Bolstered by the growing Fort Point Channel neighborhood, and three culinary hot spots from Barbara Lynch, including one opening next month, the boutique residences at FP3 are seeing strong sales.
Last month alone, the 92-unit project, which opened in August 2008, had seven closings and the sales team is expecting at least three more this month, said Joe Laurano, of Berkeley Investments, which is heading up the sales and marketing of FP3.
According to Laurano, and many involved in the project, the Fort Point Channel neighborhood – located in South Boston — is the next South End.
“It is the South End 15 years ago,” said Laurano. “We get a lot of folks that were early adopters of the South End. They are leaving the South End and looking at us because the South End is yuppified.
They want to get back to the grittier, artistic neighborhood.”
For years, the Fort Point Channel area has been an artist haven. Now, although artists continue to settle there, the development of the South Boston waterfront, the construction of FP3, Barbara Lynch’s restaurants and several other residences, have put it on the map as a more mainstream neighborhood alternative. Earlier this month, another developer proposed building a 25-story tower that would include 232 apartments.
The dramatic FP3 building is located on Congress Street. Designed by Boston-architect David Hacin, it melds the historic elements of the district — which was once home to factories and warehouses — with contemporary influences. Hacin said he wanted the building to make a statement but not stick out like a sore thumb in the artist community.
“FP3 is an important symbolic statement about the revitalization of the district. We wanted it to say, ‘Something exciting is happening here,’ but at the same time respect the character of the existing fabric,” said Hacin.