350,000 SF Waterside Place Opens on the South Boston Waterfront

Waterside Place in Boston

Mayor Martin J. Walsh joined MassPort, The Drew Company, and South Boston elected officials to celebrate the opening of Waterside Place, a 350,000 square foot mixed-use development at 505 Congress Street in Boston’s booming Innovation District.

The building features 236 rental units, a 7,000-square-foot Innovation Center and 10,000 square feet of retail space.

"On the South Boston waterfront alone, there is $1.2 billion of construction underway," said Mayor Martin J. Walsh. "Waterside Place brings significant housing and retail space, as well as an Innovation Center to house entrepreneurs and technology companies as they grow their businesses and create jobs here in Boston. I want to thank the team that came together to make this project happen and congratulate Waterside Place on the opening."

The LEED Gold-designed 20-story building offers one-, two- and three-bedroom units, 140 parking spaces, 24/7 concierge service and a third-floor Resident Amenity Suite that includes a media room, pub and games room, café, fitness center, library and outdoor deck space with bocce courts, community gardens and a summer kitchen.

Located on three Massport-owned acres between Congress and Summer streets, Waterside Place is adjacent to the MBTA Silver Line Station with access to the Massachusetts Turnpike, Interstate 93 and Logan International Airport. Financing for Waterside Place is provided by RBS Citizens, Eastern Bank and Blue Hills Bank.

The Drew Company's past development projects include, the 2.5 million square foot Seaport Hotel and World Trade Center Boston Complex, the 3 million square foot Ronald Reagan Building in Washington, D.C., the Great Woods Center for Performing Arts (now called the Xfinity Center), the Bayside Exposition Center, and Constitution Plaza in Boston, MA.

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