Shopping Gallery Planned for South Boston Waterfront
A million-square-foot shopping center and residential project, is being planned for the South Boston waterfront. Waterside Place, which will be located on D Street (see map) will attempt to draw business from other parts of the city by including name department stores (reportedly Nordstroms), a Target store and retails shops along with residences in the 400 million dollar project planned to begin construction next year and be completed by 2008. The plans by the developer also includes a cinema complex. The project will have a disinctive 70 foot high glass facade along Summer Street according to John Drew the lead developer of a team that includes Urban Retail Properties of Chicago. A 300 room hotel is also being considered for the parcel which Drew and his group are leasing from Massport.
Drew's group, the Core Development Group LLC, was awarded the right to develop some 11 acres of land and air rights by the Massachusetts Port Authority in February. When completed the project will include 600,000 square feet of retail space, 210 condos, a 20,000-square-foot visitors' center, and 2,350 parking spaces. Condo prices have not yet been disclosed.
The Drew Company, Boston, Massachusetts, is a privately held real estate development and management firm founded in 1982. The Drew Company has developed office, hotel and retail projects in Massachusetts and Washington D.C. In addition to the 2.5 million square foot World Trade Center Complex and the 3 million square foot Ronald Reagan Building in Washington, the firm's portfolio includes The Great Woods Center for the Performing Arts, Bayside Exposition Center and Constitution Plaza in Boston. The firm also provides asset management services, as well as development advisory services to businesses in the U.S. and abroad
While early plans included a supermarket, the latest plans do not. So far no one has included a supermarket in any of the plans for development along the South Boston waterfront.
The Boston Harbor Journal