BOSTON - The North Andover shoe company Converse plans to move its headquarters to Boston, where more than 400 employees are expected to work starting in April 2015.
During a press conference at the Parkman House, Boston Mayor Thomas Menino today announced the company's relocation, saying Converse plans to lease new office space in the redeveloped Lovejoy Wharf in Bulfinch Triangle.
The wharf is currently home to a pair of dilapidated buildings and city hall estimates its redevelopment costs at $230 million.
The Boston Redevelopment Authority in December approved office and residential redevelopment plans submitted by the Beal Companies and The Related Companies.
The Menino administration said the developers plan to invest $15 million in public infrastructure, including open space around the wharf.
A subsidiary of Nike Inc., Converse plans to lease space in a rehabilitated nine-story building on 160 North Washington Street while the structure at 131 Beverly St. will be removed and replaced with a 14-story residential building with 100 housing units.
Probe Begins After Conn. Commuter Trains Crash
NTSB Begins Investigation Into Conn. Train Crash
Lotto Fever Sweeps the Country
Conn. Commuter Trains Collide; 60 Go to Hospital
Coffee Run Leads to Hatchet Hitchhiker Arrest
Fmr. IRS Head Insists No Politics in Targeting
CDC: Fecal Bacteria Common in Swimming Pools
$1 Million in Jewels Stolen at Cannes Film Fest
NM Mom Chases Down Child Abductor
Raw: Crash Sends Car Into Fla. Pool
Raw: Obama Sits Down With Elementary Kids
Raw: Bear Falls From Tampa Tree
Ousted IRS Chief: Errors Not Caused by Politics
Terror Suspect Due in Court in Idaho Friday
Raw: Driver Ejected From Truck, Over Bridge
Could Tobacco Be the Next Biofuel?
Wash. State Releases Draft Rules for Legal Pot
Dying Man's Blinks Lead to Murder Conviction
Officials: Texas Tornado Likely Had 200 Mph Wind
Brothers Arrested in NOLA Parade Shooting
