Pier 4 In Boston Will Be “Worthy Of One Of The World’s Great Cities”

Tishman Speyer unveiled renderings on August 4 of its new mixed-use project in Boston’s Seaport District, which co-CEO Rob Speyer said he hopes will be the “brightest jewel” of the city’s waterfront.

“Our goal at Pier 4 is to create the brightest jewel of the Boston waterfront,” Speyer said. “This will be a project entirely worthy of one of the world’s great cities.”

Tishman Speyer’s plans call for a nine-story, 100-unit condo building, which will incorporate 16,800 square feet of retail and restaurant space on the ground floor. The building is being jointly designed by SHoP Architects and CBT Architects.

The project will also include a 1-acre public park with waterfront access and a plaza with space for performances and dining.

Read more at Boston Herald and Boston Business Journal.

Rob Speyer Announces China Life and Ping An As Investors in Boston’s Pier 4 Project

This week, Tishman Speyer Co-CEO Rob Speyer announced China Life Insurance Group and Ping An Insurance Company as co-investors in Tishman Speyer’s development of Pier 4 in Boston’s Seaport District.

“Tishman Speyer has been an active investor and developer in China for more than a decade,” said Speyer. “In that time, we have forged strong, productive relationships with both China Life and Ping An. We are really pleased that they have chosen to join us on this project.”

The waterfront development will include a one-acre public park, a nine-story residential building and a 13-story office tower. Both buildings will include ground floor retail/restaurant space and are expected to obtain LEED gold certification.

This partnership marks the first time China Life and Ping An, China’s two biggest insurance companies, have made equity investments in American real estate and have invested in real estate outside of China.

Read more on Tishman Speyer’s history in China in The Wall Street Journal.

Rob Speyer Calls Boston “One Of The Strongest Economies In The Country” As Tishman Speyer Proceeds With Pier 4 Project

The Boston Globe recently highlighted Tishman Speyer’s development of Pier 4 as part of the “sweeping transformation” of Boston’s Seaport District.

Tishman Speyer is currently developing 561,000 square feet of new development at Pier 4, including a 13-story office building with 20,000 square feet of ground floor retail and a nine-story condominium with 17,000 square feet of ground floor retail. The mixed-used development will also feature restaurants a one-acre waterfront park.

“We’re seeing strength throughout the market and that gives us the confidence to move forward on a speculative basis,” Rob Speyer told The Boston Globe. “Boston has one of the strongest economies in the country. It’s diverse in terms of its industries, and it has an extremely educated workforce.”

Read more on Boston’s building boom in The Boston Globe.