A team led by Lincoln Property Co. has released new details on its plans for the $590 million development of a Seaport District property owned by Massport.
In January, Massport selected the Lincoln Property team from a field of seven developers that submitted proposals for 2.5-acre site. Lincoln Property’s team offered a $50 million upfront payment as part of its financial offer for the ground lease.
Developers now are beginning their Boston Planning and Development Agency approval process for the 13-story, 650,000-square-foot lab and office building and a 15,600-square-foot job training and nonprofit center known as “The Pavilion.”
The site includes a 1-acre parking lot known as parcel H, a 1.3-acre parcel on Silver Line Way including a sewer pump station and a 0.3-acre air rights section above an Interstate 90 ramp.
The main building’s lobby would be open to the public and serve as an amenity to MBTA passengers, including retail space, Lincoln Property Co. Director of Development Mark Callahan said in a notification letter to the BPDA.
The Pavilion will connect to the main building with an elevated walkway and include a cafe and public co-working space, training rooms, labs, meeting rooms and offices.
Lincoln Property is partnering with Phoenix Property Co., Boston Innovations Land and Boston Collaborative Advisors on the project, which will include joint venture partners with minority- and women-owned businesses on all phases of design, financing, construction and operations. The project team includes architects Arrowstreet, Moody Nolan and Studio Enee and construction companies Suffolk, General Air and Elaine Construction.