Deal near Gillette HQ could trigger wave of construction in Fort Point
Prominent development firm Related Beal appears poised to buy 6.5 acres owned by Gillette along Fort Point Channel.
Prominent development firm Related Beal appears poised to buy 6.5 acres owned by Gillette along Fort Point Channel, potentially triggering a wave of construction in a key stretch of one of the city’s hottest neighborhoods, the Globe’s Tim Logan reports.
Three people familiar with the deal said that Related — the Boston arm of New York real estate giant Related Cos. — beat out several of the city’s other leading developers for the site, which today is home to parking lots alongside Gillette’s World Shaving Headquarters, near the site of General Electric’s headquarters.
The complex deal is not yet finalized, the people with knowledge of it said, and could still fall through, but several other finalists were informed last week that Gillette was in final talks with Related.
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