Gibson Sothebys International Realty Logo

Back To Blog

Quincy Center Redevelopment Project

Quincy Center is going to completely changed within the next several years. Starting in 2013, the Beal Cos. and the Street-Works company are teaming up for a revitalization project that may take a number of years to complete, but will fundamentally change how we perceive Quincy Center.

Beal has worked on the development of The Clarendon building in Bostons Back Bay, much of the biotech projects in Cambridge, and renovated the art deco Batterymarch in the Financial District of Boston as well as the Park Square building. With all of this experience and expertise, this redevelopment initiative will be one of their greatest, expected to set these firms back $1.6 billion. A staggering figure, it has been made slightly easier from funding efforts sponsored by the state of Massachusetts which put forward $60 million. Moreover, the city of Quincy has borrowed $289 million that will primarily go towards building up the infrastructure and roads that will not only speed along this building process but will also benefit the city once the project has been completed as well.

Wider sidewalks, at least 30 new restaurants, a public green, entertainment areas, a farmers market, higher education institutions, world-renowned businesses, two 20-story office buildings, a new parking garage, a new retail facility, and finally 200 loft-style residences all are in the works to fit within 20 blocks and will result in a total of 3.5 million square feet of added space! All of this, which is certainly a mouthful to say the least, and perplexing as it may seem, did not receive much scrutiny at all from the public once these plans had been released. Instead, residents are hinting that they are tired of the status-quo of their city, and that a drastic change like this would improve all of their lives and for future generations. Quincy absolutely will be back on the map as a destination just 8 miles outside of Beantown.

7,500 construction jobs during the building process and 11,000 permanent working jobs thereafter are the anticipated numbers the city will benefit from. A memorable environment, new cobble stone streets complete with classic outdoor restaurants and cafes all make for an exciting 24-hour city that we can not wait to get to know just down the road!

Add Comment

Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

Comments

  1. No comments. Be the first to comment.

Contact Us