The path to success took 16 years to complete. But Columbia Plaza Associates, a minority-owned development firm in Boston, overcame a depressed office market and two unsuccessful joint ventures to arrive at the sale of the million-square-foot State Street Financial Center, for which it was a co-developer, at a record price for the Boston high-rise market. The project plan that resulted in downtown Boston's first speculative office building since the late 1980s traces back to 1987, when the Boston Redevelopment Authority named CPA, a group of local Asian-American, African-American, and Hispanic individual and organizational investors, as minority-owned developer for a downtown site. Under the BRA plan, CPA was obligated to develop a site in Boston's economically depressed Roxbury neighborhood in return for the downtown job. Lacking the financial resources to undertake two projects with a combined value of more than half a billion dollars, CPA raised enough money from development partners to take the planned downtown office building through its permitting and design phases.
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机译：成功之路需要16年才能完成。但是，波士顿的一家少数族裔开发公司Columbia Plaza Associates克服了低迷的办公市场和两家失败的合资企业，成功出售了面积为100万平方英尺的道富金融中心（State Street Financial Center），它是该公司的联合开发商，创下了波士顿高层建筑的最高价格。该项目计划导致了波士顿市中心自1980年代后期以来的第一座投机性办公楼，其历史可追溯到1987年，当时波士顿重建局将CPA（少数亚裔，非裔和西班牙裔个人和组织投资者团体）命名为CPA市区的开发商。根据BRA计划，CPA有义务在波士顿经济不景气的罗克斯伯里（Roxbury）附近开发一个场地，以换取市区工作。 CPA缺乏进行两个总价值超过10亿美元的项目所需的财政资源，因此从开发合作伙伴处筹集了足够的资金，无法将计划中的市中心办公楼通过许可和设计阶段。
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