X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-After nearly two decades of darkness, the neon red Boston Wharf sign that sits atop a building in the Fort Point Channel area will shine again tomorrow when developers of the former warehouse district throw the switch on the 59-year-old landmark.

The Archon Group and Goldman Properties, which last year acquired 17 buildings in the Fort Point Channel area from the Boston Wharf Co. for $93 million, will re-light the historic ‘Boston Wharf Real Estate Co. Industrial Real Estate’ sign at 263 Summer St. in South Boston. The move marks the former warehouse district’s transformation into an upcoming waterfront neighborhood “This is a symbol of the neighborhood,” John Matteson, regional director for Archon, tells GlobeSt.com.

The Archon/Goldman partnership plans to turn the 17 brick buildings, totaling about 1.2 million sf, into a mix of retail, commercial and residential space over the next five to seven years at a cost of about $400 million, Matteson says. The new district will also include sidewalk cafes, art galleries and restaurants.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.