Starbucks Joins Surge of Waterfront Retail Additions at Boston’s Fan Pier

  Starbucks Joins Surge of Waterfront Retail Additions at Boston’s Fan Pier

    Committee Restaurant and Bright Horizons also highlight next phase of
expansion at Fan Pier, bringing 21,450 square feet of best-in-class amenities
                           to 24-hour neighborhood

Business Wire

BOSTON -- April 29, 2014

Global, national and local establishments Starbucks Coffee Company, Bright
Horizons Family Solutions® and a new restaurant, Committee, will soon bring
in-demand amenities and services to Fan Pier, one of the country’s largest
privately funded mixed-use development sites, developer The Fallon Company
announced today.

Lease agreements have been reached with each of the new tenants to occupy more
than 21,450 square feet of existing space on the lobby level of Fifty Northern
Avenue, one of two build-to-suit towers – along with Eleven Fan Pier Boulevard
– housing Vertex Pharmaceutical’s global headquarters.

  *Starbucks Coffee Company’s Fan Pier location will occupy 2,100 square feet
    of street floor space, which is expected to open in the summer of 2014
  *Bright Horizons®, a leading provider of employer-sponsored child care,
    early education, and work/life solutions, will bring 12,665 square feet of
    top-rated early education and preschool services to the waterfront for
    families living and working in the area beginning May 2014
  *George Aboujaoude of Boston’s Cafeteria and Bijou Nightclub will launch a
    new, original restaurant concept at Fan Pier. The eatery, Committee, will
    specialize in Mediterranean “meze” fare and hand-crafted cocktails, and is
    expected to open in fall of 2014.

Terms of the deals, which were brokered by CBRE New England on behalf of The
Fallon Company, were not disclosed.

Fan Pier’s growing retail community caters to the waterfront neighborhood at
large, including employees of the more than 20 commercial tenants onsite
occupying more than 1,700,000 square feet, as well as the future residents of
The Fallon Company’s Twenty Two Liberty – the 14-story luxury condominium
building that will offer sweeping views of Boston Harbor and the Boston
skyline from 111 residences, once completed in 2015.

“With over 2,000 employees onsite, and hundreds of residents on the way, this
latest phase of retail expansion strengthens a dynamic roster of best-in-class
offerings at Fan Pier,” said Joe Fallon, President and CEO of The Fallon
Company. “Starbucks, Bright Horizons and Committee all fill community needs
within the neighborhood, and we’re committed to offering a diverse and
exciting range of amenities for workers, residents and visitors at Fan Pier
and along the waterfront.”

The signings are part of a wave of retail expansion planned for 2014 at Fan
Pier, which already is home to high-end restaurants Empire Asian Restaurant &
Lounge, Sam’s, and Strega Waterfront, as well as luxury clothier Louis Boston
and hair stylist Salon Mario Russo.

“The retail additions to Fan Pier are yet another example of progress and
momentum on the waterfront, and a reaffirmation that leading businesses want
to be in Boston,” said Brian Golden, Acting Director of the Boston
Redevelopment Authority. “The Fallon Company’s new tenants bring exceptional
services to the neighborhood, providing convenient access to world-class
amenities and strengthening the overall mix of offerings in the area.”

The new tenants enhance Fan Pier’s already vibrant mixed-use neighborhood and
align with The Fallon Company’s plan to create a vibrant, 24-hour community
for Fan Pier, offering an unparalleled venue in which to experience all the
area has to offer – whether it be dining, working, living, or socializing.

When complete, Fan Pier – a joint venture of The Fallon Company, MassMutual
and Cornerstone Real Estate Advisers – will feature a total of eight
contemporary commercial and residential luxury high rises; the best in dining,
shopping and recreation; and access to Fan Pier’s world-class, six-acre marina
in one of Boston’s most thriving urban communities, offset by green space and
the waterfront. The location is also highlighted by convenient access to
public transportation, including South Station, a water taxi to Boston’s Logan
Airport and the Financial District, Hubway bikes onsite and easy access to
several interstate highways.

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.

Contact:

elevate Communications
Erin Evanoka, 646-456-9649
eevanoka@elevatecom.com
or
Casey Ford, 617-513-7498
cford@elevatecom.com
 
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