Combined Fort Point penthouses are a top sale
By Marilyn Jackson
Combined Fort Point penthouses are a top sale
One of April’s spectacular sales was at FP3, the award-winning complex at 346 Congress St. in the Fort Point section of the city.
“It is one of the most expensive, combined real estate transactions in the Fort Point neighborhood,” said Joseph Laurano, director of operations for ResMark LLC, the marketing and development subsidiary of Berkeley Investments Inc.
“This is a strong endorsement for FP3 and this terrific neighborhood,” he said. This sale also places FP3 at 80 percent sold. Two penthouses, several three-bedroom units and a duplex remain.
Jamie Curtis of Coldwell Banker Residential Brokerage’s South End office was the selling broker of the two penthouses, Penthouse Two and Four, which sold for $3.1 million or approximately $752 per foot.
“My client has a design-build business, and this is his urban project,” said Curtis. “He is combining two penthouses for his own use and creating resort-like features.”
The combined square footage is 4,123 square feet and does not include the two terraces, which separately total 1,866 square feet.
An infill section would expand the outdoor space even more.
Tentative plans call for adding a hot tub and an outdoor kitchen on the roof deck, said Laurano.
The kitchen in Penthouse Two is open to the expansive living area.
The penthouses occupy half of the top floor of the building, facing in three directions, and the views sweep across the downtown Financial District, Atlantic Wharf, the Intercontinental and Independence Wharf and continue east to Harbor Towers, a glimpse of the Tobin Bridge, Joe Fallon’s developments to Liberty Wharf and to Boston Harbor.
Needless to say, the views are phenomenal.
The prospect of combining the two penthouses had been discussed for several months before the deal came into fruition, said Curtis.
FP3 comprises two former wool warehouses constructed at the turn of the last century by the Boston Wharf Company, which were completely rehabilitated, and a new building in a different color brick.
A three-story copper and metal rooftop addition with three tones of glass – clear, tinted and frosted – covers the length of the three buildings and wraps down on the back and side of the buildings.
The architect for the project was Hacin + Associates.