Fallon Co. Expands Seaport District Real Estate Rights on Northern Avenue

Article Courtesy of: Boston Herald Business Today

Fallon snags rights to big Seaport lot By Greg Turner |  http://www.bostonherald.com Article Courtesy of:  Boston Herald Fan Pier’s Joe Fallon has landed development rights to an under-used South Boston waterfront site owned by the city between the Bank of America Pavilion and Harpoon Brewery. View Larger Map The Boston Redevelopment Authority approved the one-year designation for the Fallon Co. at Thursday’s meeting, after the firm approached the city agency with a potential project in the works. Fallon wants to “pursue some of the existing demands that are out there in the commercial real estate community for new build-to-suit opportunities,” said Dennis Davis, the BRA’s deputy director for commercial leasing. The … [Read more...]

Fan Pier Boston News: Vertex Leases Additional Space at One Marina Park Drive

One Marina Park Drive - Seaport District - Fan Pier

Vertex adds 56K sq ft in Fallon's Fan Pier building Article Courtesy of:  Boston Business Journal by Thomas Grillo, Real Estate Editor Vertex is leasing space at One Marina Park Drive in advance of moving its headquarters to Fan Pier in 2013. Vertex Pharmaceuticals is wasting no time moving to Boston’s Seaport District. The Cambridge. Mass., firm that has a pair of buildings under construction at Fan Pier is leasing two floors at One Marina Park Drive, Joseph Fallon’s first waterfront building on what is expected to be a $3 billion neighborhood spanning nine city blocks. Vertex is temporarily leasing 56,000 square feet on the 12th and 13th floors as it builds new headquarters nearby. “We moved a couple of … [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...]

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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