The Abbey Group this week filed details plans for a 5.6-acre development that would combine lab and office space aimed at life-sciences and technology companies on the current site of the Boston Flower Exchange on Albany Street next to I-93.
In a filing with the BPDA, the developer estimates the new Exchange South End complex could mean between 4,000 and 7,000 new jobs and proposes setting aside an acre of the site for a park. Proposed are four buildings, between 6 and 20 stories.
The Project, as currently conceived, will include the construction of four buildings with approximately 1,481,350 square feet of mixed-use commercial and life science research space, 42,500 square feet of ground floor retail space, and 30,000 square feet of civic space situated around a new central public park. Below-grade parking garages under each building will provide approximately 1,145 parking spaces, with parking with access provided via driveways off Albany Street and BioSquare Drive. ...
The Project will leverage its proximity to Boston Medical Center, Boston University Medical School, the burgeoning tech start-up ecosystem in the Harrison/Albany Corridor, and direct connections to nearby public transportation options through the development of a life science and technology office campus.
In addition to creating a new park, Abbey is proposing to put some money into extension of the South Bay Harbor Trail. It also proposes working with the city and state to adjust traffic signals in nearby streets and upgrade connections to the adjacent I-93.
Exchange South End project notification form (35M PDF).