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One Developer’s Strategies for Successful Placemaking

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In 2005, when Boston developer The Fallon Company bought the site that would, 15 years later, become Fan Pier, the $115 million waterfront property was nothing more than empty parking lots surrounded by run-down warehouses. Other developers had been drawing up plans for the site since the 1980s, though nothing had ever come to fruition. But The Fallon Company was optimistic.

Persevering through construction during the Great Recession, the company turned the 21 acres on the city’s waterfront into a 3 million-square-foot commercial, residential and public space development. The project helped catalyze the redevelopment of the larger Boston Seaport neighborhood.

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