The Boston Redevelopment Authority on Tuesday night approved plans for John Hancock Life Insurance’s new $350 million, 26-story Back Bay office building.
Construction on the project, which will replace an existing nine-story building at 380 Stuart St., is expected to get underway in the second half of 2016 and be completed in 2019, according to a BRA press release.
John Hancock, owned since 2004 by Manulife Financial of Canada, has built other large buildings in the city, including the Back Bay’s skyline-defining 790-foot glass skyscraper that has been known as the Hancock Tower for most of its existence. That building is no longer owned or occupied by the company, but has struggled to rid itself of the name. John Hancock also built a nearby 26-story Berkeley Street building, noted for its crowning weather beacon.
The company has been headquartered in the Seaport since last decade. According to The Boston Globe, that won’t change with the new building.
John Hancock said in a filing to the BRA that the new building will be distinctive for its “curved glass structure’’ (which has drawn Star Trek comparisons). The company will use part of it, and plans to lease other portions, according to the filing. The 625,000-square-foot, 390-foot-tall building is expected to include office, retail, and restaurant space, as well as a conference center, a fitness center, and 175 underground parking spots, according to the press release.
When Boston built the Hancock Tower: