It was a close shave, but Gillette is staying put in South Boston, albeit in a different space.
The Procter & Gamble-owned razor brand plans to buy a South Boston development site and build a nearly $1 billion global headquarters and innovation center, anchoring its future along the Fort Point Channel, the company announced. The purchase price was not disclosed.
Gillette will purchase 232 A Street, a property owned by Breakthrough Properties — a joint venture between Tishman Speyer and Bellco Capital — and construct a research and development hub for its grooming division. The project is poised to become the single largest investment Gillette has ever made in Boston…