PricewaterhouseCoopers Becomes the South Boston Innovation District’s Newest Tenant
NEC member PricewaterhouseCoopers (PwC) recently signed a lease that will lead to the construction of a 17-story office building on Seaport Boulevard that will begin later this month. The new building will allow PwC to add 500 more employees to their Boston team, which brings the total number up to 3,000. Construction is set to begin later this month and the company is planning to move in by October 2015. The waterfront South Boston Innovation District is “the new hot spot in the city,” says Barry Nearhos, managing partner of PwC in Boston, and is currently seeing rapid growth driven by businesses, housing, and developers.
Moving from the Financial District to the waterfront allows PwC to modernize its office layout, improve its technology, and add amenities that are becoming more and more essential to attract and retain employees. The new building will allow PwC to achieve its worldwide goal of creating a space that encourages collaboration and decreases energy use. PwC will be one of the largest employers on the waterfront and joins fellow NEC members State Streep Corporation, John Hancock Financial Services, and Foley Hoag in calling the area home.
“We’re looking to deliver an elegant design that will complement the area and strengthen it,” said Shawn Hurley, executive vice president for Skanska, the commercial development company chosen to oversee the project, in Boston. “This is a really important part of the puzzle for the overall area.”
The building will be located at the corner of Seaport Boulevard and Boston Wharf Road—an area that is currently used as a parking lot. The ground floor of the building will be occupied by retail stores and there a public park is planned across the street. PwC helps the city take another step toward completing its “Seaport Square” plan that seeks to develop a “20-block cluster of offices, stores, residences, and public parks.” The New England Council congratulates PwC on this exciting expansion.