#Boston Business & Tech
2 min read

State Street Corporation - 'Responsible For More Than 10% Of The World’s Assets' - Moving HQ to One Congress

State Street Corporation - 'Responsible For More Than 10% Of The World’s Assets' - Moving HQ to One Congress

Boston, MA - State Street Corporation claims they are responsible for more than 10% of the world’s assets, making their business paramount to the global economy. They aim to put their clients first, helping them through their biggest challenges and guiding them to reach their goals. They call it “asset intelligence.” Basically, the company uses its technology, people, and experience to help clients get to that next level.

State Street Corporation covers a wide range of topics, including but not limited to new technologies, social change, innovation, and market disruption. The business will help clients stay on top of cultural shifts and trends in today’s competitive market. All of this can be done with minimal financial risk.

With all of that being said, State Street Corporation would like to inform all clients and future potential clients that they’ll be moving their headquarters in just a few short years to a 43-story tower.

The skyscraper that will begin construction in the summer of 2019 will be known as One Congress Tower, and that’s where the State Street Corporation is planning to relocate to. According to blueprints, One Congress Tower will be one of six buildings planned in this general area.

This project has been in the works for quite some time. According to reports, blueprints and building plans were boosted after two Washington, D.C.-based real estate firms decided to jump on board with the project. This happened back in September 2018.

The futuristic building will be approximately 530 feet tall, coming in as Boston’s 12th largest building.

Last week, State Street Corporation announced additional information regarding the huge move in 2023; according to reports, the company will be reducing its workforce by approximately 5%. Senior management roles will also be reduced by approximately 15% when the move takes place.

All officials currently employed by State Street Corporation have stated that their offices located in the One Channel Center building will not be affected. The company will have a long-term lease with One Congress Tower up until 2030, for starters. All employees are excited about the future of the company at their new location.