The $1 billion development known as the “Exchange South End” received approval from the Boston Planning & Development Agency last week to build on the former site of the Boston Flower Exchange in the South End.
The development, which sits on more than 5 acres of land, will eventually be home to four new buildings that will sit between I-93 and Albany Street. When finished the new development is expected to have an estimated 7.000 technology and life science jobs.
According to this Curbed Boston article The Exchange will include:
- Buildings will total 1.4+ million square feet of commercial, technology, and life science research space.
- 42,500 square feet of ground-floor retail.
- 30,000 square feet of civic and business-incubator space.
- 30,000-square-foot, publicly accessible park.
- With an additional 14 surface spaces, the Exchange South End would contain a total of 1,159 parking spaces.