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Great news out today about possible development of Fan Pier.  Apparently, developer Joe Fallon and a subsidiary of Mass Mutual Life Insurance have joined forces to purchase the land, presumably to build housing, and maybe commercial and/or office space.

Fallon is already heavily involved in the area and this looks like a good strategic fit.

I’m hopeful that this will lead to redevelopment of the area, in the near future.  We’ll see.  The Mayor might be in fantasy-land when he says, “Today’s announcement ensures that Fan Pier will finally become a reality.”

Globe article: Partnership to purchase Fan Pier

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Updated: January 2018

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1st Quarter 2018 Updated

 

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