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10 Things to Know About the Big, New Pier 4 Towers

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Construction could start "virtually immediately" on one of the biggest new projects in a South Boston full of 'em: three towers on Pier 4 where Anthony's restaurant has been since 1963. Here's the skinny in helpful numbered form:

1. Negotiations on and permitting for the project, led by Newton-based New England Development, have been going on for 13 years.
2. It will involve three towers—a rental building, a condo building and a hotel.
3. That apartment tower will be the first phase. It will be right next to the Atlantic Beer Garden on Seaport Boulevard.
4. It will rise 21 stories, have 369 units, be completed by 2014, and should cost $150 million.
5. Because the apartment tower is the Seaport and therefore probably in the Innovation District, what the hey, it will include "innovation units" for the young techies.

6. It will also have club-like amenities and a second-floor outdoor pool deck (see rendering above right).
7. Anthony's will stay open until the hotel is built; then it will move into the hotel's base.
8. Where Anthony's was—at the end of the pier—will become a park.
9. One of the executives for New England Development called it recently, "the most expensive piece of real estate that won’t be developed in Massachusetts history."
10. The 9.5-acre site for the three towers was accessed at $29.4M, and is expected to generate $8 million a year in property taxes and $4 million annually in hotel taxes.

· Plans Afloat for Anthony’s [Herald]
· Seaport's Next Big Act [Biz Journal]
· Seaport District's Big New Apartment Tower Sets a Date [Curbed Boston]
· The Departed: South Boston to Change Forever This Year [Curbed Boston]
· How to Talk About the Innovation District [Curbed Boston]
· Innovation District's 'Call for Housing' Answered by 212 Number [Curbed Boston]

Pier 4

140 Northern Avenue, Boston, MA

Innovation District

1 Marina Park Drive, Boston, MA 02101