Tags: One of the first commercial developments in Boston’s now-thriving Seaport District could get a facelift.Pembroke Real Estate is in the early stages of studying a redevelopment of the Seaport World Trade Center, a 715,000-square-foot office and meeting complex located on the South Boston waterfront. Pembroke is also considering expansion of the adjacent 428-room Seaport Hotel.The 428-key Seaport Hotel is located at 1 Seaport Lane in Boston.VIEW SLIDESHOW5 photosThe 428-key Seaport Hotel is located at 1 Seaport Lane in Boston.The two properties are part of Seaport Place, a 2.2 million-square-foot, four-building complex developed between 1986 and 2002 by Boston-based real estate development firm The Drew Co. and Fidelity Investments. Seaport Place is now managed by Pembroke Real Estate, the real estate investment and development advisor for Fidelity.“
The Seaport District has really grown,” said Michael Aalto, a Pembroke spokesperson. “It’s really evolved. It’s a mixed-use destination. So we wanted to take a look and see if there’s an opportunity to further enhance and complement what’s happening in the neighborhood.”Aalto said Pembroke is exploring “expanded retail offerings, commercial office space and potential expansion of the Seaport Hotel.”The study comes at a time when construction and development activity in the Seaport is booming. Chestnut Hill-based WS Development is planning out the final development stages for 13 acres of Seaport Square, which is set to include some 7.68 million square feet of newly developed space by 2022. And the World Trade Center property abuts 150 Seaport Blvd., where South Boston-based real estate development firm Cronin Holdings LLC has plans to build a 22-story, 110-unit condominium tower.
Read Full Article: Pembroke Real Estate, Fidelity’s real estate advisor, studying Seaport World Trade Center redevelopment in Boston – Boston Business Journal