Apr 12, 2018
Construction Complete at 50 Liberty
Construction of the luxury condo building on Fan Pier is now complete. 50 Liberty features breathtaking views of Boston Harbor and the Downtown Boston skyline. Residents are situated at the heart of Boston's most innovative neighborhood, the Seaport District, steps to multiple dining and entertainment options. Residential amenities include top luxury finishes, floor-to-ceiling glass window walls, warm wood floors and high ceilings throughout. Building amenities will include a private waterfront club room, a boardroom for meetings, a private gym, 24-hour concierge service and underground garage parking. Luxury condominiums at 50 Liberty are now on sale.
Visit 50Liberty.com for more information.
Feb 12, 2018
Aptiv leases 62,000 square feet at 100 Northern Avenue in Seaport District
British autonomous car and vehicle safety company Aptiv has leased 62,000 square feet across several floors at 100 Northern Avenue, a recently constructed 17-story, 534,000-square-foot office building located in Boston’s Seaport District. Aptiv’s space will house about 300 employees and open in mid-2018, joining anchor tenant law firm Goodwin, who leases 375,000 square feet across the seventh through 17 floors and a portion of the sixth floor.
Aptiv’s space will include the headquarters of nuTonomy, the autonomous car startup that has partnered with rideshare provider Lyft to test autonomous cars throughout the Seaport District. Aptiv, formerly known as Delphi, acquired nuTonomy for $450 million in October 2017. nuTonomy will relocate from its’ current office at the Seaport District’s Innovation and Design Building.
With Aptiv’s lease, about 79,000 square feet of office space remain for lease at 100 Northern Avenue. The building’s ground floor contains 18,000 square feet of retail home to a Sorelle cafe and a Wagamama restaurant. 100 Northern Avenue is located on the edge of Boston Harbor, with sweeping views of the water and the Boston skyline. The building was completed in Summer 2016 by The Fallon Company, and sold to Deutsche Bank of Germany for $447 million in March 2017.
Dec 20, 2017
The Fallon Company, developer of the nine-building Fan Pier in the Seaport District, proposes to eliminate a previously approved waterfront hotel next to the 100 Northern Avenue office building from the project, replacing the hotel with housing, and construct an office building next to the nearly-complete 50 Liberty condominium building. Citing the economic infeasibility of building a hotel on the site, known as Fan Pier Parcel H, Fallon proposes to instead construct either 155 to 170 condominiums or 225 to 245 apartments. The previously approved hotel would have included 150 hotel rooms with condominiums above. As required by law, the Parcel H building will include over 23,500 square feet of civic and cultural space and a new water transportation terminal. The office building, which would be built on Fan Pier Parcel E, would contain 300,000 square feet of office space, instead of 150,000 square feet of office space and 150,000 square feet of lab space as previously approved, and would also include ground-floor retail. Fallon has filed plans for its’ proposed changes to Fan Pier with the Boston Planning & Development Agency (BPDA), who is now reviewing the plans.
Jun 19, 2017
Facade complete at 50 Liberty waterfront luxury condos in Seaport District, interior fit out underway
The 14-story glass-and-marble facade of the 50 Liberty luxury waterfront condominium residences in the Seaport District is complete, with all floor-to-ceiling glass curtain wall panels, marble exterior finish panels and private balconies installed. Interior fit out of 50 Liberty’s 120 luxury residences is now underway in anticipation of the building’s opening in Early 2018; luxury residences at 50 Liberty are now on sale. Finishing of 50 Liberty’s interior common spaces, which include desirable amenities such as a private waterfront club room, a board room for meetings and a private gym, is also underway. On 50 Liberty’s ground floor will be 30,000 square feet of civic, cultural and retail space along a new waterfront boardwalk. The following are photographs of 50 Liberty:
Apr 04, 2017
Anonymous investor acquires 45% stake in Vertex Pharmaceuticals’ Seaport District campus for $261 million
An anonymous financial investor has paid $261 million to acquire a 45% equity stake in Vertex Pharmaceuticals’ 1.1 million square foot, two-building Seaport District global headquarters campus. Senior Housing Properties Trust (SNH), who acquired the campus for $1.1 billion in May 2014, retains a 55% majority stake in the campus and will continue to manage the property. The anonymous investor’s $261 million investment is based on the campus’ present valuation of $1.2 billion, with under $620 million of existing secured debt on the property.
SNH closed last July on a new 10-year, $620 million mortgage on the campus provided by Morgan Stanley and Citi Bank with a fixed interest rate of 3.53%; the loan will mature in August 2026. “This transaction highlights the increased value of these two well-located, well-leased buildings since we acquired them less than three years ago,” said SNH President & COO David Hegarty in a statement. “This transaction also reduces our investment portfolio’s concentration in this property and reduces our overall leverage.”
Mar 21, 2017
100 Northern Avenue Class A office building in Seaport District trades for $447 million
RREEF Property Trust, a division of Deutsche Bank of Germany, has acquired the recently opened, 515,000 square foot 100 Northern Avenue Class A office building in the Seaport District from developer The Fallon Company for $447 million. The sale amounts to about $868 per square foot. 100 Northern Avenue was developed for $300 million and opened in July 2016. The building is 75% occupied by lead tenant Goodwin LLP, with Sorelle Bakery & Cafe now open on 100 Northern Avenue's ground floor.
Mar 08, 2017
Facade nearing completion at 50 Liberty luxury condominiums in Seaport District
Marble exterior finish panels and floor-to-ceiling windows have been installed along a large section of 50 Liberty's 14-story facade, ranging from 6 stories high facing Boston Harbor to 8 stories high along Liberty Drive. Opening in Fall 2017, 50 Liberty will feature 120 luxurious waterfront condominium residences with 30,000 square feet of civic, cultural and retail space. The following are photographs of 50 Liberty:
Jan 30, 2017
50 Liberty waterfront condominium exterior finish installation underway
Marble exterior finish panels and floor-to-ceiling windows are now being installed along the first floors of the Seaport District's new 14-story 50 Liberty waterfront luxury condominium and retail building. The building's mechanical penthouse has been constructed and now houses HVAC units. Concrete has been poured to construct 50 Liberty's interior floors. Opening in Fall 2017, 50 Liberty will feature 120 luxurious waterfront condominium residences with 30,000 square feet of civic, cultural and retail space. The following are photographs of 50 Liberty:
Jan 17, 2017
Mixed-use development proposed at Brookline Holiday Inn site
A development team including Seaport District pioneer Joe Fallon and private equity firm Westbrook Partners is proposing to redevelop the Brookline Holiday Inn, located at 1200 Beacon Street in Coolidge Corner, into a new mixed-use development. The proposal, in its’ early stages, is now under review by the Town of Brookline. The development team purchased the Holiday Inn site in August 2016 for $74 million.
Dec 14, 2016
50 Liberty condos hit market, new details and renderings revealed
The Fallon Company has listed several waterfront luxury condominiums at 50 Liberty in the Seaport District for sale. Condominiums listed range from a 1,297 square foot one-bedroom/two-bathroom unit with one garage parking space offered for $1,848,995 to a 3,573 square foot three-bedroom/three-bathroom penthouse unit with two garage parking spaces offered for $9,100,225. The latest details and renderings of 50 Liberty can be found above.
Dec 01, 2016
50 Liberty tops off
A topping-off ceremony was held Tuesday (November 29th, 2016) afternoon for 50 Liberty, a new 14-story mixed-use building opening Fall 2017 on the Seaport District waterfront. During the ceremony, the final steel beam of 50 Liberty’s structural frame was lifted to the frame’s top and installed in place. Work is now underway on exterior and interior finishing of 50 Liberty. Concrete floor slabs have been poured on over half of 50 Liberty’s floors. The following are photographs from 50 Liberty's topping-off:
Nov 27, 2016
Goodwin installs sign at new Seaport headquarters
Law firm Goodwin has installed a new sign at the summit of its’ newly opened headquarters at 100 Northern Avenue in the Seaport District. The sign is a fixture of the Boston skyline prominently visible from Boston Harbor. The newly built 17-story 100 Northern Avenue opened this past summer and features Class A office space with sweeping views of Boston Harbor and the Boston skyline. Goodwin Procter occupies 75% of the building. A Sorelle cafe will soon open on 100 Northern Avenue’s ground floor. The following is a photograph of the new Goodwin sign at 100 Northern Avenue:
Nov 23, 2016
50 Liberty about to top off
50 Liberty, a 120-unit luxury condominium building located in the Seaport District overlooking Boston Harbor, is about to top off at 14 stories tall. Concrete has been poured on about half of of the building’s floors. At 50 Liberty’s base, finish installation systems are being installed in order to commence installation of exterior finish panels and windows. Pre-sales of 50 Liberty luxury condominiums will commence shortly. The following are photographs of 50 Liberty:
Oct 14, 2016
50 Liberty nears topping off
50 Liberty’s 14-story steel structural frame has reached nine stories in height. Balconies for future condominiums have been installed along 50 Liberty’s facade. Concrete pouring is underway on 50 Liberty’s first and second stories. A construction elevator is being assembled along 50 Liberty’s frame; the elevator will be used to transport materials and finishes throughout construction. 50 Liberty will feature 120 luxurious waterfront residential condominiums with sweeping views of Boston Harbor and the Boston skyline. The following are photographs of 50 Liberty:
Sep 28, 2016
100 Northern Avenue listed for sale, could fetch $515 million
100 Northern Avenue, a 17-story, 515,000 square foot Seaport District office building open since last summer, has been listed for sale through HFF. 100 Northern Avenue is expected to draw bids of about $515 million, or $1,000 per square foot, according to a Real Estate Alert report. 100 Northern Avenue cost $300 million to develop and is 75% occupied by law firm Goodwin Procter.
Mar 04, 2016
Construction of 50 Liberty's slurry wall foundation is nearly complete. Final excavations are taking place, and concrete for the mat foundation is beginning to be poured. We are excited to watch 50 Liberty's frame begin to rise! New photographs of 50 Liberty are posted above.
Feb 04, 2016
Twenty-Two Liberty is complete and occupied. The result is a striking, beautiful waterfront building situated at the gateway to Boston. Take a look at our new photographs of Twenty-Two Liberty, posted above. Also check out 50 Liberty, The Fallon Company's next waterfront condominium tower. 50 Liberty is currently under construction and is located next door to Twenty-Two Liberty.
Feb 03, 2016
With pile driving completed, foundation work is moving forward at 50 Liberty in Boston's Seaport District! A. A. Will Corporation is hard at work digging 50 Liberty's future foundation and underground parking structure. We can't wait to watch the impending concrete pour!
January 15, 2016
Pile driving is complete at 50 Liberty, and excavation of the building's slurry wall foundation is beginning.
Dec 16, 2015
Pile driving progressing in earnest at 50 Liberty!
May 27, 2015
Construction continues to progress on Twenty-Two Liberty. Take a look at our recently captured construction photographs.