This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

State Street Opens ‘Workplace Of The Future’ In Boston’s Innovation District

Stocks in this article: STT

State Street Corporation (NYSE:STT) today announced the opening of its building at One Channel Center in Boston. The new building consists of workspace designed to support mobility and flexible work schedules, to promote operational and technological efficiency and to encourage collaboration among employees.

“The way ahead in financial services is highly dependent on attracting and maintaining a talented, diverse and engaged workforce to build innovative solutions for our clients, ” said Jay Hooley, chairman, president and CEO at State Street. “Channel Center offers a unique opportunity to re-shape our workplace environment to support these goals.”

The new building includes design elements and amenities that encourage employees to use office space differently. Features of the new building include:

  • A multi-functional approach to rooms, including the cafeteria, conference rooms and collaboration rooms
  • Enhanced ergonomic support at workstations which include stand-up desks and fitted chairs
  • Centralized trash, shredding, composting and recycling
  • 100 percent wireless to support mobility and flexible work schedules
  • Increased natural light in open space and white noise throughout the building
  • LEED certified design for environmental sustainability
  • Fitness center in the building with locker rooms and showers
  • Access to green space, 130 bike racks for commuters and a Hubway location next door
  • Quiet rooms for nursing mothers
  • Meditation rooms for prayer and reflection

“State Street is a leader in employment and sustainable corporate practices globally,” said Boston Mayor Martin J. Walsh. “I am pleased that State Street has maintained its commitment to its headquarters in Boston, and has made a significant investment in the construction of a state of the art building on the growing South Boston Waterfront."

The Channel Center building has capacity for more than 3,500 employees to support State Street’s mobile and flexible workforce. Ten percent of the Channel Center consists of unassigned workspaces with video and audio conferencing capabilities to encourage communication and idea sharing with virtual teams. The building is leased by State Street and was planned for in advance of the expiration of leases in four buildings in downtown Boston in 2014.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs