John Hancock looks to build a new 26-story tower in the Back Bay
By Jon Chesto GLOBE STAFF AUGUST 05, 2015
John Hancock, the Boston life insurer that built two of the Back Bay’s most iconic towers decades ago, wants to add a third high-rise to the city’s fast-changing skyline.
At 26 stories, the new Hancock tower would be smaller than its older siblings. But the $350 million project at 380 Stuart St. promises to make its own visual statement with its curved glass facade.
The US arm of the Canadian insurance giant Manulife Financial Corp. expects to submit a letter to Boston officials on Wednesday, outlining plans for a 625,000-square-foot tower, one that would replace a nine-story building owned by Hancock that would be torn down.
“It really marks a new opportunity to expand our presence here in Boston,” said Jim Gallagher, executive vice president at John Hancock. “This is the city where we were founded. We’ve been here for over 150 years. We have projects that marked our history over time in the city. This is another marker, in that respect.”
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John Hancock hired the architectural firms Skidmore, Owings & Merrill and CBT to design the building, and Colliers International to manage the project. Gallagher said the glass tower’s curved sides give it a distinctive look, aimed at minimizing the wind impacts along Stuart Street. He said he doesn’t expect the new tower to cast a shadow over Boston Common or the nearby Commonwealth Avenue Mall, avoiding a potential cause for criticism.
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