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...]

Fan Pier Fanfare Feeds Boston’s Economic Hopes

Fan Pier Boston Ground Breaking Ceremonies

Joe Fallon on Fan Pier:  “If we weren’t going to get going I was gonna jump... (in the harbor).” Some of the 1,000 new construction jobs created by Boston's Fan Pier development (Curt Nickisch/WBUR) BOSTON — It was the sort of event that almost made you forget the recession ever happened. Sharply dressed bankers and developers, the mayor and governor took to a stage under a big white party tent with balloons and band lights. In front of them, a row of shovels and a neatly shaped pile of sand. When Matt Emmens, the CEO of Vertex Pharmaceuticals stood at the podium, he said he’s been to many groundbreakings before. “For those of you that haven’t,” Emmens said, “let me give you a clue. We like biomarkers in our business. The marker … [Read more...]

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