New Balance is opening its new global headquarters.
The athletic shoe and sports apparel giant planned a tour of the new, 250,000 square foot space in Boston's Brighton neighborhood on Thursday. Company president and CEO Rob DeMartini is among the scheduled speakers.
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The new headquarters, located near New Balance's current home, is part of an ambitious, 15-acre development along the Massachusetts Turnpike by the company's real estate development arm.
The estimated $500 million project includes a new practice and training facility for NHL's Boston Bruins, a track and field complex, a 175-room boutique hotel, 650,000 square feet of office space, 80,000 square feet of retail and restaurant space, 1.4 acres of open space and a new commuter rail station.
Harvard Business School's publishing house, currently located in Watertown, inked a deal earlier this year to be among the complex's new tenants.
The Bruins facility is expected to open next year, as is the commuter rail station, which will cost roughly $15 million. It's to be financed by New Balance and be a stop along the line serving the state's two biggest cities — Boston and Worcester.
New Balance owns five factories in New England and one in the United Kingdom. The company employs over 5,000 workers and reported sales of $3.3 billion in 2014.