Boston02124
Senior Member
- Joined
- Sep 6, 2007
- Messages
- 6,871
- Reaction score
- 6,421
Re: Liberty Mutual plans major Boston expansion
yep all the male prostitutes used to hang here!
yep all the male prostitutes used to hang here!
Liberty Mutual Tower | 157 Berkeley Street | Back Bay
- Thread starter PlanBoston
- Start date
Re: Liberty Mutual plans major Boston expansion
This thread needs a new title.
Liberty Mutual touts job boost from Boston HQ project
By Thomas Grillo
Monday, October 18, 2010 - Updated 36 minutes ago
Construction of Liberty Mutual?s $300 million Back Bay headquarters Bay broke ground today, as officials and union workers celebrated the prospect of more than 1,000 jobs.
?The economy is all about jobs, so it gives us great pleasure that hundreds of highly skilled workers in trades will be back to work building a great building,? said Ted Kelly, Liberty Mutual?s CEO.
?As we dig our shovels in today, we deepen our roots in this our home city, we commemorate a spirit of cooperation with our city, state and neighborhood - a spirit that has strengthened our resolve to build, grow and expand in Boston,? he said.
In August, the Boston Redevelopment Authority approved construction of the 22-story office building to be built at 157 Berkeley St. as part of Liberty Mutual?s expansion of its Boston headquarters.
Last year, the Hub?s lone Fortune 100 company purchased the former Salvation Army offices on Berkeley Street and the nearby Benjamin Franklin Smith printing plant on Columbus Avenue for $23.5 million.
The company plans to demolish the buildings and replace them with a 25-story, 580,000-square-foot office tower. The project is expected to be completed in late 2012.
?This is what we are about,? said Gov. Deval Patrick. ?This is how we grow our way out of an economic hole, not by standing by and just hoping that good times come, but by making the kind of investments, making the kind of choices that we know creates a better, stronger commonwealth.?
A smiling Mayor Thomas M. Menino praised the cooperation between the state and the city?s BRA that will clear the way for more than 500 construction jobs and as many as 600 permanent jobs over the next few years.
?Jobs are the greatest equalizer in our society,? he said.
Last month, Liberty Mutual Group Inc. put off its planned $1.4 billion initial public offering for a portion of one of its largest units, citing a stalled economy.
?We pulled it back and we?re going to assess the market,? Kelly told the Herald following the ceremony. ?We are in the fortunate position on not needing the capital. It was more to provide flexibility and give us a little extra money to take opportunities for things down the road. But we are obviously going to step back and if it becomes a good time to do it again we probably will.?
Link
This thread needs a new title.
Liberty Mutual touts job boost from Boston HQ project
By Thomas Grillo
Monday, October 18, 2010 - Updated 36 minutes ago
Construction of Liberty Mutual?s $300 million Back Bay headquarters Bay broke ground today, as officials and union workers celebrated the prospect of more than 1,000 jobs.
?The economy is all about jobs, so it gives us great pleasure that hundreds of highly skilled workers in trades will be back to work building a great building,? said Ted Kelly, Liberty Mutual?s CEO.
?As we dig our shovels in today, we deepen our roots in this our home city, we commemorate a spirit of cooperation with our city, state and neighborhood - a spirit that has strengthened our resolve to build, grow and expand in Boston,? he said.
In August, the Boston Redevelopment Authority approved construction of the 22-story office building to be built at 157 Berkeley St. as part of Liberty Mutual?s expansion of its Boston headquarters.
Last year, the Hub?s lone Fortune 100 company purchased the former Salvation Army offices on Berkeley Street and the nearby Benjamin Franklin Smith printing plant on Columbus Avenue for $23.5 million.
The company plans to demolish the buildings and replace them with a 25-story, 580,000-square-foot office tower. The project is expected to be completed in late 2012.
?This is what we are about,? said Gov. Deval Patrick. ?This is how we grow our way out of an economic hole, not by standing by and just hoping that good times come, but by making the kind of investments, making the kind of choices that we know creates a better, stronger commonwealth.?
A smiling Mayor Thomas M. Menino praised the cooperation between the state and the city?s BRA that will clear the way for more than 500 construction jobs and as many as 600 permanent jobs over the next few years.
?Jobs are the greatest equalizer in our society,? he said.
Last month, Liberty Mutual Group Inc. put off its planned $1.4 billion initial public offering for a portion of one of its largest units, citing a stalled economy.
?We pulled it back and we?re going to assess the market,? Kelly told the Herald following the ceremony. ?We are in the fortunate position on not needing the capital. It was more to provide flexibility and give us a little extra money to take opportunities for things down the road. But we are obviously going to step back and if it becomes a good time to do it again we probably will.?
Link
TheRifleman
Banned
- Joined
- Sep 25, 2008
- Messages
- 4,431
- Reaction score
- 0
Re: Liberty Mutual plans major Boston expansion
Wow, that was the quickest BRA process I have ever seen. Somebody should just call Chiofaro and tell him to write checks to our political hacks. Maybe they would give him a 60 Million dollar tax break.
This was basically a UNION gift from DEVAL and the MAYOR. Thanks for giving billionaires more of our hardearned tax money. (like they need it)
Wow, that was the quickest BRA process I have ever seen. Somebody should just call Chiofaro and tell him to write checks to our political hacks. Maybe they would give him a 60 Million dollar tax break.
This was basically a UNION gift from DEVAL and the MAYOR. Thanks for giving billionaires more of our hardearned tax money. (like they need it)
TheRifleman
Banned
- Joined
- Sep 25, 2008
- Messages
- 4,431
- Reaction score
- 0
Re: Liberty Mutual plans major Boston expansion
I have no problem at all with this type of process. I do have a problem with 60million dollar tax breaks to certain companies and not others. That is playing favortism to certain companies and individuals. Plus it's a fucking insurance company.
I have no problem at all with this type of process. I do have a problem with 60million dollar tax breaks to certain companies and not others. That is playing favortism to certain companies and individuals. Plus it's a fucking insurance company.
palindrome
Senior Member
- Joined
- Jun 11, 2006
- Messages
- 2,277
- Reaction score
- 125
SeamusMcFly
Senior Member
- Joined
- Apr 3, 2008
- Messages
- 2,050
- Reaction score
- 110
Re: Liberty Mutual plans major Boston expansion
He did offer $50 Million to the city... maybe not to the correct hacks. He offers 50 mil, the city and state give LM 60 mil. That's a $110 million dollar shift in the wrong direction for one of the strongest companies not just in our state but also in the country. I like progress, new jobs, and new buildings just fine, but that's a little recockulous.
At least I should be able to watch it decently over the next 14 months or so as I finish up another project over that way..... Once things get rolling I'll try to remember to document it.
He did offer $50 Million to the city... maybe not to the correct hacks. He offers 50 mil, the city and state give LM 60 mil. That's a $110 million dollar shift in the wrong direction for one of the strongest companies not just in our state but also in the country. I like progress, new jobs, and new buildings just fine, but that's a little recockulous.
At least I should be able to watch it decently over the next 14 months or so as I finish up another project over that way..... Once things get rolling I'll try to remember to document it.
HenryAlan
Senior Member
- Joined
- Dec 15, 2009
- Messages
- 3,963
- Reaction score
- 3,889
Re: Liberty Mutual plans major Boston expansion
Perhaps. But we might not be privy to all that happens within the BRA process. After several years and still holding a fair amount of suspicion for Ned Flaherty's motivations, don't most of us nevertheless agree that Columbus Center failed because it was poorly managed as a project? Some of these other projects that face delay or failure might likewise be the result of bad management. I'm sure your suggestions are probably likely, too, but I don't think we can say that's always the case. Maybe Liberty Mutual and BU just have their shit together a bit more than Chioforo or Winn.
Perhaps. But we might not be privy to all that happens within the BRA process. After several years and still holding a fair amount of suspicion for Ned Flaherty's motivations, don't most of us nevertheless agree that Columbus Center failed because it was poorly managed as a project? Some of these other projects that face delay or failure might likewise be the result of bad management. I'm sure your suggestions are probably likely, too, but I don't think we can say that's always the case. Maybe Liberty Mutual and BU just have their shit together a bit more than Chioforo or Winn.
AmericanFolkLegend
Senior Member
- Joined
- Jun 29, 2009
- Messages
- 2,212
- Reaction score
- 248
Re: Liberty Mutual plans major Boston expansion
Who's the billionaire? The Union? The CEO of LM?
Who's the billionaire? The Union? The CEO of LM?
TheRifleman
Banned
- Joined
- Sep 25, 2008
- Messages
- 4,431
- Reaction score
- 0
Re: Liberty Mutual plans major Boston expansion
Might be a slight exaggeration of a Billionaire, but Kelly has to be worth millions if not hundreds of millions of dollars?
Liberty Mutual is a private Insurance company.
Sorry, just frustrated seeing all these banks, powerful corporations getting taxpayers handout and the Federal Reserve continues to destroy the buying power of the dollar against the hardworking middle class and savers of this great country. Then we have to watch Liberty mutual get a 60 Million dollar tax break to expand in the backbay in which real estate is priceless in that area.
This country is fucked.
Might be a slight exaggeration of a Billionaire, but Kelly has to be worth millions if not hundreds of millions of dollars?
Liberty Mutual is a private Insurance company.
Sorry, just frustrated seeing all these banks, powerful corporations getting taxpayers handout and the Federal Reserve continues to destroy the buying power of the dollar against the hardworking middle class and savers of this great country. Then we have to watch Liberty mutual get a 60 Million dollar tax break to expand in the backbay in which real estate is priceless in that area.
This country is fucked.
JohnAKeith
Senior Member
- Joined
- Dec 24, 2008
- Messages
- 4,321
- Reaction score
- 69
Re: Liberty Mutual plans major Boston expansion
Quote from our current and future governor about the new building:
"What's not to like?"
What's not to like?? A $50 property tax giveaway, you stupid moron.
Oh, we laugh because it's funny!
http://www.bizjournals.com/boston/n....html?ed=2010-10-18&s=article_du&ana=e_du_pub
Quote from our current and future governor about the new building:
"What's not to like?"
What's not to like?? A $50 property tax giveaway, you stupid moron.
Oh, we laugh because it's funny!
http://www.bizjournals.com/boston/n....html?ed=2010-10-18&s=article_du&ana=e_du_pub
Re: Liberty Mutual plans major Boston expansion
Ah, no offense to albert or briv, but cellphone pics don't tell the story of that corner. Looking at a map (or taking a walk!) more clearly shows the point of the intersection.
http://maps.google.com/maps?f=q&sou...089,-71.071726&spn=0.002046,0.003449&t=h&z=18
Ah, no offense to albert or briv, but cellphone pics don't tell the story of that corner. Looking at a map (or taking a walk!) more clearly shows the point of the intersection.
http://maps.google.com/maps?f=q&sou...089,-71.071726&spn=0.002046,0.003449&t=h&z=18
Re: Liberty Mutual plans major Boston expansion
I still think the renderings exaggerate the shape of the building. It's not going to look as thin and triangular as it does in the drawings.
I still think the renderings exaggerate the shape of the building. It's not going to look as thin and triangular as it does in the drawings.
stick n move
Superstar
- Joined
- Oct 14, 2009
- Messages
- 11,197
- Reaction score
- 15,402
Re: Liberty Mutual plans major Boston expansion
if it looks like the renderings its going to be one of the most beautiful buildings in boston even thought its small.
if it looks like the renderings its going to be one of the most beautiful buildings in boston even thought its small.
AmericanFolkLegend
Senior Member
- Joined
- Jun 29, 2009
- Messages
- 2,212
- Reaction score
- 248