X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Between 30 and 40 architects are vying for the chance to put their signature design on the 21-acre Fan Pier site. Boston developer Joseph Fallon, who along with the Massachusetts Mutual Life Insurance Co., bought the waterfront parcel in September for $115 million, tells GlobeSt.com that his firm, the Fallon Co., received resumes and portfolios from 30 to 40 architects interested in designing the project.

“The interest has always been very strong in the project and we expected (the number of applicants) to be in that range,” Fallon says. He adds that they should be narrowing down the list of applicants to a handful by next week. A final decision should be made by the end of December with initial designs completed by early next year. The Fan Pier project, which has been stalled for years, is expected to break ground later in 2006.

The initial phase of construction will begin with office and residential units, which are expected to be completed within two to three years after building begins, he says. Under a plan already approved by the city, the site will contain a large park and a public marina along with offices, residential units and retail. The total project is estimated to cost approximately $1.2 billion. The land, which is permitted for about three-million-sf of mixed use development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.