Latest news with #JonChesto
Boston Globe
24-05-2025
- Business
- Boston Globe
Final piece of Fan Pier put in place with luxury condo tower topping-off
Advertisement On Friday, Fallon and colleagues joined the Iron Workers Local 7 and general contractor Turner Construction to help put the final piece of Fan Pier into place in a topping-off ceremony. They raised a steel girder to the top of the 14-story frame of what will be a 122-unit luxury condo project, dubbed 'One Harbor Shore.' It's one of the few active construction sites with crane activity in Boston right now, amid the construction sector's doldrums. (Bank OZK provided financing last year, and MassMutual is Fallon's equity partner.) The Fallon Co. celebrated a topping-off ceremony of its 122-condo project at Fan Pier on May 23. The Fallon Co When it opens in mid-2026, the building, designed by CBT Architects, will be notable for another reason: It will be among the first major privately developed structures in the city to rely almost entirely on electric heat. (Gas-fired boilers will kick in for heat only when the temps get close to or below zero degrees Fahrenheit.) The developer says the building will easily exceed the city's new stringent energy codes. Advertisement For Fallon and his firm, the building also represents the final chapter in the Fan Pier development saga. The Fallon Company is now putting most of its attention outside of its home city for growth, such as with a sprawling After a few starts and stops, Fallon says it's satisfying to see the end in sight. Fan Pier now includes the two Vertex towers, the One Marina Park Drive tower where his company is located, as well as office buildings for MassMutual and Goodwin. Plus: more than 200 luxury waterfront condos at 22 and 50 Liberty — and now The Collaborative Companies will start marketing the units at One Harbor Shore in the coming weeks. People who haven't been to this part of Boston recently tell Fallon they can't believe the amount of change that's taken place. And it all began with that fortuitous balloon ride. 'We're proud of what we have, and we're proud of what it did for the city,' Fallon said. 'This site really became the catalyst for the whole Seaport.' Jon Chesto can be reached at
Boston Globe
24-03-2025
- Business
- Boston Globe
Charles River Regional Chamber gives free memberships to retail shops
Advertisement 'There is, maybe for us, $10,000 in revenue at risk, assuming those members don't all renew or some of them convert to the free membership,' Reibman said. 'We think a lot of them will take this at least on a temporary basis because this is really a tough time for them.' That's the main motivation: helping local merchants get more exposure, and helping local consumers find them. Many have struggled in the era of online shopping and big-box competition. Now they face new uncertainties including tariffs and a crackdown on immigrants. Some bigger businesses, led by Comcast's NBC10 Boston and Wellesley consultancy Insource Services, have agreed to help cover the costs of the free memberships (which don't include a few services available to full-paying members, such as promotions through social media and ribbon-cuttings). The Greater Boston Chamber of Commerce and Associated Industries of Massachusetts recently did something similar in Boston, offering free memberships for one year to dozens of small businesses participating in the city's SPACE program, which offered financial assistance to entrepreneurs opening in vacant storefronts. Reibman estimates hundreds of shops could be eligible in his chamber's coverage area. Sure, he hopes some might pay to upgrade to full membership. But he says that's not why he's launching this program. 'The goal for this year, and the next three years, is really to help businesses get through this challenging, uncertain time,' Reibman said. 'These folks need our collective support.' Advertisement This is an installment of our weekly Bold Types column about the movers and shakers on Boston's business scene. Jon Chesto can be reached at
Boston Globe
17-03-2025
- Business
- Boston Globe
NY private equity firm bets big on the future of Legacy Place in Dedham
Advertisement Despite the rise of Amazon and other online shopping sites, Dickerman is still a big believer in bricks-and-mortar. He notes that Legacy draws regular customers from as far away as 30 miles, because of the tenant mix — it's essentially full — and the experience. He said the COVID-19 pandemic disrupted the office and retail real estate markets, but the retail sector appears to be stabilizing now, particularly because so few new shopping centers were built across the country in recent years. 'There's been so much dislocation with Amazon and home delivery,' Dickerman said. 'In our view, retail is finally starting to catch an equilibrium.' This is an installment of our weekly Bold Types column about the movers and shakers on Boston's business scene. Jon Chesto can be reached at
Boston Globe
10-03-2025
- Business
- Boston Globe
SBA's Mass. director Bob Nelson to retire, after Boston office gets targeted for closure
Advertisement Her announcement came one day after In his post, Nelson chose to focus on the many positive highlights throughout his time at the SBA, and on how this 'poor kid from Providence' was able to dedicate his career to making a difference in the lives of small-business owners. A former banker, Nelson got his start in government 35 years ago, at the Federal Deposit Insurance Corp., at a time when it seemed like banks were failing on a weekly basis in New England. He moved over to the SBA in 1998, and recently has led a team of around 10 people out of an office in the Tip O'Neill Building on Causeway Street. His LinkedIn post drew comments from more than 250 bankers, entrepreneurs, retirees and others, praising his impact and wishing him well on his next adventure. 'Oh how I have loved working for SBA and helping the little guy, lifting up those that needed help navigating government bureaucracy, helping so many small business owners trying to realize the American Dream through entrepreneurship,' Nelson wrote. 'Thank you all for your support over this incredible career and journey. I have no wish me luck with a smooth transition into retirement life.......I hear it is kind of nice.' Advertisement Jon Chesto can be reached at
Boston Globe
04-03-2025
- Business
- Boston Globe
State offers up Woburn regional transportation hub as new development option
Other development activities nearby include the rezoning of 53 acres east of the rail line, to allow for multifamily construction in compliance with the MBTA Communities Act, the start of construction of a 425-unit multifamily project northwest of the transit hub, and permits issued for a 250-unit multifamily project north of the hub and a mixed-use project just to the west of it. Advertisement One of the biggest challenges, though, will be dealing with the property's contamination and its legacy as a Superfund site (a federal designation that identifies highly polluted properties). Industrial operations at the property, part of what was once known as the Industri-plex site, contaminated the nearby Aberjona River as well as adjacent wetlands and the Mystic Lakes over the course of more than a century, through the 1960s. The transit agencies, in developing the Anderson center more than 20 years ago, built 25 acres of parking and a subsurface 'geotextile' barrier to help contain the underground pollution. For a developer to proceed with residential construction, the transit agencies said, it would need to work with federal and state environmental regulators to reevaluate the residential restriction. The transit hub is named after Jimmy Anderson, a child who died at the age of 12 from leukemia and whose case was made famous in the book and the movie, 'A Civil Action,' about groundwater pollution in Woburn. Advertisement Jon Chesto can be reached at
