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GE Scales Back Heralded Boston Headquarters Project

The agreement also calls for GE to reimburse MassDevelopment $87 million, which include the purchase the two brick buildings and land as well as construction and other financing costs.

A rendering of the original plan for GE’s new Fort Point Channel headquarters complex. Image Courtesy of General Electric, Gensler A rendering of the original plan for GE’s new Fort Point Channel headquarters complex. Image Courtesy of General Electric, Gensler

BOSTON—The luster of the relocation of GE’s corporate headquarters from Connecticut to Fort Point Channel in Boston got a little duller yesterday.

The relocation of the firm’s corporate headquarters from Fairfield, CT announced in early 2016 promised a total of 800 jobs to be added to the Seaport. In a deal reached between MassDevelopmnent and GE, the two Neco-brick buildings totaling 95,000 square feet owned by the state and an adjacent parcel owned by GE will be put on the market for sale.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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