News: Owners Developers & Managers

The Fallon Company breaks ground on 515,000 s/f office tower at Fan Pier

The Fallon Company celebrated another major milestone at Fan Pier with a groundbreaking ceremony for 100 Northern Ave., the fourth commercial tower on Fan Pier - one of the country's largest privately funded development sites. The 17-story, 515,000 s/f, build-to-suit tower will house the Boston office of global law firm Goodwin Procter LLP. Fan Pier is one of the country's largest privately-funded development sites, featuring three million s/f of mixed-use office, residential and retail space spanning 21 acres and nine city blocks, overlooking the revitalized Boston Harbor. Mayor Walsh joined Goodwin Procter chairman Regina Pisa, state representative Nick Collins, Fallon Co. president and CEO Joe Fallon, and a host of local dignitaries to celebrate the occasion. Designed by global architectural firm HOK, 100 Northern Ave. will feature 500,000 s/f of commercial space, 380,000 of which will be occupied by Goodwin Procter. The building also features more than 15,000 s/f of ground floor retail space. The groundbreaking of 100 Northern Ave. is part of Fallon Co.'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 views of Boston Harbor and the Boston skyline once completed in 2015. With the 100 Northern Ave. groundbreaking, Fan Pier, a joint venture of the Fallon Co. and Mass Mutual as advised by Cornerstone Real Estate Advisers, features five high rise structures under development or completed. When fully developed, 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.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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