Despite recent criticism of the Seaport district today by some of their peers, Skanska USA Commercial Development and Twining Properties are pushing forward with plans for a 300-unit apartment tower with 25,000 square feet of retail.
Skanska Twining Properties acquired the parcel at the corner of Seaport Boulevard and Boston Wharf Road from MS Boston Seaport, LLC, comprised of Morgan Stanley, John Hynes’ Boston Global Investors and WS Development.
The tower, to be called Watermark Seaport, will be located on Block K within the 25-acre Seaport Square, which is planned to contain 6.35 million square feet of residential, office, retail, hotel and civic/cultural space upon completion.
New York-based Twining Properties has been involved with Seaport Square since 2007, advising Morgan Stanley on the 2.85 million square foot residential program during the master planning and approvals phase, according to information provided by a public relations firm on behalf of the companies.
"Watermark Seaport will link the exciting Fort Point community to Seaport Square and the waterfront with apartments, shops, restaurants and open space," said Alex Twining, CEO of Twining Properties.
That connectivity is something that other developers today said is lacking in the area. The area lacks roadway connections between major developments. Now, the MBTA is proposing service cuts throughout its system. With most of the Seaport development being built atop the many parking lots there now, there will not be spaces available for vehicular access, according to Young Park, president of Berkeley Investments. Park was part of a panel of developers that gave their opinions on the state of the Seaport at a Bisnow event focusing on the emerging district this morning. He and others expressed their concerns about transportation to and through the area.





