Exchange Place (Boston)

{{short description|Skyscraper in Boston}}

{{Use American English|date=February 2025}}

{{Infobox building

|name = Exchange Place

|image = Exchange-place-boston.jpg

|caption = Exchange Place at dusk

|image_size = 250px

|location = 53 State Street, Boston, Massachusetts

|coordinates = {{coord|42.35832|-71.05645|region:US-MA_scale:2000|display=inline,title}}

|roof = {{convert|510|ft|m|abbr=on}}

|floor_count = 40

|elevator_count = 24

|floor_area = {{convert|1,121,599|sqft|abbr=on}}

|completion_date = 1984

|building_type = Office

|architect = WZMH Architects

|developer = Brookfield Properties

|references = {{cite web|title=Exchange Place|url=http://www.skyscrapercenter.com/building/exchange-place/3636|website=Skyscraper Center|publisher=CTBUH|access-date=June 8, 2017}}

}}

Exchange Place is a modern skyscraper located at the block of 43–53 State Street or 1 Exchange Place, between Congress and Kilby Streets, in the Financial District of Boston, Massachusetts. Built in 1981–1985, it is tied for Boston's 17th tallest building, standing 510 feet (155 m) tall, and containing 40 floors. The glass tower portion rises out of a previous building, the 12-story Boston Stock Exchange, built in 1889–1891 and designed by Peabody and Stearns. The intent was to demolish the older building in order to construct the skyscraper, but preservationists succeeded in rescuing a portion of the Stock Exchange's facade.{{cite aiaboston|page=124}}

Brookfield Office Properties, which had previously purchased the building from Harold Theran in 2006,{{cite news|title=Exchange Place gets a valuation bump as cash flow strengthens |url=http://www.bizjournals.com/boston/real_estate/2011/02/exchange-place-gets-a-valuation-bump.html |author=Douglas, Craig M.| newspaper=Boston Business Journal Real Estate Daily | date= February 28, 2011 }} sold Exchange Place to UBS Realty Investors LLC in 2011.Nolan, Anita (December 22, 2011) [http://www.crenews.com/general_news/general/brookfield-sells-bostons-53-state-st.-for-610mln.html "Brookfield Sells Boston's 53 State St. for $610Mln "] Commercial Real Estate It is home to the Boston Consulting Group, advertising agency Hill Holliday, marketing agency Optaros, software company Acquia, Hachette Book Group, the Macquarie Group, The Blackstone Group, and AllianceBernstein. In June 2017, The Boston Globe moved into Exchange Place from its longtime headquarters on Morrissey Boulevard in Dorchester, Boston.{{cite news |title=With an eye on the future, Globe returns to downtown Boston |url=https://www.bostonglobe.com/metro/2017/06/21/years-after-leaving-newspaper-row-globe-returns-downtown/AcjrianLw3gvX3e1YFrqAL/story.html?s_campaign=breakingnews:newsletter |author=Arsenault, Mark |newspaper=The Boston Globe |date=June 21, 2017 |access-date=June 23, 2017 |archive-url=https://web.archive.org/web/20171222052827/https://www.bostonglobe.com/metro/2017/06/21/years-after-leaving-newspaper-row-globe-returns-downtown/AcjrianLw3gvX3e1YFrqAL/story.html?s_campaign=breakingnews:newsletter |archive-date=December 22, 2017 |url-status=dead }}

The original Exchange Building was designated a Boston Landmark by the Boston Landmarks Commission in 1980.{{cite web | url=https://www.cityofboston.gov/images_documents/The%20Exchange%20Building%20%2350%20Study%20Report_tcm3-41998.pdf | title=The Exchange Building Study Report | author=Boston Landmarks Commission | date=1979 }}{{cite web|url=https://www.boston.gov/sites/default/files/imce-uploads/2016-11/petstats_august2016_v.2.pdf

|access-date=2016-12-14|title=City of Boston|publisher=City of Boston}}

The building is inter-connected by Metro-Boston's district heating system helping it also achieve LEED Platinum and Energy Star Certification for energy conservation.{{cite web | url=https://www.securesourceenergy.com/53-state-street | title=Secure Source Energy }}

An Amalgamated Bank branch is at street level, with ATMs located at the intersection of Congress Street and State Street.[https://www.boston.gov/sites/default/files/file/2021/05/53%20State%20Continue.pdf Boston Urban Places] Historical building review of Amalgamated Bank : Boston Offices @ 53 State Street, by City of Boston.