Thursday, July 16, 2015

Another 14-story Condo Tower to Rise at Fan Pier

Fallon Co., the developer of 22 Liberty Drive on Boston’s Fan Pier is planning to begin construction of another 14-story condominium tower nearby, starting this September. 50 Liberty Drive will be a stunning 250,000-square foot waterfront building with all-glass facade, housing 118 luxury units and a mix of retail and restaurants at street level along with space for public use. Parkland and access to the Boston Harbor are a part of the Fan Pier plan.

The building is the latest piece in a 21-acre mixed-use project, designed by acclaimed CBT Architects, underway between the federal courthouse and The Institute of Contemporary Art in Boston's Seaport District.

This is one of the few remaining parcels of land in the Fan Pier mega-development. Next door, 22 Liberty Drive, an ultra-luxury condominium building, is heading toward completion, as is an office tower at 100 Northern Avenue.

Vertex Pharmaceuticals has already occupied two of the three office towers on the 21-acre site. 

In fact, only two parcels will remain undeveloped once Fifty Liberty is completed. Plans call for one more mid-rise that may be offices, a hotel, or residential, and a second building on a sliver of land at One Harbor Shore Drive, to be housing, a hotel, or both.

Click to enlarge

Click to enlarge
Fan Pier is an extraordinary waterfront site situated in the elbow of Boston Harbor with breathtaking views of the Boston Harbor Islands and the beautiful city.

In an unusual move, Fallon Co. plans to market the luxury studios, 1-BR, 2-BR and 3-BR units at 50 Liberty directly to buyers, and not through brokers.

Prices will range from studios asking more than $900,000 to 3 bedroom units retailing for $4 million-plus. Ultra-luxury penthouses will boast 3 bedrooms and 3 1/2 baths.

Construction of 50 Liberty Drive is slated to break ground in September, and expected to be complete sometime in early 2017.