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Who’s the Developer Behind One Mystic?
By Steve Adams | Banker & Tradesman Staff | Feb 23, 2021 | Reprints | Print
Image courtesy of Stantec
After eye-catching plans were released for the 29-story “One Mystic” apartment tower in Charlestown, questions remained about the little-known firm behind the project.
A submission to the Boston Planning & Development Agency listed Newton-based Fulcrum Global Investors as the applicant. Fulcrum was incorporated in 2019 and doesn’t have a web site or track record of development in Boston, in contrast to the familiar names behind most of the city’s major projects.
It turns out Fulcrum is the creation of Scott Brown, a former global head of real estate for Barings, the real estate arm of MassMutual. After retiring last year from his corporate real estate job, Brown formed Fulcrum to invest on behalf of himself and other contacts made during his career.