The Boston Redevelopment Authority board last night unanimously approved the $3 billion Seaport Square development, a planned new neighborhood on the South Boston Waterfront.
Developers expect to break ground in the spring for the first phase of the project, an apartment building and “innovation center,’’ which will have space for meetings and demonstrations of new technologies. The entire project is expected to take 10 years to complete.
The development team of Boston Global Investors, Morgan Stanley, and WS Development still needs approval from the Boston Zoning Commission, which is scheduled to consider the project next month.
The project would be the largest single development in the city’s history and would create 20 new city blocks on what is now 23 acres of mostly parking lots. The developers are planning 22 buildings, which will include offices, hotels, shops, and condos.
At a public hearing last night, about two dozen construction trade union workers, South Boston residents, and social service advocates backed the development, saying it would provide jobs. No one spoke in opposition.
Robert Preer Boston Globe, September 22, 2010