March 13, 2010 | Updated 2:50pm
Subscribe or Renew!



Most Popular

'Something Is Going On'

One Boston Condo Developer Didn't Panic, Found Success

Fort Point's FP3 Project Seeing Sales Increase During Downturn


By Paul McMorrow

Banker & Tradesman Staff Writer

11/16/09

FP3, the 92-unit condominium project in Boston’s Fort Point neighborhood, came online weeks before the bottom fell out of the city’s red-hot condo market. Last year set records for big condo deals, but an economy limping along on life support put an end to that. Transactions tumbled by upwards of 60 percent. New condo construction became un-financeable, and real estate observers took to talking about large blocks of unsold units like an albatross around developers’ necks.

This content is available to subscribers only

A valid subscription is required to read the article or use the tool you've selected. Already a subscriber? Please enter your information below to log in.

Don't have a subscription yet? You're missing out. Subscribing to Banker & Tradesman gives you unlimited access to all of our award winning content and data tools. Interested in subscribing? Click here now to signup for a new account, or activate your web account if you are a new print subscriber.

Forgot Your Password?

Please enter your e-mail address above so we can send you an email which will allow you to reset your password

Sign In


Free registration

Free registration does not offer all of the privileges of paid subscription. But by registering with Banker & Tradesman online for free, users can take advantage of some of our interactive elements. Registered users can submit calendar items and people news for free, as well as browse all of our free daily and breaking news content. To register for free, please click here.