Mar 20 2014
The Fallon Company today celebrated another major milestone at Fan Pier with a groundbreaking ceremony for 100 Northern Avenue, the fourth commercial tower on Fan Pier – one of the country’s largest privately funded development sites. The 17-story, 515,000 square foot, build-to-suit tower will house the Boston office of global law firm Goodwin Procter LLP.
HOK Rendering (Photo Credit: The Fallon Company)
Fan Pier is one of the country’s largest privately-funded development sites, featuring three million square feet of mixed-use office, residential and retail space spanning 21 acres and nine city blocks, overlooking the revitalized Boston Harbor. Founded in 1912 in Boston, Goodwin is one of the world’s largest law firms, with offices in Boston, Hong Kong, London, Los Angeles, New York, San Francisco, Silicon Valley and Washington, D.C. Goodwin’s Boston office serves as home to more than 850 attorneys and professional staff.
"New commercial development is driving job growth in our city – by creating jobs on the waterfront, we can help spread economic opportunity to all of Boston's neighborhoods," said Mayor Martin J. Walsh.
Mayor Walsh joined Goodwin Procter Chairman Regina Pisa, Massachusetts State Representative Nick Collins, The Fallon Company President and CEO Joe Fallon, and a host of local dignitaries to celebrate the occasion.
Designed by global architectural firm HOK, 100 Northern Avenue will feature 500,000 square feet of commercial space, 380,000 of which will be occupied by Goodwin Procter, which currently plans to relocate to the new building by Spring 2016. The building also features more than 15,000 square feet of premium ground floor retail space.
“We’re delighted to partner with The Fallon Company on the creation of our new home at Fan Pier and the further development of this vibrant and exciting neighborhood,” said Regina M. Pisa, Chairman of Goodwin Procter. “Our move to the waterfront will represent the latest chapter in Goodwin’s more than 100-year relationship with Boston and reaffirms our deep commitment to contributing to the growth of this world class city.”
Located adjacent to Boston’s prestigious Institute of Contemporary Art on Fan Pier and overlooking the site’s Public Green and six-acre marina, 100 Northern Avenue will offer many compelling amenities: convenient access to public transportation including South Station, a water taxi to Boston’s Logan Airport and the Financial District, Hubway bikes and easy access to several highway exchanges, as well as a myriad of dining and shopping options.
The groundbreaking of 100 Northern Avenue is part of The Fallon Company’s next wave of development on Fan Pier. Most recently, it started construction on the site’s first residential project, Twenty Two Liberty, a 14-story, 118-residence condominium building currently under construction that will offer sweeping views of Boston Harbor and the Boston skyline once completed in 2015.
“Today’s groundbreaking is another indication of the progress and momentum taking place at Fan Pier, and is a testament to the dynamic neighborhood being established on Boston’s waterfront,” said Fallon. “Its location, amenities and opportunities are a huge draw for some of the world’s leading companies, like Goodwin Procter, which is looking to provide the best environment for its most important asset: its employees.”
With the 100 Northern Avenue groundbreaking, Fan Pier, a joint venture of The Fallon Company and Mass Mutual as advised by Cornerstone Real Estate Advisers, features five high rise structures The Fallon Company has under development or completed, including: One Marina Park Drive, the first commercial building on the site; Fifty Northern Avenue and Eleven Fan Pier Boulevard, two towers designed for the global headquarters of Vertex Pharmaceuticals –which The Fallon Company sold to Senior Housing Properties Trust (SNH) for $1.1 billion in February 2014; and Twenty Two Liberty, which broke ground in October 2013. When complete, the Fan Pier neighborhood will feature a total of eight contemporary commercial and residential luxury high rises, offering sweeping views and the best in dining, shopping and recreation on Boston’s historic harbor.
Artistic renderings of 100 Northern Avenue are available for download and use at: http://bit.ly/1lLqe2T (Photo Credit: The Fallon Company)
For more information on Fan Pier, visit www.fanpierboston.com.
Source: http://www.falloncompany.com/