Two Financial Center breaks ground today

Mayor Thomas M. Menino is scheduled to attend the ground-breaking ceremony today for Two Financial Center, a 12-story office building in the city's Leather District, his office said.

The project, with a total development cost of $110 million, will replace a surface parking lot with an office building with ground-floor retail, the mayor's office said.

The building's developer is a joint venture between Lincoln Property Co., a Texas-based real estate firm, and ASB Capital Management, an institutional money management firm with headquarters in Maryland.

The project is expected to be completed by early 2009.
(By Chris Reidy, Globe staff)