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On an empty stretch along the South Boston waterfront, hundreds of guests and dignitaries gathered in late September to celebrate the groundbreaking for Fan Pier, a 21-acre, $3 billion mixed-use development.

Costs to build out Boston’s Fan Pier are now expected to hit $3 billion, which could make the major harborside development project the most expensive ever built in Boston. 

Glitzy office buildings. High-end condos. A five-star hotel. Mega yachts roaming Boston Harbor. They’re all part of the South Boston waterfront’s long-awaited, $3 billion Fan Pier project, which officially broke ground yesterday on its first office building. The project, being developed by The Fallon Co., will include 3 million combined square feet of residential, commercial, […]

Despite its dazzling location on the South Boston waterfront, the Fan Pier was starting to feel like a bedeviled backwater after Nicholas Pritzker, chairman of the Hyatt Development Corp., abandoned his plan for a hotel, office, and luxury housing complex there a few years ago. A bad turn in the real estate market that coincided […]

Despite its dazzling location on the South Boston waterfront, the Fan Pier was starting to feel like a bedeviled backwater after Nicholas Pritzker, chairman of the Hyatt Development Corp., abandoned his plan for a hotel, office, and luxury housing complex there a few years ago. A bad turn in the real estate market that coincided […]

The highly anticipated Fan Pier project, which broke ground on its first office building yesterday in South Boston, will include more than 1 million square feet of luxurious residences, most with harbor views.

The Fallon Co. broke ground today on the 500,000-square-foot One Fan Pier Boulevard, which will be the first office structure to grace the high-end 3 million-square-foot fan Pier mixed-use development in Boston. Spanning 21 acres along the harbor, the entire development – already home to the one-year-old Institute of Contemporary Art-will cost$3 billion to complete […]

Banners have been advertising that “Fan Pier is Here” for months. On Wednesday that statement finally came true when developer Joseph Fallon and local dignitaries held a groundbreaking ceremony for the first 500,000-square-foot office building on the south Boston waterfront site.

“Thanks to our many years of planning, this will be a place all Bostonians can enjoy,” Mayor Thomas Menino proclaimed today at the ceremonial groundbreaking of Fan Pier, a 21-acre development on the South Boston waterfront.

Boston developer Joseph Fallon will break ground today on Fan Pier – a $1 billion-plus bet on Boston’s waterfront that comes even as the local real estate and financial landscape is shifting.