Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-While Two Financial Center, the 12-story building being developed here near South Station approved by the Boston Redevelopment Authority last year, has yet to receive the permits it neet to go forward because of a lawsuit pending against the BRA over its designation of the building. But Robert Seamen, director of marketing and leasing for Rose Associates, the building’s developer, tells GlobeSt.com that he is confident the matter will be resolved “any day now.”According to Meredith Bauman, spokesperson for the BRA, three actions were brought against the Authority for granting the area of Two Financial Center 121A status, which means it is deemed a blighted area. Two of the suits–which are being brought by the neighborhood association of the leather district, which abuts the property–have been settled but the last one is still pending.Bauman notes that the lawsuits “hampered the progress [of the building] but not significantly.” But she adds, “This is the last thing and I believe we will be hearing the outcome very shortly.” The building is being developed near Rose Associates’ One Financial Center and will have 200,000 sf of rentable space. According to Seamen, the building is 50% potentially pre-leased by one tenant. Seamen declined to disclose the tenant’s name.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.