BOSTON, MA- As a gesture of goodwill towards its new neighbors, Congress Group Ventures of Boston, developer of the 33 Arch St. Office Tower, has donated $1.5 million to the city. Half the cash is earmarked for the preservation of The Old South Meeting House. The rest will go to City of Boston Housing and Jobs Linkage as well as childcare facilities throughout the City

“This is a good example of the City, a developer and an existing property working together for the improvement of an entire area,” says Boston Redevelopment Authority Director Mark Malone. 33 Arch St., which broke ground this past June, will be a 33-story office tower containing 600,000 sf of office space with parking for 800 cars. The tower will have sweeping views of Boston Common and the Charles River and offer close proximity to public transportation lines, local hotels, restaurants and shopping.

The office tower will also offer tenants flexible floor plans and state-of –the art voice and data networks. Ellen Wilhelm of Congress Group Ventures tells that construction of the $150-million dollar project should be completed by the first quarter of 2004. The development is a joint venture of Congress Group Venture, National Electrical Benefit Fund and Value Enhanced Fund.

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?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.