Image courtesy of Arrowstreet

Design and engineering firm Stantec will consolidate its two Boston offices and relocate to 40 Water St. in the Financial District as part of its new hybrid workplace strategy.

The new 25,000-square-foot location overlooking Post Office Square replaces a pair of offices at 226 Causeway St. in the West End and 311 Summer St. in Fort Point that total 57,500 square feet.

Approximately 250 employees will occupy the new space, Stantec announced today. The firm has adopted a hybrid workplace model for the post-COVID era, and the new offices will be designed with additional collaborative space, a library, a model shop and a virtual reality studio. Occupancy is scheduled for this summer.

The 40 Water St. property is part of the 372,000-square-foot Congress Square portfolio, a former Fidelity Investments office complex redeveloped and expanded by Related Beal.

Korean investors Hana Financial and KTV Asset Management acquired a 95-percent ownership share of the properties at 40 Water St., 33-35 Congress St. and 33-35 Devonshire St. in a $342-million transaction that closed in January.

Editor’s note: This report has been updated to include the square-footage of Stantec’s existing Boston offices.