$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 News – Vertex Pharmaceuticals

Vertex Corporate Headquarters - Fan Pier Boston Massachusetts

HFF arranges $355m in financing for Fan Pier By Chris Reidy, Globe Staff HFF, a provider of commercial real estate services, said it has arranged a $355 million construction loan for the development of a new headquarters campus for Vertex Pharmaceuticals Inc. at Boston’s Fan Pier. HFF said it worked on behalf of the Boston-based development company that is overseeing the Fan Pier project, the Fallon Company LLC, and its investors to secure the construction loan. The Fan Pier development is a 21-acre site spanning nine city blocks along the downtown Boston waterfront. The Vertex headquarters facility will feature two 16-story office towers incorporating 1.1 million square feet of office and biomedical research space and … [Read more...]

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