News
Seaport's Newest Tower Breaks Ground
August 7, 2012
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| Boston Wharf Tower, a $120M multifamily project aiming for at least LEED Gold at the Seaport, is on its way. Gerding Edlen CEO Mark Edlen says the firm "wraps itself around LEED." Like the $500M in projects that the Portland-based company has going in LA, San Francisco, Seattle, and Portland, the Boston site is in a CBD and is "20-minute urban living: communities that are walkable to work, play, and culture.” After undertaking several West Coast projects valued at $5B, Mark spent nearly three years searching for an East Coast location. (Should've just hopped on Route 66—it's a straight shot.) Boston won the first round, but heads up, NYC and DC—this investor may be headed your way. | |
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| We snapped Mark’s son Matt and Gerding Edlen prez Kelly Saito at the groundbreaking of the Tower at 319 A St (Rear), which will have 202 rental apartments, and retail, community, and work space. Its companion building at 63 Melcher St will have 38 apartments; about half affordable. Construction on the Tower is slated for completion in late ’13 and on Melcher Street by this November. | |
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| Gerding Edlen VP of finance Molly Bordonaro says the company’s focus on green also includes community building. The firm recently completed a LEED Platinum retail/multifamily project in Venice Beach that includes a 10x20-foot local artist’s mural and a community garden that tenant Café Gratitude will harvest for ingredients. The Boston Wharf Tower sits in the Fort Point district of the Seaport, which is filled with artists, historic buildings, buses and trains aplenty, and a growing cadre of life science and tech companies. |
