August 10, 2017

GE delays new Boston HQ opening

General Electric said Thursday it is delaying construction of its new Boston headquarters in an effort to trim costs on its corporate relocation to the Bay State.

Completion of the company's new headquarters in Boston's Seaport District has been pushed back to 2021, as GE splits the project into two phases. The move will trim "million of dollars" from the project's $200 million original pricetag, a GE spokesman said. The original opening date was mid-2019, he said.

In the first phase, the campus will include two renovated brick buildings in the District's Fort Point Channel neighborhood, which would open in 2019 and house 300 GE employees.

A new 12-story building will take two years to build and open in mid-2021, housing 500 employees, GE said.

To date, GE has 250 employees at its temporary office space on Farnsworth Street, a GE spokesman said.

Ann R. Klee, GE's vice president of Boston development and operations, said the delay doesn't alter GE's relocation plans or commitment to the city of Boston.

"For GE, opening a new headquarters is a 'once-in-a-40-year' decision," Klee said via email. "We are committed to Boston and look forward to moving to GE Innovation Point, which will be a hub for innovation and the industrial internet."

Editor's Note: This story has been updated with the correct number of employees housed in temporary space in Boston.

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