GE is halfway through work on a nearly 100,000-square-foot complex in Fort Point, combining two century-old, brick-and-beam buildings that had fallen into disrepair, with help from $125 million in state funds. It will provide more than enough room for the existing corporate team.
But there’s still some uncertainty around the second, pricier half of the project: a striking 12-story tower that Flannery delayed by two years. The city’s offer of $25 million in property tax relief is tied to this construction, and to GE’s commitment to employ 800 people here by 2025. A spokesman said the plan is still to start part two sometime next year and finish it in 2021 — though it is not a stretch to wonder about its fate as the company continues to shrink.
