$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...]

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...]

Fan Pier Boston News – The Fallon Company

Waterfront Boston - Fan Pier Boston - Seaport District Boston

The Fallon Company breaks ground at Fan Pier for 1.1 million s/f Vertex Pharmaceuticals global headquarters Article Courtesy of:  New England Real Estate Journal Boston, MA The Fallon Company, headed by president and CEO Joseph Fallon, broke ground on Fan Pier's second and third office buildings and the future home to the 1.1 million s/f global headquarters for Vertex Pharmaceuticals. This lease is one of the largest commercial lease in the history of the city and with construction underway, it's also one of the largest private sector construction projects in the country. More than 1,000 construction jobs will be created as a result of this new project. Vertex currently has approximately 1,300 employees in Massachusetts and expects to add … [Read more...]

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