The Fallon Company Breaks Ground on Build-to-Suit Office Tower for Law Firm Goodwin Procter, Fourth Commercial Tower at Fan

  The Fallon Company Breaks Ground on Build-to-Suit Office Tower for Law Firm
  Goodwin Procter, Fourth Commercial Tower at Fan Pier

     Boston Mayor Martin J. Walsh, Goodwin Procter and The Fallon Company
executives on hand to commemorate major milestone at one of country’s largest
                         mixed use development sites

Business Wire

BOSTON -- March 19, 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)

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.

About The Fallon Company

The Fallon Company has an unmatched reputation in Boston for undertaking and
executing the most challenging and complex real estate development projects,
and perfectly positioning them for optimal current and future use. Founded by
Joe Fallon in 1993, the firm has consistently achieved success through the
exceptional experience and dedication of its team and its visionary
leadership. The company has developed billions of dollars in commercial real
estate, and is currently developing Fan Pier Boston, a 21-acre property
spanning nine city blocks and permitted for three million square feet of
mixed-use office, residential and retail space. Fallon Company projects
include The Westin Boston Waterfront Hotel, Park Lane Seaport, ONE Marina Park
Drive, Fifty Northern Avenue and Eleven Fan Pier Boulevard. For more
information, visit: www.falloncompany.com or www.fanpierboston.com.

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or
Casey Ford, 617-513-7498
cford@elevatecom.com
 
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