State House News Service
---- — 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.