State Street Corp. will move its corporate headquarters to One Congress, a 1 million-square-foot office tower currently under development. A partnership of National Real Estate Advisors, Carr Properties and The HYM Investment Group is constructing the project, which is part of the $1.5 billion, six-building development Boston’s Bulfinch Crossing.
Currently calling 1 Lincoln St. in Boston home, State Street will begin a 15-year lease for 510,000 square feet in the building in 2023 when its current lease expires. “State Street has called Boston home for 226 years, and today’s announcement reinforces our continued commitment to this thriving and distinctive city,” Ron O’Hanley, State Street’s president & CEO, said in a prepared statement.
Pelli Clarke Pelli and CBT are in charge of designing the 43-story One Congress, located adjacent to the Boston Public Market. Construction on One Congress is expected to get underway this summer with a planned delivery date of year-end 2022. When completed, the project is expected to feature an original glass curtain wall design. Amenities are set to include more than 30,000 square feet of fitness space, a one-acre, outdoor roof garden, shared conferencing space and numerous upscale food and beverage offerings. There will also be ample parking and bike facilities for those who prefer biking to work.