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Chiofaro’s Harbor Garage Site Plans Presented at MBC Breakfast

| December 21, 2014 | 0 Comments
View from Water

View from the water

Boston – Don Chiofaro, Don Chiofaro, Jr., & Rob Caridad of the Chiofaro Company, a privately held independent firm engaged in the development, investment, leasing, management, and ownership of real estate properties, reviewed their plans for a spectacular, $1 billion, two-tower, multi-use development at the Harbor Garage site in Boston at a recent Massachusetts Building Congress (MBC) breakfast.

Their proposal calls for the construction of two towers and the use of adjacent space to accommodate three levels of retail/restaurant space, 700,000sf of office space, a 250- to 300-key luxury hotel, and 120 residential condominiums. The existing 1,400 parking spaces would remain but moved underground.

An outstanding feature of the new Harbor Square project would be a four-season programmable open space with a roof that can be closed seasonally. The enclosed area would be 66 feet high, extending the entire width of the site from the Greenway to Harbor, 167 feet wide at Atlantic Avenue, tapering to 70 feet wide at the Harbor, large enough to comfortably accommodate the Rockefeller Center ice rink and open to the public at all times.

View from Grain Exchange

View from Grain Exchange

Estimated benefits to the city of Boston were projected to be $18 million in annual property tax revenue, $1.6 million in jobs exaction, $11.7 million in affordable housing funding, and 3,300 construction period jobs and 3,900 permanent jobs.

The developers noted that “It’s not often that a city finds itself with the opportunity for a transformative moment. But that moment is now before us at the Harbor Garage . . . and it represents the opportunity for our Downtown Waterfront to become the exemplary 21st-century waterfront.”

They said the concept for this project is “unabashedly forward-looking without being dismissive of its context — an unmistakable declaration of a city that honors its history while simultaneously embracing its future.”

MBC presents monthly breakfast programs and panel discussions featuring current industry issues, noteworthy construction projects, and keynote speakers from the real estate, design, and construction industry.

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Category: All, Mixed-use

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