Brooklyn, NY— Fortis Property Group, a leading New York City-based real estate investment, operating and development company, has secured final approval for the redevelopment of the Dock Square Garage located at 20 Clinton Street in downtown Boston.
This 420,000-square-foot mixed-use project will feature up to 210 residential condominium units on top of the existing Dock Square Parking Garage, along with a roof top amenity deck overlooking the Boston Harbor and Historic Faneuil Hall and new and repositioned retail at the ground level.
Fortis plans a six-story vertical addition with residential space on top of the property, as well as the horizontal expansion of the existing structure. The developer intends to retain most of the existing parking. The property’s existing retail will be redeveloped into 8,000 square feet of prime restaurant and luxury retail opening onto a new corner plaza located at the corner of North and Clinton Streets and an additional 3,500 square feet of lifestyle retail along the Rose Fitzgerald Kennedy Greenway.
Streetscape improvements at 20 Clinton Street will include public landscaped plazas with outdoor seating, a water feature with vibrant light columns encircling and specialty paving highlights around the retail and plaza zones, among others.
“We are excited to advance this remarkable project, which will offer up to 210 luxury residences in a spectacular location right in the heart of the city next to Faneuil Hall and overlooking the Boston Harbor,” said Jonathan Landau, Chief Executive Officer of Fortis Property Group. “This project will serve the pent-up residential demand in this prime location, revitalize the streetscapes and complete the transformation of the properties lining the Greenway. At the same time, it will preserve and enhance the views of the Custom House Tower with architecture that complements the existing neighborhood and adjacent landmarks such as Faneuil Hall and Quincy Market.”
The project was designed by Stantec Architects, a global architectural, engineering and design firm. The building will be designated LEED Silver with expected completion in 2023.
Fortis Property Group, LLC is a private, diversified real estate investment, operating, management and development company headquartered in New York City. Its real estate projects include the ownership, development and management of Class-A office properties, and multi-family residential condominiums and rentals. The company’s headquarters is located in Brooklyn, NY. Founded in 2005, Fortis built its fully integrated operating and development platform while acquiring in excess of $6 billion and more than 12 million square feet of office properties throughout the US. Today, Fortis manages approximately 8 million square feet of commercial and residential property in various U.S. locations, including Boston, New York, Massachusetts, Connecticut, and Texas.