As much as nobody wants to admit it, the reason there is no super tall is that there is not a market for one, and never really was.Isn't the whole reason why we can't build supertall just because of the bedrock depth, or is it something entirely different?
Isn't the whole reason why we can't build supertall just because of the bedrock depth, or is it something entirely different?
As much as nobody wants to admit it, the reason there is no super tall is that there is not a market for one, and never really was.
Both the Pru and Hancock were pride projects and can't be repeated. The major commercial banks that built downtown have all been purchased save State Street, which will continue to build out the city, but are busy right now. There is NO market for a super tall in Boston, and there won't be for decades, if ever.
Cortes -- The single tenant occupying a very large office building with their name on the top -- is an anachronismAs much as nobody wants to admit it, the reason there is no super tall is that there is not a market for one, and never really was.
Both the Pru and Hancock were pride projects and can't be repeated. The major commercial banks that built downtown have all been purchased save State Street, which will continue to build out the city, but are busy right now. There is NO market for a super tall in Boston, and there won't be for decades, if ever.
We have 2 other buildings under construction that fit that model. Include aquarium and that's 4 by 2030. Add Dalton/boylston and 5. I do not see any model save a "salesforce" situation that would include a supertall in Boston before 2040. I'll hedge my bet by saying "top out"Cortes -- The single tenant occupying a very large office building with their name on the top -- is an anachronism
Consider that to be a super tall -- implies about 100 floors [80+ at least]
To be a viable -- an office building [as opposed to a lab/office or pure lab] these days [pre-Pandemic] you need a fair sized floor plate
ignoring the core that is probably at least 8,000 sq ft [[100 x 80) + core] so probably about 10,000 gross sq ft per floor
Recently [Pre-Pandemic] many firms [e.g. Wayfair, Amazon, Fidelity] want even bigger floor plates approaching a half acre or moreSo for a building of at least 80 floors -- you end up with 800 k gross sq ft or more -- that probably means at least a dozen major commercial tenants -- with may be the biggest one taking 1/3 to 1/2 of the building [Pre-Pandemic]
The new State Street Tower will be a good test case for the kind of space that big office space users are looking to have -- Post-Pandemic
State Street is still planning for 510 k sq ft out of the approx. 1 M sq ft in the new tower
Cortes -- a lot can happen in 20 yearsWe have 2 other buildings under construction that fit that model. Include aquarium and that's 4 by 2030. Add Dalton/boylston and 5. I do not see any model save a "salesforce" situation that would include a supertall in Boston before 2040. I'll hedge my bet by saying "top out"
Cortes -- a lot can happen in 20 years
for example many [35 - 40%] of the companies on the S&P 500 in 2000 are no longer stand-alone corporate entities -- they either folded or were acquired
However -- the 100 to 200 entities have been replaced by entities many of which if they existed in 2000 at all were far to small to be part of the S&P 500
for example -- Wayfair:
from their website
Who We Are
We give you the power to create spaces that are just right for you. We provide true partnership to help you define your vision. We empower you to create spaces that reflect who you are, what you need, and what you value, so that you and the ones you love can feel right at home.www.wayfair.com
- 2002, Steve Conine and Niraj Shah founded Wayfair on a shoestring budget in a spare bedroom of Steve's house.
- 2011, Steve and Niraj took a giant leap and moved all of their e-commerce sites into one mega destination for the home and named it Wayfair. By the next year, Wayfair had exceeded $600 million in annual revenue
- 2020 -- Wayfair generated $13 billion in net revenue for the twelve months ended September 30, 2020. Wayfair offers over 18 million products across five distinct brands - Wayfair.com, AllModern, Birch Lane, Joss & Main and Perigold. The company employed more than 16,700 people as of September 30, 2020 and is headquartered in Boston, Massachusetts with operations throughout North America and Europe.
Do we really want supertalls? Apparently they aren't all they're cracked up to be. I once lived in a new construction "luxury" loft building in the South End, built in 2006, that had so many flaws (no drains in the floor plate, so a toilet overflowing upstairs would ruin the ceiling below when the water reached the edge of the plate, no insulation between the garage and a first floor unit, so the first floor unit froze in the winter, no soundproofing between units, so you could plainly hear what your neighbors were watching, or at some times, their conversations, to name a few), a real estate agent I know would actively discourage clients from buying in it or any other building built by the same developer. At least that place was only seven floors.
Multiple 500-700 footers and an 850 foot tower all in back bay would be more than a boom, it'd be a revolutionI think a few more 500-700fters in the Back Bay and like a very well done 850-900fter would finish off any skyscraper boom in Boston for me.
Do we really want supertalls? Apparently they aren't all they're cracked up to be.
They have two under construction that is over 300mEven Toronto doesn't have any supertall buildings. It's tallest is only 298m. It's tallest residential building is 892 ft.