Chris McMahon, of GVA Thompson Doyle Hennessey & Stevens, which has been retained to market the project, tells GlobeSt.com that despite current market conditions, "we are pretty bullish" about leasing up the building. He contends that the building's location in the Fort Point Channel district near Beacon Capital Partner's Midway project--which is starting to be built--as well as the new convention center, already under construction, is what will make the building appealing to prospective tenants.

McMahon, the lead broker on the building, notes that the lease rate will be in the high $30s per sf. A number of buildings in the city built on spec back when Boston's real estate market was in its heyday are scrambling to fill their space. Among those are 33 Arch St., yet to sign a tenant, and 131 Dartmouth St., which just signed its first tenant for about a third of the building.