Vertex Pharmaceuticals iron workers placed the final beam atop its second building in Fan Pier last Thursday, September 6th. This moves Vertex that much closer to their dream of moving to the Boston Harbor Waterfront. Joe Fallon, President and CEO of the Fallon Co. says, “This Vertex project is significant, not just for Fan Pier, but for this part of the city…Lots of other development will occur now as a result and that’s really what we’ve been seeking”.
Once complete, the Fan Pier waterfront real estate development will include eight buildings comprised of offices, residences, retail shops, restaurants, and hotel rooms, as well as a park and a marina. 50 Northern Avenue will serves as Vertex’s global headquarters, according to the Boston Business Journal. In July, Fallon topped off the first Vertex building. Now, Fallon plans to move his focus towards the construction of the residential portion of the mixed-use development. Fallon hopes to break ground next year on the 15 story luxury high rise building.
For more information on the Seaport development, or any other real estate news, contact CL Waterfront Properties, LLC today!