Vertex Pharmaceuticals has confirmed it plans to move to Fan Pier on the South Boston waterfront. A company spokesman said it is still early in the process and that Vertex has signed a non-binding letter of intent, a step before signing a lease. Vertex said it had not yet negotiated the price of the lease. The site would be two adjacent buildings, a big change from the 10 scattered buildings the company now occupies near Central Square in Cambridge.
The two buildings on Fan Pier total more than 1 million square feet. The earliest the company would move in would be late 2013 or early 2014.
Source: Boston Business Journal