SHAWMUT COMPLETES ON-TIME DELIVERY FOR EATON VANCE'S NEW HEADQUARTERS
Significant Downtown Relocation Creates New Home for Leading Investment Firm
Boston, MA – May 27, 2009 – Shawmut Design and Construction (www.shawmut.com), a leading national construction management firm, successfully completed the relocation of Eaton Vance Corporation's national headquarters to Two International Place, in the center of Boston's Financial District. The 310,000 square foot build-out, designed by CBT Architects and managed by Jones Lang LaSalle, required 15 months of intensive pre-construction and seven months of construction.
The finished space spans 10 floors and includes updated elevator lobbies on each floor, perimeter offices, 35 conference rooms, six trading areas, an e-business studio, large seminar room, data center, telecommunication IDFs on every floor, new cafeteria and kitchen, and a completely redesigned roof deck, which serves as an outdoor gathering area. Team collaboration, precise scheduling, and rigorous field supervision were key to successfully coordinating the many aspects of this large, multi-floor restack.
Some project highlights:
- Eaton Vance was one of the first clients to engage in Shawmut's Green Building Initiative Program. 82.1%, or 676 tons, of all debris on this project was recycled.
- At one point, Shawmut was managing over 300 subcontractors' employees, all working concurrently on nine floors of the building.
- Shawmut installed 95 miles of electrical wiring – enough to stretch across the entire state of Connecticut from east to west
Due to the scale and size of this project, Shawmut established a sequential floor turnover schedule to allow Eaton Vance adequate time for a smooth and seamless occupancy. This flexibility allowed Shawmut to proactively accommodate Eaton Vance's special request for early turnover of two floors by prioritizing the completion of the data center. Moreover, having fit-out the offices for the original tenant, Shawmut was not only familiar with the existing infrastructure, finishes and amenities in the building, but also knew what standard materials to use and what specific code regulations to meet. This allowed the team to propose unique cost savings strategies and maximize cost effectiveness through initiatives such as retaining existing infrastructure wherever possible.
"The Shawmut team delivered a comprehensive concept and plan and exceeded our expectations with execution and timely delivery," said Jeff Beale, Chief Administrative Officer of Eaton Vance. "We are already seeing the benefits of our relocation – our employees are reacting positively to the new space and enhancing their productivity on behalf of our clients."
About Shawmut Design and Construction
Shawmut Design and Construction is a 100% employee-owned company headquartered in Boston with offices in New York, Providence, Las Vegas, and New Haven. Shawmut is a leading ENR top 100-ranked national construction management firm providing client-oriented services in the following markets: Academic, Commercial, Corporate Interiors, Cultural and Historic Preservation, Gaming, Healthcare and Science, Hotels, Restaurants, Retail, and Spas and Health Clubs.
About Eaton Vance Eaton Vance Corp. (NYSE: EV)
One of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $127.2 billion in assets as of April 30, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.
