General Electric’s new Boston location wasn’t always so hot

FILE - In this Thursday, Jan. 16, 2014 file photo, a General Electric (GE) logo is displayed at a store in Cranberry Township, Pa. GE is selling its health care lending unit and related loans to Capital One for roughly $9 billion as it shrinks its GE Capital business. (AP Photo/Gene J. Puskar, File)

BOSTON (AP) – It’s been the butt of jokes for decades – derided as a soulless no man’s land.

But Boston’s sprawling Seaport District, soon the new home of General Electric’s global headquarters, has become the city’s hottest and fastest-growing neighborhood.

The eastern district on the waterfront long was filled with docks, warehouses and sprawling parking lots where commuters could find the cheapest parking in the city. Former Boston Mayor Thomas Menino rechristened the area the “Innovation District,” and the city has aggressively marketed it to technology companies and startups.

Over the past decade, it’s bristled with cranes amid a construction boom. In 2014, Vertex Pharmaceuticals moved 1,200 employees to a new $800 million headquarters there.

GE said Wednesday it will begin relocating there from Fairfield, Connecticut, this summer and complete the move by 2018.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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