Repositioning of a 31-year-old high-rise office building in the heart of Boston’s Financial district. In the late 1980s, this building was in danger of slipping into Class B status, with a corresponding loss in value. In 1989, a three-phase, $98 million rehabilitation program was initiated that included improvements to the plaza, lobby, and building systems in addition to extensive asbestos abatement. Today, all of the renovated space (the up-grading of some of the middle floors is still in progress) has been leased at rental rates consistent with new Class A downtown office towers.