Exchange Place (Boston)

Exchange Place
Exchange-place-boston.jpg
Exchange Place at dusk
General information
Type Office
Location 53 State Street, Boston, Massachusetts
Coordinates 42°21′30″N 71°03′23″W / 42.35832°N 71.05645°W / 42.35832; -71.05645Coordinates: 42°21′30″N 71°03′23″W / 42.35832°N 71.05645°W / 42.35832; -71.05645
Completed 1984
Height
Roof 510 ft (160 m)
Technical details
Floor count 40
Floor area 1,121,599 sq ft (104,200.0 m2)
Lifts/elevators 24
Design and construction
Architect WZMH Architects
Developer Brookfield Properties Corporation
References
[1]

Exchange Place is a modern skyscraper located at 43–53 State Street or 1 Exchange Place, between Congress and Kilby Streets, in the Financial District of Boston, Massachusetts. Built in 1981–1985, it is Boston's 14th tallest building, standing 510 feet (155 m) tall, and containing 40 floors. It rises out of a previous building, the 12-story Boston Stock Exchange, built in 1889–1891 and designed by Peabody and Stearns. The intent was to demolish the older building in order to construct the skyscraper, but preservationists succeeded in rescuing a portion of the Stock Exchange's facade.[2]

Brookfield Office Properties, which had previously purchased the building from Harold Theran in 2006,[3] sold Exchange Place to UBS Realty Investors LLC in 2011.[4] It is home to the Boston Consulting Group, advertising agency Hill Holliday, marketing agency Optaros, software company Acquia, Hachette Book Group, the Macquarie Group, The Blackstone Group, AllianceBernstein and Circulation, Inc. In June 2017, The Boston Globe moved into Exchange Place from its longtime headquarters on Morrissey Boulevard in Dorchester, Boston.[5]

The original Exchange Building was designated a Boston Landmark by the Boston Landmarks Commission in 1980.[6][7]

See also

References

  1. ^ "Exchange Place". Skyscraper Center. CTBUH. Retrieved June 8, 2017.
  2. ^ Southworth, Susan & Southworth, Michael (2008). AIA Guide to Boston (3rd ed.). Guilford, Connecticut: Globe Pequot Press. p. 124. ISBN 978-0-7627-4337-7.
  3. ^ Douglas, Craig M. (February 28, 2011). "Exchange Place gets a valuation bump as cash flow strengthens". Boston Business Journal Real Estate Daily.
  4. ^ Nolan, Anita (December 22, 2011) "Brookfield Sells Boston's 53 State St. for $610Mln " Commercial Real Estate
  5. ^ Arsenault, Mark (June 21, 2017). "With an eye on the future, Globe returns to downtown Boston". The Boston Globe. Archived from the original on December 22, 2017. Retrieved June 23, 2017.
  6. ^ Boston Landmarks Commission (1979). "The Exchange Building Study Report" (PDF).
  7. ^ "City of Boston" (PDF). City of Boston. Retrieved 2016-12-14.

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