State Street Opens ‘Workplace of the Future’ in Boston’s Innovation District
June 10 2014 - 11:00AM
Business Wire
New Facility Designed for the Needs of a Modern Workforce
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.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $27.5 trillion in assets
under custody and administration and $2.4 trillion* in assets under
management as of March 31, 2014, State Street operates in more than
100 geographic markets worldwide, including the U.S., Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s web site at www.statestreet.com.
* Assets under management include the assets of the SPDR®® Gold
ETF (approximately $34 billion as of March 31, 2014), for which
State Street Global Markets, LLC, an affiliate of SSgA, serves as
the distribution agent.
CORP-1033
State Street CorporationElizabeth Bartlett, +1
617-662-2903www.statestreet.com@StateStreet#WorkplaceoftheFuture
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