lynn. GE’s locomotive business, although 51% of the market was still hemmoraging money like crazy for some reason and was sold to wabtec. I dont understand the economics of that, but it supposedly gave them a huge infusion of cash and cut a major lossmaking part of their portfolio.