Fan Pier Residential Development “It’s all about the View”

John Joseph Moakley Courthouse on Fan Pier Boston

By Paul McMorrow Article Courtesy:  The Boston Globe Joe Fallon is one of Mayor Tom Menino’s favorite developers. He’s also a heretic. Fallon, the Fan Pier developer, is supposed to be the face of Menino’s relentless efforts to rebrand the South Boston waterfront as the city’s Innovation District. So when one of the builders with a stake in the waterfront’s transformation doubts the reach of Boston’s innovation push, it’s worth paying attention. Fallon has built a string of projects that work together to push the South Boston waterfront past its recent pedigree as an urban backwater awash in commuter parking. The only reason the mayor can boast that Boston is home to the nation’s largest private construction project, … [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...]

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...]

Vertex Builds Fan Pier Learning Laboratory and Collaborates with the Boston Public Schools to Enhance Science Education

Vertex Corporate Headquarters - Fan Pier Boston Massachusetts

Vertex commits more than $1 million to support education for BPS students and to prepare teachers for new science education standards -Company dedicates 3,000 square foot learning laboratory at new Fan Pier headquarters to local community- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) and Boston Mayor Thomas M. Menino today announced a three-year, approximately $1.5 million collaboration with the Boston Public Schools (BPS) to support a range of activities aimed at enhancing science, technology, engineering and math (STEM) education. As part of the collaboration, Vertex will focus on two BPS high schools in South Boston – Boston Green Academy and Excel High School – where programs will aim to increase student participation … [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...]

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...]

$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...]

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...]

Fan Pier Boston – Waterfront hits its stride

Fan Pier Boston - Legal Seafood Harborside Boston MA - Liberty Wharf

Mayor Menino on Fan Pier:  "It's Really Something" Article Courtesy of:  The Boston Globe It was strictly out of pity that I pointed my car toward the South Boston Waterfront Sunday night to trade a few coins for clams at the massive new Legal Sea Foods complex. Poor Roger Berkowitz, I figured, had eaten so much mercury-tainted swordfish that he had completely lost his mind. I mean, who builds three restaurants with 700 seats under one roof hard by an industrial park in a corner of Boston where precious few people actually live? As I pulled up, something unusual caught my eye — people. Everywhere, people, people walking, people sitting at outdoor cafes, smiling, happy people. Then the nice hostess at Legal glanced at a … [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...]

Fan Pier Boston “What’s Going On?”

Fan Pier Boston Massachusetts - Seaport District Boston

What’s Happening There? – Fan Pier Courtesy of:  One In 3 Boston - by Michael Nichol When you work in government and live in Boston, one of the most popular questions you get asked is, “What is going on with such-and-such project?” Usually it’s about the old Filene’s space in Downtown Crossing or a new high-rise going up somewhere in town and sometimes it’s even about the renovations at Fenway Park. Well, since construction is building towards the ‘better Boston’ that will be lived in, worked in and run by the OneIn3 readers of the present, a recurring column providing updates on these projects would be helpful. So read along and pass on to your friends so we all have a better understanding of exactly what the Boston of tomorrow will … [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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