When Joe Fallon plunked down $115 million in September 2005 for Fan Pier, the 21-acre site that sits next to Boston’s Financial District and overlooks Boston Harbor, it was only the beginning of his quest to do what many before him had attempted — and failed — to do during the past 25 years: convert the space in to a vibrant area. The Fallon Company recently started its conversion of the giant row of parking lots along South Boston’s waterfront into a $2 billion mixed-use community. At full buildout, Fan Pier will deliver 3 million square feet of space, including residential condominiums, office space, retail space, public parks and a marina.

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