The cold and rain couldn’t stop the celebration for the groundbreaking of developer MP Boston’s newest project, Winthrop Center.

Construction beginning at Winthrop Center.

On Wednesday night, city officials came together to celebrate Winthrop Center, which is set to be completed spring 2022. Winthrop Center will feature office work space, residential units, retail, dining, and commercial space, along with a curated public gathering space in the heart of Downtown.

“This project will set the tone for how we want to continue to move the city of Boston,” said Mayor Marty Walsh.

“This is a national model,” the mayor added.

When complete, the building will stand at 691 feet tall making it Boston’s fourth tallest building. The building will feature 750,00 square of office space as well as an open midblock street between Winthrop Square / Downtown Crossing and Federal Street / the Financial District.

There will also be a civic space open to the public called the Great Hall. This will be designed for gatherings throughout the year to help foster community.

Winthrop Center will house about 420 luxury residences. Residents will get to enjoy nutrition services, full service lounge and access to a resident-only club, La Vie.

Mayor Martin Walsh talking to the crowd.

“Winthrop Center represents the next generation of development offering a seamless integration between the built environment and the urban human experience, “said Christopher M. Jeffries of MP Boston. “This building signifies a transformed Boston, and is an unprecedented example of how city leaders, the public and forward-thinking private innovators can come together to create the cities of tomorrow.”

The project will cost around $1.3 billion. Boston is expected to get $15 million in annual tax revenue from the development.

It wasn’t easy for MP to get this point. Their originals plans called for a 775-foot-tall building, but that was criticized saying it would cast a shadow on the Boston Common. Money earned from the tax revenue will partially go to the Boston Common to help maintain the park.

However, Walsh said the groundbreaking is proof that new development can come to downtown.

“Developers have to be creative,” he said.

Attendees also got to enjoy a performance from Boston band The Price Boyz at the beginning of the night.

The Price Boyz performing.

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