A publicly held real estate investment trust, Boston Properties had until now limited its investments to the eastern seaboard. But Embarcadero Center -- which includes 3.
Observers noted that Embarcadero Center is a one-of-a-kind property -- an internationally-recognizable landmark with Bay views, a central Financial District location, lots of parking and an attractive mix of shops, restaurants, a cinema and offices.
The vacancy rates for Class A office space here is about three percent, compared to nine percent nationally. This is a major property that puts Boston Properties in nearly the same league as San Francisco real estate investor Walter Shorenstein. Center will be one of his company's "flagship," properties, along with the Prudential Center in Boston, which it also recently bought from Prudential Insurance.
Downtown workers and shoppers may not remember what a risky beginning the project had 30 years ago. The 18th tallest building in the Bay Area planned or built is Four Embarcadero Center, an iconic waterfront landmark in the San Francisco skyline.
It is also the tallest of the Embarcadero Center mega-development in the Financial District and the tallest waterfront building in the region. The foot tall tower rises just two feet higher than One Embarcadero Center. The story building was completed in with 1.
In addition to energy and operational savings, Embarcadero Center tenants are now provided additional control over their environments. Through access to the building systems via a web portal integrated into the Boston Properties Tenant Portal System, tenants can make changes to the temperatures in their spaces based on their needs. Over the course of this four-year project, and through the installation of the Alerton EMCS, Syserco provided Boston Properties with a means to save 3.
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