(Image courtesy Boston Residential Group)
Almost all of the 44 loft-style apartments in 381 Congress St. have been leased, following the redevelopment of the building that was completed in November.
The five-story Fort Point building, which cost Berkeley Investments, Inc. $16.5 million to refurbish, was purchased by the company in 2004, according to a release from the Boston-based group.
“381 Congress, our newest residential project in Fort Point, leased up in just a few short weeks after we completed our full-scale renovation of this dynamic building,” Young K. Park, president and principal of Berkeley Investments, Inc., said in a statement. “Without exception, those who want to live in the heart of Fort Point appreciate this property and its architectural integrity, with many of our residents saying they now love where they live.”
The building is part of the push in the Fort Point/Waterfront area for smaller units that offer less amenities, but are centrally located.
“We’re thrilled with the market’s response to date,” Curtis R. Kemeny, CEO and president of Boston Residential Group, LLC, which handled the leasing of the property, said in a statement. “Leasing pace has exceeded our expectations as a result of 381’s unique competitive advantages: a central location that’s close to public transportation, the airport and the Financial District, award-wining design and onsite amenities like the new Row 34 restaurant.”
The 50,000-square-foot brick building, located on the corner of Congress Street and the West Service Road, was constructed in 1907 and in addition to housing residential units includes a 6,000-square-foot retail space, which will house Row 34 a new restaurant by Island Creek Oyster Bar.