By Veronica Grecu, Associate Editor
Forecaster121 – Bulfinch Triangle, Boston
The North End is emerging as one of Boston’s most desired residential areas, and developers have responded optimistically to the growing demand for apartments in this dynamic neighborhood. Pizzuti Development has joined the club with the rehabilitation of the former Forecaster Building, a blighted rain coat factory at the intersection of the Bulfinch Triangle, the North End, and Faneuil Hall—a location that, according to the developer, has a 97 walk score and a 100 transit score.
As previously reported by the Boston Business Journal, Pizzuti has owned the former factory building since 2004, when it acquired the asset for $7.25 million, but it took nearly a decade and several redesigns until the developer broke ground on the rehabilitation project.
Under project plans approved by the Boston Redevelopment Authority (BRA) in 2012, the 73,800-square-foot factory located at 121-127 Portland St. was reborn as a new condominium complex with 80 units. Apart from renovating the six-story structure and redesigning the interior floor plans, the development team built a four-story addition that combines modern finishes with the historic architecture of the building, expanding its size by 26,500 square feet. Once completed, Forecaster121 will also feature a fitness center, meeting space, bike storage space and 24-hour concierge and valet services. The building will also include street-level retail space.
As the renovation and upgrade process is nearing completion at the former factory, Pizzuti Development announced the launch of the marketing and sales campaign for the 80 loft style condominiums. Forecaster121 will offer a combination of one-, two- and three-bedroom residences with prices ranging from $400,000 to $1 million.
According to the developer, RESIS, LLC will serve as the exclusive marketing consultant for Forecaster121.
Rendering credits to Pizzuti Development via BRA