BOSTON--(BUSINESS WIRE)--The Fallon Company’s Fan Pier, one of the country’s largest mixed-use waterfront developments, took another significant step forward today with the announcement that leading national law firm Goodwin Procter has signed a letter of intent to move its Boston offices to a new high rise on the site.
The company will occupy all of the commercial space in the built-to-suit, half-million-square-foot tower, bringing more than 860 attorneys and professional staff to Fan Pier.
The building will also offer ground-floor retail and cultural space, as well as a 135-room boutique Fan Pier-branded hotel, managed by The Fallon Company. Located adjacent to Boston’s prestigious Institute of Contemporary Art and overlooking Fan Pier Park, the building will offer access to the neighborhood’s walking paths, marina, and myriad dining and shopping options.
Goodwin Procter LLP is a leading Global 100 law firm, with offices in Boston, Hong Kong, London, Los Angeles, New York, San Diego, San Francisco, Silicon Valley and Washington, D.C. The firm provides corporate law and litigation services, with a focus on matters involving real estate, REITs and real estate capital markets; private equity; technology and life sciences companies; financial services; intellectual property; products liability and mass torts; and securities litigation and white collar defense. The firm, which was founded in Boston, recently celebrated its 100th anniversary.
“With five of eight buildings in various stages of development, Fan Pier embodies the spirit of innovation and progress that is underway on the waterfront. This is another major step forward for a project that has celebrated significant progress all year long,” said Boston Mayor Thomas M. Menino. “The Fallon Company has done a tremendous job of attracting premier companies to this emerging neighborhood. Goodwin Procter, with its prestigious global reputation, forward-thinking business approach and expertise across all sectors of the law, including technology and intellectual property, is a welcome and fitting addition.”
“As Goodwin Procter’s 100th year draws to a close, it is only fitting that we begin our next century working in ‘a home to call our own’ in the firm’s founding city,” said firm Chairman Regina M. Pisa. ”Our talented and dedicated staff looks forward to joining current and prospective clients in the City’s premier waterfront location.”
“After closely examining a range of options, we believe that Goodwin’s move to the ‘Innovation District’ will bring significant benefits to our employees, the City of Boston and the firm,” added Alex Randall, head of Goodwin’s real estate leasing practice and lead partner on the project. “We look forward to working closely with The Fallon Company in the period ahead to bring this exciting project to fruition.”
Fan Pier is one of the country’s largest mixed-use development sites, spanning 21 acres and nine city blocks on the Boston waterfront. The announcement of this new customized structure brings the number of Fan Pier high rises either completed or currently under development to five. In addition to the Goodwin Procter building, one office tower is complete, two are under construction and ground breaking is planned for the site’s first residential structure in 2013.
When complete, the Fan Pier neighborhood will feature a total of eight contemporary commercial and residential luxury high rises, offering sweeping views of Boston Harbor and the best in dining, shopping and recreation on Boston’s historic harbor.
Joe Fallon, President and CEO of the Fallon Company, said the agreement with Goodwin Procter represents another major milestone for the development.
“Our vision for Fan Pier was to attract a broad mix of best-in-class businesses from recognized industry leaders to innovative start-ups,” said Fallon. “As an established, leading law firm with a rich history in Boston and forward-looking approach to business, Goodwin Procter is exactly the type of company we hoped to welcome to Fan Pier when we conceived this project and we look forward having them join us on Boston’s waterfront.”
In addition to waterfront offices, residences, retail space, the dynamic Fan Pier neighborhood will also feature hotel rooms with front-door access to a park, marina and the 38-mile Harborwalk Trail. Already home to some of the city’s best restaurants – including Empire, Sam’s and Strega Waterfront, as well as renowned clothier LouisBoston – The Fallon Company plans to add more prestigious dining and retail locations to the site.
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 Boston’s Fan Pier, a 21-acre property spanning nine city blocks and permitted for three million square feet of mixed-use office, residential and retail space. Additional Fallon Company projects include The Westin Boston Waterfront Hotel, Park Lane Seaport, ONE Marina Park Drive, Fifty Northern Avenue and Eleven Fan Pier Boulevard.