Vertex @ Fan Pier & Growth in Biotechnology Industry Pushes Boston Apartment Market Demand

Fan Pier Boston Apartments

Boston Apartment Market Among Nation's Strongest Article Courtesy of:  Citybizlist Fueled by growth in the biotechnology industry, Boston will be one of the top-performing apartment markets in the nation this year, according to the Marcus & Millichap 2012 Market Forecast. Pharmaceutical companies are rapidly expanding in the area. The redevelopment of the South Boston Waterfront, for example, is attracting Vertex Pharmaceuticals. The company announced plans to relocate their world headquarters to Fan Pier by 2013, a move that will spur economic growth and support demand for Class A apartments in surrounding areas. Additionally, thousands of construction jobs will be created, sparking demand for Class B/C … [Read more...]

Vertex’s decision to leave Cambridge Slingshots 30-year effort to redevelop Fan Pier

Vertex Pharmaceuticals Boston, MA

Building in Boston back on track By Jerry Kronenberg  Article Courtesy of:  http://www.bostonherald.com The Hub’s long chilly commercial real estate market began showing signs of warming up in 2011, with major projects from Eastie to Southie either publicly announced, under construction or completed. “We’re in pretty good shape,” Boston Redevelopment Authority Director Peter Meade told the Herald. “We broke ground on 1,000 units of housing (in 2011) — and the last time we did that was in 2006.” Meade sees June’s groundbreaking of Vertex Pharmaceuticals’ new headquarters at South Boston’s Fan Pier as perhaps 2011’s biggest achievement. Vertex’s decision to leave Cambridge and sign a $1.1 billion South Boston lease … [Read more...]

Seaport District Boston Convention & Exhibition Center $2 Billion Expansion

Boston Convention & Exhibition Center Summer Street Boston Massachusetts

City sees banner year for conventions in 2012 By Katie Johnston Article Courtesy of:  The Boston Globe Boston Convention & Exhibition Center in South Boston. In another sign that Boston is shaking off the economic downturn, the Massachusetts Convention Center Authority said yesterday that 2012 will be its best year since 2007, with booked conventions expected to generate more than 600,000 hotel room stays for the first time in five years. The banner year strengthens the convention authority’s case for a $2 billion proposed expansion of the Boston Convention & Exhibition Center in the Seaport District and shows that the seven-year-old center has established itself, said James Rooney, executive director of the … [Read more...]

Fan Pier Construction Momentum Continues

Boston Waterfront Fan Pier Boston - Photo via: Media Crush LLC

Boston's Waterfront in Bloom Developers are set to begin construction on Pier 4, one of several projects gaining traction By Casey Ross - Globe Staff - Article Courtesy of:  Boston Globe Focus on the waterfront A look at the latest additions and proposals for the Boston waterfront. Executives with property owner New England Development of Newton and its partner on the project, Hanover Co. of Houston, said they expect to begin construction next spring on a 21-story tower that would include 357 apartments, retail stores, and an underground parking garage next to the Institute of Contemporary Art. The new building would not immediately result in the closure of the classic eatery Anthony’s Pier 4, which is to … [Read more...]

Vertex on Fan Pier Good News for South Shore Real Estate

Fan Pier Boston - Water Shuttle

Could the news that Vertex Pharmaceuticals is moving from Cambridge to Fan Pier mean good things for the housing market on the South Shore? The news that Cambridge based Vertex Pharmaceuticals will be relocating to Fan Pier in Boston was greeted with predictable applause from city of Boston officials and commercial real estate professionals in the South Boston/Downtown area, but there were cheers from the South Shore as well. Vertex Spokesman Zachry Barber reports that the agreed upon lease term is for 15 years and will include an average annual rent of $72.5 million. The two buildings to be built will total 1.1 million square feet, and will be the new home of thousands of workers. Vertex’s new addresses will be at 50 Northern Ave. … [Read more...]

Seaport Square Boston at Fan Pier Gives Bike Sharing a Waterfront Boost

Hub Way Bike Sharing Boston MA

The Bike Share Station Sponsorship Dance Christine MacDonald Article Courtesy of:  The Atlantic Cities Hub Way Bike Sharing Boston MA - PHOTO COURTESY: Flickr/Luis Tamayo Construction won’t begin until next year on the expanse of parking lots that will become Boston’s long-awaited Seaport Square neighborhood, but developers have already installed the first Hubway bike sharing station on the sprawling 6.5 million square-foot parcel. Once the new residences, shops, restaurants, office space, and hotels go up, “We plan on having several stations out there. We think it will be that much in demand,” says Kevin R. Benedix, executive vice president of Seaport Square developer Boston Global Investors. "You are always looking for … [Read more...]

Seaport Square Project, Boston Innovation Center, Fan Pier & One Marina Park Drive Connect

Fan Pier Boston - Boston Innovation Center - Fan Pier District

Boston is getting an 'Innovation Center' to serve as a hub for the Innovation District By Scott Kirsner, Globe Columnist Article Courtesy of:  Boston.com Boston's Innovation District will get a new building next year — the Boston Innovation Center — that could become the neighborhood's hub. It'll be built on land across Northern Avenue from the Institute of Contemporary Art, and not far from the MassChallenge's digs at One Marina Park Drive, the mostly-empty high-rise on Fan Pier. And the city officials nudging the project along seem to hope it will develop into something like Microsoft's NERD Center, which hosts dozens of community events each week in Kendall Square."We're not quite ready to talk about it," says real estate … [Read more...]

Vertex Arrives at Fan Pier

John Joseph Moakley Courthouse on Fan Pier Boston

City Celebrates Vertex Groundbreaking at Fan Pier – TK&A, Elkus Manfredi, and Turner Team Up Article Courtesy of: High-Profile Monthly June 2011 Boston – Mayor Menino and the BRA joined with Boston-based development firm, The Fallon Company, headed by President & CEO Joseph F. Fallon, today broke ground on Fan Pier’s second and third office buildings and the future home to the 1.1 million square foot global headquarters for Vertex Pharmaceuticals. This lease is the largest commercial lease in the history of Boston and with construction underway, it’s also the largest private sector construction project in the country. More than 1,000 construction jobs will be created as a result of this new project. Vertex currently has … [Read more...]

Karp, Buza, Hoar, Fallon, Fowler, Hynes & Menino Pivot on Vertex

Fan Pier Boston - Boston Harbor Walk - Seaport District Boston

Spurring Growth on Boston’s Waterfront By SUSAN DIESENHOUSE - Article Courtesy of:  New York Times BOSTON — When Vertex Pharmaceuticals agreed this year to move into an as-yet-unbuilt waterfront office complex, it made history as the city’s largest commercial lease at 1.1 million square feet, with a rent of $72.5 million a year. But more important for the city over all, the huge deal has spurred growth and eased the way for financing other projects. The Fallon Company is developing the $900 million office and laboratory complex for Vertex on Fan Pier, across Fort Point Channel a few blocks from downtown. Vertex, which is based in Cambridge, Mass., also has leased 60,000 square feet in One Marina Park Drive, an office building … [Read more...]

Fan Pier District & Surrounding Seaport Neighborhoods Updating Broadband Services

Comcast Broadband Services - Innovation District Boston - Fan Pier Boston - Fort Point Channel Boston - South Boston Waterfront - New Boston Waterfront - Marine Industrial Park - Seaport District - Liberty Wharf Boston

Comcast is expanding broadband services in Boston’s ‘Innovation District’ Article Courtesy of:  Chris Reidy, Globe Staff - Boston.com Mayor Thomas M. Menino said today that Comcast Corp. has begun to expand the availability of its advanced fiber network in a section of the South Boston waterfront that Menino has dubbed the Innovation District. The City of Boston is seeking to convince technology and biotechnology companies that they should relocate all or some of their operations to the Innovation District, and those types of businesses often require broadband services such as Comcast provides, Menino said in a statement. Comcast needs to get permission from the neighborhood’s property owners to gain access to their buildings. … [Read more...]

Fan Pier News – Institute of Contemporary Art Revitalizing Boston’s Waterfront

Institute of Contemporary Art - Fan Pier Boston - Seaport District

Contemporary and Boston, Opposites No Longer Article Courtesy of:  The New York Times - By JUDITH H. DOBRZYNSKI “There’s one thing I’ve heard over and over again here,” says Edward Saywell, the top contemporary art curator at the Museum of Fine Arts, Boston, who is showing off works by Ellsworth Kelly, Kara Walker, Cindy Sherman and other contemporary artists in his domain, including many new ones. “They say, ‘This can’t be Boston,’ and I say, ‘Yes, it really is.’ ” Big shows, love affairs and art all night. The people in Mr. Saywell’s tale are marveling at the museum’s new Linde Family Wing for Contemporary Art, an airy 80,000 square-foot space that opened in mid-September, but they may as well be talking about the city … [Read more...]

$50 Million in State Bond Funds Support Fan Pier Region Construction Projects

Fan Pier Boston Photo: New England Real Estate Journal

Boston's Fan Pier gets a $50M funding from I-Cubed Article Courtesy of:  Mass High Tech The section of South Boston’s planned Innovation District known as Fan Pier has won approval for $50 million from a state-run public-private program for development, part of which will be the new 1.1 million square foot headquarters for Vertex Pharmaceuticals Inc. Vertex signed a 15-year lease for the space in May, becoming the largest commercial lease in the history of Boston. A release from the office of Lieutenant Gov. Timothy Murray stated that the Innovative Infrastructure Investment (I-Cubed) program will dole out the $50 million to “support public infrastructure improvements at Fan Pier – primarily streets, sidewalks, and public … [Read more...]

Louis Move to Fan Pier: One Year Later

Fan Pier Boston - Louis Seaport District Fan Pier Boston

A fan of Fan Pier: Retailer Louis says it’s doing well in once-remote section of city Boston Business Journal by Lisa van der Pool, lvanderpool@bizjournals.com Article Courtesy of:  Boston Business Journal A little over one year ago, high-end clothing retailer Louis left its well-established spot as the chic Grand Dame of Newbury Street, for a new building on Fan Pier. People openly wondered whether Louis’ customer base would make the transition across the city, to shop in a neighborhood known for its parking lots, not its fashionable ambiance. All the same, Louis’s owner, Debi Greenberg, who would not disclose revenue, said sales are moving in a positive direction, “Louis has captivated a new audience on the waterfront, while … [Read more...]

Fan Pier’s Joe Fallon Backing “Style Boston”

style-boston-logo

‘styleboston’ sets sights on Chicago By Frank Quaratiello  |   Friday, September 9, 2011  |  Courtesy of:  http://www.bostonherald.com  |  Business & Markets Hub-based TV show “styleboston,” which kicks off its third season tomorrow night, has big plans to bring its mix of fashion and lifestyle programming to the Windy City next year. “It’s always been our vision to create the show in Boston and expand to other cities,” said CEO and creator Terri Stanley. “We are in discussions with a major broadcast station in Chicago. We’re talking about September 2012 to possibly launch.” The half-hour show started on NECN in September 2009, but after moving to WCVB-TV Channel 5 in December 2010 and landing a prime Saturday night spot after … [Read more...]

Fan Pier Boston News – MassChallenge Finale!

MassChallenge Boston MA - John Harthorne

MassChallenge gears up for contest’s finale with start-up expo By Donna Goodison  |   Monday, September 12, 2011  |  Courtesy of:  http://www.bostonherald.com  |  Technology A Note From John Harthorne of MassChallenge from MassChallenge on Vimeo.John Harthorne, Founder & CEO of MassChallenge, talks about the MassChallenge Awards Ceremony 2011. Taking place at the BCEC on Monday, October 24 at 6:00 PM, we will give away a total of $1M to high-impact, high-growth startups from around the world. The general public can get an insider’s look at Boston’s start-up scene at this month’s MassChallenge Startup Showcase. The free Sept. 27 event at MassChallenge’s Fan Pier headquarters will include an expo and one- to two-minute pitches from … [Read more...]

Boston Seaport District vs. Cambridge – BioPharma Defects to Waterfront

Biopharma Fan Pier Boston

Colliers: Boston lab market in 'transformative' year Boston’s biotechnology and laboratory property market is in the midst of a “transformative” year that has positioned the city as a formidable rival to neighboring Cambridge, long the location of choice among drug developers and researchers operating in Massachusetts. That’s according to a new report by Colliers International, which measured and parsed many of the local biotech community’s leasing trends and development activities since Jan. 1. While Cambridge still boasts the state’s largest cluster of lab and research space, its star has dimmed in recent months amid an aggressive — and, to date, successful — push by Boston officials and developers to bolster and reposition … [Read more...]

Fan Pier Boston & ICA Host Red Bull Cliff Diving World Series!

ICA Institute Contemporary Art Boston - Fan Pier Boston MA

Going off the deep end at ICA High divers should make quite a splash in harbor August 17, 2011|By Kevin Paul Dupont, Globe Staff Article Courtesy of:  Boston.com The Institute of Contemporary Art in Boston will be on the cutting edge Saturday. The Institute of Contemporary Art, the eye-catching building on Fan Pier, is usually a quiet, contemplative place. But just as all works of art are not meant to be framed on a wall or tucked into a glass display case, the ICA at the edge of Boston Harbor will break form Saturday afternoon and yield its roof to the Red Bull Cliff Diving World Series. Venture to the Atlantic’s edge Saturday and you won’t see that paradise has put up a parking lot. You will get a glimpse of the … [Read more...]

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