Will Occupy Space in City’s Major Redevelopment Area by 2023
BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT) today announced that in 2023, its
new global headquarters in Boston will be One Congress Tower (One
Congress). To be located at Bulfinch Crossing – a major redevelopment
project in downtown Boston which will create six new high-rise and
mid-rise buildings – One Congress will break ground in the summer of
2019.
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Designed by Pelli Clarke Pelli Architects, One Congress will have many
attractive design and infrastructure features and will enable State
Street to lower overall operating and occupancy costs, and offer
employees a working environment that will foster increased collaboration
and productivity. As with State Street’s Channel Center offices, the
building will be LEED (Leadership in Energy and Environmental Design)
Gold® certified – an independent standard that verifies sustainable
building design.
“State Street has called Boston home for 226 years, and today’s
announcement reinforces our continued commitment to this thriving and
distinctive city,” said Ron O’Hanley, president and chief executive
officer of State Street. “The workforce of the future is pushing us to
rethink how and where we operate. Employees in today’s highly digitized
world need space to collaborate and access state-of-the-art technology
that supports flexible working and connectivity to support our clients.
We have seen great success with our Channel Center building in the
Seaport that was designed for this purpose, and we are confident that
One Congress will deliver an equally productive and successful
environment.”
State Street’s building at One Channel Center in Boston’s Seaport,
opened in 2014, is not impacted by this relocation with a long-term
lease until 2030.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors, including
investment servicing, investment management and investment research and
trading. With $31.62 trillion in assets under custody and administration
and $2.51 trillion* in assets under management as of December 31, 2018,
State Street operates in more than 100 geographic markets worldwide,
including the US, Canada, Europe, the Middle East and Asia. For more
information, visit State Street’s website at www.statestreet.com.
*This figure is presented as of December 31, 2018 and includes
approximately $32.44 billion of assets with respect to SPDR products for
which State Street Global Advisors Funds Distributors, LLC (SSGA FD)
acts solely as the marketing agent. SSGA FD and State Street Global
Advisors are affiliated.
© 2019 State Street Corporation - All Rights Reserved
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005517/en/
Marc Hazelton
+1 617-662-1860
MHAZELTON@StateStreet.com
@StateStreet
Source: State Street Corporation