Groundbreaking on the $210 million Boston Cargo Terminal project in the Seaport will take place in a matter of weeks, a project official told the Herald yesterday.
The nearly 30-acre property is expected to include three commercial warehouse buildings, a 120,000-square-foot building with a lufa farm, 160 parking spaces, and a Harborwalk path.
The complicated deal involves land owned by the Boston Redevelopment Authority and leased by Massport. The developer is Cargo Ventures.
Two previous groundbreakings had been scheduled with Gov. Deval Patrick and Mayor Martin J. Walsh, but were postponed, said City Hall spokeswoman Kate Norton.
The project official said the developer was in talks with the New England Teamsters & Trucking Industry Pension Fund to help finance the project, but that nothing had been finalized.
That official said the Teamsters pension fund was already helping finance another project by Cargo Ventures — the One Harbor Street property in the Marine Industrial Park, whose current tenants include Vertex.
Officials at the Teamsters pension fund did not return messages for comment yesterday.
It's been a long road for the project, which was originally proposed in 2007 before the economic downturn delayed the development. The BRA approved a revised plan in April.
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