SOURCE: WS Development

WS Development

November 14, 2014 14:18 ET

WS Development Breaks Ground at One Seaport Square and Announces the Project's First World-Class Tenants, Showplace Icon Theatre at Seaport Square, Equinox, and Kings Bowl

BOSTON, MA--(Marketwired - November 14, 2014) -  One Seaport Square breaks ground today, and WS Development, one of the country's most prominent real estate development firms, based in Massachusetts, reveals that ShowPlace Icon Theatre at Seaport Square, Equinox, and Kings Bowl will be among its tenants. The news signals the comprehensive and world-class lifestyle experience that the development will offer when it comes to completion in 2017. One Seaport Square encompasses two towers, 22 and 20 stories respectively, with a total of 250,000 square feet of retail space on their first three floors and 832 luxury apartments on their remaining floors. Seaport Square itself is the largest master planned project in the City of Boston and will offer world-class fashion, entertainment, fitness, dining, residential and commercial space across 23 acres of land. WS Development will develop, lease and manage all 250,000 square feet of the retail space within One Seaport Square, and an additional 1,040,000 square feet of space within upcoming Seaport Square developments. One Seaport Square's residential component will be developed by Berkshire Group, in partnership with Boston Global Investors (BGI). BGI is the Master Developer of Seaport Square. One Seaport Square is bordered by Seaport Boulevard, Northern Avenue, Sleeper Street, and Fan Pier Boulevard; www.wsdevelopment.com

Perfectly suited for developing the lifestyle experience to be found within Seaport Square, WS has a long-standing history of building vibrant, open air destinations with distinct collections of retail, entertainment, and dining options. WS-led properties are also known for integrating the community, creating meaningful cultural experiences, and giving great support to non-profit partners.

"We could not be more thrilled to break ground today and to share that ShowPlace Icon Theatre at Seaport Square, Equinox, and Kings Bowl are the first of the many world-class tenants that will bring our vision to life. We have the privilege of building a city within the city, a neighborhood that represents the future of Boston," says Dick Marks, Partner at WS Development.

With its 250,000 square feet of retail space, One Seaport Square represents the highest concentration of retail space in the Seaport District. Both towers are designed by Elkus Manfredi Architects, also based in Boston, and will qualify for LEED Silver Certification. "With their glass structures, they are a new generation of modern architecture in the City of Boston. The retail floor architecture is lively, diverse modern and glassy so as to engage pedestrians and mirror the energy of food and retail. The residences are also very open and modern; their architecture connects them to the harbor and to the city," said David Manfredi, Founding Principal of Elkus Manfredi Architects.

The project has plans for Courthouse Square, a 17,000 square foot, retail lined open space between the two towers that will serve as a pedestrian link between the buildings, the MBTA Courthouse Station and the Moakley Federal Courthouse.

About The Tenants: As WS creates its collection of tenants for Seaport Square, it is thoughtfully choosing brands that will provide an unforgettable experience to those who live, work and visit the area. Below are details on the first three tenants to join One Seaport Square; they are slated to open in 2017. More will be announced in the future.

  • ShowPlace ICON Theater at Seaport Square: Owned by Kerasotes Showplace Theatres, ShowPlace ICON Theatre at Seaport Square will be the newest location in the company's 100+ year history. Immersing guests in luxury, ShowPlace ICON will have sophisticated décor, 10 auditoriums, and just 860 seats so as to provide an intimate cinema experience. All auditoriums will have cutting-edge technology for both sight and sound, with wall-to-wall screens and plush recliner seating for ultimate comfort. Seating will be reserved so movie-goers will never face the uncertainty of ticket availability or having just the right seat. There will be no ticket lines as guests will be able to download tickets on their smart devices via the Showplace ICON app. The theatre will also contain the Lobby Lounge, a chic restaurant with a full bar, seating for up to 175 guests and dramatic views of downtown Boston.
  • Equinox: This high performance fitness and lifestyle leader operates 73 upscale, full-service clubs in major U.S. markets such as New York, Los Angeles, Chicago, Miami, Boston, Dallas, San Francisco, and Washington D.C., as well as international locations in London and Toronto. Since its inception in 1991, Equinox has developed a lifestyle brand that represents service, value, quality, expertise, innovation, attention to details, market leadership and results. Providing a holistic approach to fitness Equinox offers an integrated selection of Equinox-branded programs, services and products, including strength and cardio training, group fitness classes, personal training, spa services and products, apparel and food/juice bars.
  • Kings Bowl: A locally grown Boston business, Kings Bowl rekindles the fun and escape of bowling with a memorable entertainment experience, emphasizing homemade food, cold beer, creative cocktails and great music. Kings will feature Private Bowling Rooms, Billiards, Shuffleboard, Air Hockey and other fun and interactive games. Upscale, retro-inspired décor and executive-chef designed menus are brought to life by Kings' "best-in-industry" service. With varied entertainment options, theme nights, and state-of-the-art audio-visual equipment, Kings sets itself apart as an unparalleled social scene for all occasions.

Location: One Seaport Square is Boston like never before. Over the next several years, its surrounding area, Seaport Square, will develop as the largest master planned project in the City of Boston and the second largest master planned project in the United States, with twenty three acres of world-class retail, business, and residential space that knit together the Financial District, Waterfront, Fort Point Channel and Fan Pier. Through the construction of five new streets, over 20 buildings, and four prominent public gathering areas, Seaport Square will redefine the meaning of a unified, walkable, and dynamic neighborhood. One Seaport Square boasts the most convenient location in the city as it is directly accessible from downtown Boston as well as to the I-93 and I-90 interchange. It is a mere minutes from Logan Airport and Amtrak's South Station, and has its own public transit via the Silver Line. Less than a quarter of a mile north of One Seaport Square are The Rose F. Kennedy Greenway and Financial District; just steps south of One Seaport Square is the thriving Fan Pier, a 21-acre development.

For more details about One Seaport Square please follow: @ShopSeaportSq on Twitter, @ShopSeaportSquare on Instagram and Shop Seaport Square on Facebook

About WS Development: One of the largest privately-held retail development firms in the U.S., WS Development owns, manages and leases a portfolio of over 85 properties totaling more than 20 million square feet with an additional 4 million square feet under development. At each of its locations, WS seeks to create a best-in-class environment for its merchants and customers. WS is committed to long-term investments and relationships built on trust, respect and teamwork. WS has set trends in the industry for more than thirty years with its portfolio of premiere, open-air destinations that exceed visitors' expectations with world-class retail, restaurants and entertainment, beautiful architecture and dynamic community events. WS's premiere portfolio currently includes Derby Street Shops (Hingham, Massachusetts), Seaport Square (Boston, Massachusetts), Hilldale (Madison, Wisconsin), Highland Village (Jackson, Mississippi), Hyde Park Village (Tampa, Florida), Legacy Place (Dedham, Massachusetts), The Street (Chestnut Hill, Massachusetts) and MarketStreet Lynnfield (Lynnfield, Massachusetts). For more information, visit wsdevelopment.com, call 617.232.8900 or follow @WSDevelopment on Facebook, Twitter and Linkedin.

About Berkshire Group: Berkshire Group is a real estate investment management company known for its vertically integrated platform and experience in the multifamily sector. Berkshire deploys capital primarily through equity, debt and development in the multifamily arena, as well as through opportunistic ventures in other real estate sectors. Over more than four decades, Berkshire's team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record of solid performance based on thoughtful, leading edge strategies, and operational experience. The Company has experience across the multifamily real estate spectrum in disciplines including acquisitions, asset and property management, debt, development and redevelopment. Berkshire, a registered investment advisor, is based in Boston and has and offices in Atlanta, New York, Baltimore, Dallas, Houston and San Francisco. For more information on Berkshire, please visit www.berkshire-group.com

About Boston Global Investors (BGI): Boston Global Investors (BGI) is a leading real estate development and consulting firm headquartered in Boston. Led by John B. Hynes III and a team of experienced real estate professionals, BGI has over 30 years of experience developing commercial, residential and mixed-use projects from landmark towers to city-scale development. Current projects include Seaport Square and the redevelopment of United Technology Corporation's 47-acre Rocketdyne facility within LA Warner Center in Los Angeles, California. BGI was also a major shareholder and co-founder along with Gale International in the New Songdo City project in South Korea -- a massive $35 billion, 100 million square foot master planned city. Prior to forming BGI, Mr. Hynes developed the 1.1 million square foot State Street Financial Center tower, the 500,000 square foot 101 Arch Street tower in Boston, MA, and the 500,000 SF MITC Center in Chelsea, MA. www.bginvestors.com

For media inquiries, please contact Alexandra Hynes / 617-872-8991 / alexandra@44-communications.com / Chris Langley / 617-501-4293 / chris@44-communications.com

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