Fan Pier Continues to Drive Seaport Construction Boom – Goodwin Procter Moves In

Fan Pier Photo Courtesy: Boston Globe

Goodwin Procter Inks Mega-Lease at Fan Pier Article Courtesy of:  GlobeSt.com - By Paul Bubny Fallon Co.'s Fan Pier mixed-use project will span eight buildings on 21 acres. BOSTON-Law firm Goodwin Procter has signed a letter of intent to anchor a new 500,000-square-foot build-to-suit tower at the Fallon Co.’s Fan Pier mixed-use development on the Boston waterfront. The move to approximately 360,000 square feet of office space will bring more than 860 attorneys and staff to Fan Pier. The announcement of the BTS for Goodwin Procter, which was founded in Boston a century ago, brings the number of Fan Pier high-rises either built or under development to five. Along with the Goodwin Procter building, one office … [Read more...]

Eleven Fan Pier Boulevard Framework Completed

Vertex Corporate Headquarters - Fan Pier Boston Massachusetts

The Fallon Company, Vertex Pharmaceuticals Celebrate "Topping Off" of Fan Pier's Second Commercial Tower Boston Mayor Thomas M. Menino, local dignitaries and business leaders commemorate milestone with Boston iron workers at 21-acre waterfront development site, the country's largest privately-funded project BOSTON - (BUSINESS WIRE) The Fallon Company today celebrated an important milestone, as Boston iron workers raised the final beam to top the second commercial tower on its 21-acre, LEED-certified mixed-use development site, Fan Pier. The "topping off" ceremony officially completed the structural framework for Eleven Fan Pier Boulevard - one of two 18-story towers on Fan Pier that will serve as Vertex … [Read more...]

Joe Fallon Building Boston Harbor Condominiums Construction Slated for Spring 2013

Article Courtesy of: Boston Business Journal

A conversation with Joe Fallon Article Courtesy of:  Boston Business Journal by Thomas Grillo, Real Estate Editor Joe Fallon, president and CEO of the Fallon Co. Joseph Fallon, the pioneering Hub developer who is turning waterfront parking lots into gleaming glass office towers, is getting closer to putting another shovel in the ground at Fan Pier with construction of a 12-story condominium building on Boston Harbor. Fallon talked with Boston Business Journal real estate editor Thomas Grillo following the launch of MassChallenge 2012 at his building, One Marina Park Drive. TG: Give us an update on Fan Pier, the $3 billion district neighborhood spanning nine city blocks. Construction began last summer on two … [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 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...]

NECN Fan Pier Video

NECN Video - Fan Pier Boston (NECN: This Week In Business) - Peter Meade, Director of the Boston Redevelopment Authority, talks about why this week's groundbreaking for Vertex Pharmaceuticals is truly groundbreaking, record breaking and historic for the city and the waterfront. (TV Diner) - If it's new, TV Diner knows all about it! From Fan Pier, to the former Icarus space in Boston's South End, we found new chefs, and met up with old friends - on this week's incredibly delicious destination! Strega Waterfront & Nick Varano. (NECN) - The largest private sector construction project in the country is underway on Boston's Fan Pier. Paul Guzzi, President of the Greater Boston Chamber of Commerce joins NECN Business with more on … [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...]

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 History

Fan Pier Maritime History - Boston's Historic Waterfront

History of Fan Pier in the 1800s, 1900s and 21st century. Fan Pier History Courtesy of:  Boston Harborwalk All of the land between the downtown waterfront and the residential neighborhood of South Boston was once under water. Today's South Boston Waterfront district, therefore, is entirely man-made, and this stretch of Boston boasts the largest acreage of filled-in land in the entire city (with the exception of Logan Airport). Fan Pier, the section closest to the downtown waterfront, serves today as the entry point for this fast-growing area. Over the course of the nineteenth century, South Boston gradually grew northward over the mud flats separating it from downtown, even as the downtown area spread into what was once the South … [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...]

Fallon stays the course on Fan Pier apartment plan

Joseph "Joe" Fallon Fan Pier Boston

Joseph Fallon Residential Development Boston Business Journal - by Craig M. Douglas Developer Joseph Fallon used Wednesday’s groundbreaking ceremony for Vertex Pharmaceuticals new campus in South Boston to publicly reaffirm his plans to select an architect by the end of the year for a planned residential complex on Fan Pier — right behind the site where Vertex will set up shop. Speaking at the lavish ground-breaking ceremony for Vertex, Fallon said his company would be selecting an architect at the end of the year to begin work on a 200-condominium, 225,000-square-foot residential development. The comments came roughly six weeks after Fallon finalized his plan to bring Vertex to the South Boston waterfront. At the time he said … [Read more...]

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