The Trammell Crow Co., Manulife Financial and Beacon CapitalPartners will now compete against each other, with each companyproposing office buildings for the site. ManuLife's plan is seen ashaving a leg up by some, given that the Toronto-based insurer hastied the project to the planned relocation of several thousandemployees into Boston. The size of each finalist's proposal issimilar to the 17-story, 470,000-sf structure that Chiofaro hadenvisioned, both in the earlier round and in his latest effort.

Massport first issued an RFP for Parcel F in 1997. The land islocated in Boston's Seaport District, a swath of 1,000 acrestargeted as the next great development area for the Hub. Alsolosing out on their efforts to develop the property were LeggatMcCall Properties and the New Boston Fund. The parcel is one ofseveral owned by Massport, a quasi-public state agency thatoversees the port of Boston, Logan International Airport andseveral other regional airports and bridges.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.