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Boston & New England  + Boston  + Apartments  | 
Related Beal has received approval for its $1.2-billion Chanelside development in the Fort Point area of Boston, MA.

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.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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