Related Beal’s $1.2B Channelside Development in Fort Point Greenlighted by City of Boston

The City of Boston has approved a $1.2-billion Fort Point development that is set to create residential, office and biolab spaces as well as a large public park and amphitheater, according to published reports.

The plan, proposed by developer Related Beal, aims to transform a parking lot along the Fort Point Channel into a 1.1 million-square-foot destination.

Channelside will introduce 340 residences — including 68 units reserved for artists and affordable residences — 745,000-square-feet of office and life science space, 60,000-square-feet of retail shops and dining and 3.5 acres of parks, waterfront, and recreational spaces.

Channelside will offer arts and cultural programming, public events and a waterfront ampitheater. Related Beal has committed $3.7 million for local artists and cultural initiatives, which will support permanent sculptures, rotating art installations, urban infrastructure art, street furniture and performing art, with at least 25% representation of BIPOC and women featured artists. Related Beal will also dedicate $500,000 over 10 years towards free environmental, STEM and STEAM programs and events for Boston’s youth.