The Boston Consulting Group is merging its two bases of operation in Boston and will move to a new location, Lots 2 of the Pier 4 development in the city’s Seaport district. The firm will become the anchor tenant in the development, taking up seven storeys of space and 202,000 square feet of the LEED Gold certificated 13 story building. The firm expects to have fully moved its 700 staff into the new office by 2018.
Since the completion of Boston’s Big Dig high-way connection in 2007, the Seaport area has been opened up to improved connectivity with the Financial District, Logan Airport and surrounding suburbs. The area, formerly one of the less attractive areas of the city, is now strategically placed, located adjacent to the city’s Financial District – as a result, there has been increased interest from developers seeking to create office and mixed use space to meet the city’s financial and industrial demand for services, and the area is now thriving.
One of the companies to take advantage of the location is Tishman Speyer. The firm purchased Lots 2 and 3 of the Pier 4 development – an iconic location known US wide for the namesake restaurant, Pier 4. The firm has two developments on the respective lots: Lot 2 includes a 13-story office building providing 353,000 square feet of office space and 20,000 square feet of retail space; Lot 3 involves a nine-story condominium building with 171,000 sellable square feet of residential space and 17,000 square feet ground floor retail.
The Boston Consulting Group (BCG) has announced that it is taking up seven floors in the Lot 2 development, making it an anchor tenant. The firm will merge its two current offices in Boston, hosting around 700 staff, into the new 202,000 square feet of space across approximately 7 floors of the new office. The new space offers a range of sustainability and cost cutting features, including a LEED Gold certification. In addition, the new space offers its staff a state-of-the-art fitness centre, bicycle storage, and a rooftop garden.
Simon Bartletta, a BCG Senior Partner and the Managing Director remarks that the firm is “excited” about bringing together its two offices in Boston. “We see this new development as a great choice to support our dynamic organisation and to position us for the future. With its sweeping views of the harbour and modern, new workspaces, this is a destination for attracting and developing our firm’s most valuable asset: its people. We are thrilled to have the opportunity to design the space from scratch and encourage new ways of teaming to deliver the most value for our clients,” Bartletta adds.
Kathryn Bell, a BCG Partner and Managing Director, adds, “Pier 4 gives us a unique opportunity to bring our workplace strategy to life, giving our people choice from among a rich variety of workspaces, and innovative technology to support productivity and simplify the work process. The ultimate goal is to shape a vibrant, enjoyable workplace experience, inspiring people to build relationships and share insights to deliver outstanding client value."
In December last year BCG unveiled that it was moving its New York office (around 500 staff) to the newly developed Hudson Yards skyscraper, where the firm has let a space of 18,000m2.