NEW YORK (Reuters) – General Electric Co scrapped plans for a 12-story headquarters office tower on Boston’s waterfront on Thursday, choosing instead to lease smaller buildings nearby and return $87 million in incentives to the state.
The move is another side-effect of the 127-year-old company’s decision last year to break up and sell major businesses since it will no longer need the 800-person campus it envisioned.
GE - Headquarters - Employees - Brick - Buildings
GE’s headquarters now will have about 250 employees in two brick buildings that once housed the Necco Wafer candy company. GE will lease the buildings, about 95,000 sq feet, after selling them and adjacent land for the tower...
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