Boston Properties has completed its acquisition of the 535 Mission Street development site for $71.0 million and expects to recommence construction on the approved HOK-designed 27-story office tower within weeks, hoping to finish the project by the fall of 2014.
Having prepped the site for construction in early 2008, Beacon Capital Partners suspended construction that October with the markets in turmoil and rents headed the wrong way. The 378 foot tower will yield approximately 307,000 square feet of office and retail space.
∙ Approved For Residential, But Building Commercial (535 Mission) [SocketSite]
∙ 535 Mission Update: Parking Lot Closed And About To Break Ground? [SocketSite]
∙ 535 Mission Street: From Office To Residential To Office To Suspended [SocketSite]