Boy oh boy! Even more changes coming to the Fort Point neighborhood. Last week we reported that Developers Alexandria and National Development purchased the 2.7 acre General Electric headquarters for $252 million. Well, developer Related Beal has just purchased 6.5 acres of waterfront property right next to the General Electric Co. headquarters. Boston Business Journal is reporting that Procter & Gamble Co is selling the property for $218 million. It’s located at 244-284 A St. which is currently a large parking lot.
Marketing material for the site displayed five buildings on the 1 million square foot property. The buildings could range in height from 110 feet to 180 feet.
This is not the first piece of property that P&G has sold. Last year, it sold a 30,000-square-foot building and a quarter-acre parking lot for a a total of $11.5 million.
Lots of changes coming our way!