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Seaport District's Big New Apartment Tower Sets a Date

Construction of the first new apartment building in the Seaport District in years, a 1 million-square-foot tower on Pier 4 that could also include hotel and retail space, is set to start this summer. The lead developer, New England Development, is expected to finalize the deal for the 9.5-acre site (pictured) within weeks so the project, which has planning roots stretching to before the Great Recession, can finally get under way.

It, of course, joins a slew of Boston apartment projects either planned or under construction, including the just-announced mother of all recent Boston towers, the approximately 39-story complex at the old Filene's site in Downtown Crossing. Taken together, these new projects will add at least 5,000 new apartments to the city (the Pier 4 project will reportedly have 357). Whether that tampers rents at all is anyone's guess.

· Seaport's Next Big Act [Biz Journal]
· Waterfront in Bloom [Globe]
· Filene's Site to Be Filled! Ritz Developer Behind New Tower [Curbed Boston]
· Rent Check! Boston Apartment Construction Booming [Curbed Boston]
· Boston's 5,000 New Apartments Won't Mean Lower Rents [Curbed Boston]

Pier 4

140 Northern Avenue, Boston, MA