View source for 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|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         = <ref>{{cite web|title=Exchange Place|url=http://www.skyscrapercenter.com/building/exchange-place/3636|website=Skyscraper Center|publisher=CTBUH|access-date=June 8, 2017}}</ref>
}}
'''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, Boston, Massachusetts|Financial District]] of [[Boston, Massachusetts]].  Built in 1981–1985, it is tied for Boston's [[List of tallest buildings in Boston|17th tallest building]], standing 510 feet (155&nbsp;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.<ref>{{cite aiaboston|page=124}}</ref>

[[Brookfield Office Properties]], which had previously purchased the building from Harold Theran in 2006,<ref>{{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|Boston Business Journal Real Estate Daily]] | date= February 28, 2011 }}</ref> sold Exchange Place to [[UBS]] Realty Investors LLC in 2011.<ref>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]]''</ref> It is home to the [[Boston Consulting Group]], advertising agency [[Hill Holliday]], marketing agency [[MRM Worldwide|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]].<ref>{{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 }}</ref>

The original Exchange Building was designated a [[Boston Landmark]] by the [[Boston Landmarks Commission]] in 1980.<ref>{{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 }}</ref><ref>{{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}}</ref>

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]].<ref>{{cite web | url=https://www.securesourceenergy.com/53-state-street | title=Secure Source Energy }}</ref>

An [[Amalgamated Bank]] branch is at street level, with [[Automated teller machine|ATMs]] located at the intersection of Congress Street and [[State Street (Boston)|State Street]].<ref>[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.</ref>

== Accessibility and transportation ==
[[File:State Station at Exchange Place-2023 001.jpg|thumb|right|Stair and elevator access to the Boston subway on the Congress Street side.]]
Close to the southwestern corner of the building near the junction of [[Congress Street (Boston)|Congress Street]] with Exchange Place, the building sits directly atop the [[State station|State Street MBTA station]], featuring direct access to the [[Blue Line (MBTA)|Blue]]-Line Wonderland-bound platform and by extension the [[Orange Line (MBTA)|Orange]] Line.

=== Bus connections ===
At the main entrance on Congress Street a number of [[MBTA bus]] routes stop adjacent to the building and entrance to State street station. These include local routes to [[Charlestown, Massachusetts|Charlestown]], and [[North Station]].

*{{MBTABus|4}}: {{bts|North Station}}–Tide Street (Northbound only)<ref>[https://www.mbta.com/schedules/4/line Link], MBTA #4 bus schedule.</ref>
*{{MBTABus|92}}: {{bts|Sullivan Square station}}–Downtown via Main Street<ref>[https://www.mbta.com/schedules/92/line Link], MBTA #92 bus schedule.</ref>
*{{MBTABus|93}}: Sullivan Square station–Downtown via Bunker Hill Street<ref>[https://www.mbta.com/schedules/93/line Link], MBTA #93 bus schedule.</ref>

== See also ==
* [[List of tallest buildings in Boston]]

== References ==
{{Reflist}}

== External links ==
{{Commons category|position=right|Exchange Place (Boston)}}
{{clear|left}}
* {{Official website|https://www.beaconcapital.com/property/53-state-street}}
* {{usurped|1=[https://web.archive.org/web/20070930065627/http://www.emporis.com/en/wm/bu/?id=exchangeplace-boston-ma-usa Exchange Place]}} at [[Emporis.com]]

{{Boston skyscrapers|state=collapsed}}
{{Beacon Capital Partners}}
{{Peabody & Stearns}}

[[Category:Brookfield Properties buildings]]
[[Category:Office buildings completed in 1985]]
[[Category:Skyscraper office buildings in Boston]]