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Buffalo, NY & Boston,
MA – August 2018 / Newsmaker Alert / Delaware
North and Boston Properties
(BXP) announce that with the signing of a lease with Verizon for 440,000-square-feet
of space, The Hub on Causeway project is more than 75 percent leased.
The Hub on Causeway is a joint-venture development of Delaware North and Boston Properties, and consists of more than 1.5 million-square-feet of mixed-use retail, office, hotel, and residential space, as well as an expansion of TD Garden. This transit-oriented development is a significant investment that will bring substantial improvements to North Station, will create major economic impact for the area and enhance the vitality of this important district in the City of Boston. The Hub on Causeway is being constructed in three phases. Completion of Phase I, which includes TD Garden’s grand entrance, new entry for North Station and additional commuter conveniences, is set for October 2018. The retail, office space and amenities located within The Hub are planned to open in late 2019. Phase II, which includes the hotel and residential spaces, will be completed in late 2019. Verizon’s commitment to the project kicks off the final phase, featuring a 31-story office tower, the tallest in Boston in more than two decades, which will be completed in mid-2021. “Since Rapid7’s commitment to lease 147,500-square-feet of loft office space last year, we have seen tremendous interest in all that The Hub has to offer, including experiential amenities unmatched in the city of Boston,” said Bryan Koop, Executive Vice President, Boston Region, for Boston Properties. “City of Boston leadership under Mayor Marty Walsh has been instrumental in all aspects of the project, ensuring The Hub will connect the West End and North End neighborhoods, as well as act as a dramatic presence on the skyline at the northern gateway to the city.” “The Hub on Causeway will soon be the new gateway to Boston, and the transformation of this neighborhood will be second to none,” said Charlie Jacobs, CEO of Delaware North’s Boston Holdings. “We are delighted to have Verizon join our already outstanding group of tenants at The Hub on Causeway. Verizon will now have access to some of Boston’s most desirable tech-focused office space and all of the incredible experiences that The Hub on Causeway will have to offer.” In addition to the recent leasing milestone at the project, Boston’s first citizenM hotel topped off its structure at The Hub on Causeway earlier this month. This 269-room hotel will be located in an eight-story tower atop the west podium and is planned to open in fall 2019. Boston Properties manages all development aspects of the project. The project is being constructed by John Moriarty & Associates. The architect for the commercial spaces is Gensler, with Stantec as the architect of record for the office tower. The architect for the residential building is Solomon Cordwell Buenz. The architect for the TD Garden expansion is SCI Architects. Delaware North is owner and operator of TD Garden. Verizon was represented in its lease by the Cushman & Wakefield brokerage team led by Josh Kuriloff in New York and John J. Boyle III in Boston. The Hub On Causeway | At-A-Glance Phase I, also known as “The Hub’,” and the east and west podium, includes 210,000-square-feet of multi-level retail/restaurant space, including: The Hub | New Main Entry Points - Opening October 2018.
A 440-unit, 38-story residential tower is also under construction atop the west podium. The residential building will begin welcoming residents in fall 2019. Phase III – Office Tower
Delaware North is one of the largest privately held hospitality and food service companies in the world. Founded in 1915 and owned by the Jacobs family for more than 100 years, Delaware North has global operations at high-profile places such as sports and entertainment venues, national and state parks, destination resorts and restaurants, airports, and regional casinos. Our 55,000 employee associates are dedicated to creating special experiences one guest at a time in serving more than a half-billion guests annually. Delaware North operates in the sports, travel hospitality, restaurant and catering, parks, resorts, gaming, and specialty retail industries and has annual revenue of about $3 billion. Learn more about Delaware North, a global leader in hospitality and food service, at www.DelawareNorth.com. About
Boston Properties
Media Contacts: TD
Garden
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