Boston’s Fan Pier Gets A Boost, At LastMay 28, 2011
After much delay, due to economic stagnation, it is now official… Vertex, one of the largest local biotech companies, is moving to Boston’s Fan Pier. Vertex recently received FDA approval for its hepatitis C treatment, which prompted expansion and relocation from Cambridge to Fan Pier.
In the past Cambridge has been the real estate hub of biotech/hi-tech companies, but metro Boston has been working aggressively to change that scenario. The Vertex move is a major breakthrough for the area and the coup will lure other biotech companies to the waterfront.
This transition of Boston’s Waterfront and Fan Pier, will not only generate new jobs, but will also create new luxury Boston residences and commercial real estate space. Construction is set to break ground this week and should take two to three years to complete. Will Fan Pier be the next Silicon Valley? An exciting question that has the locals buzzing.
The most wonderful advantage of the Fan Pier development is the close proximity to Boston’s unique and vibrant neighborhoods. The waterfront is within walking distance to bustling downtown, high fashion shops (including Diane Von Furstenberg who recently joined 33 new Back Bay businesses), one-of-a-kind restaurants, historic theatres and the luxury Boston residences of the Beacon Hill, Back Bay and South End.
For a description of each distinctive neighborhood, check out my recent blog post here and see which Boston condos are available in each area. There’s no shortage of rich, elegant residences within walking distance of the groundbreaking Waterfront development.