47 primary residence artist live-work spaces ranging from 1000–2600 s.f.
Nine-story building built 1898, brick and steel beam construction
Passenger elevator + ADA-compliant freight elevator
Café space owned by the cooperative
7 commercial units (7-9 independently owned businesses)
Art gallery and office run by the Fort Point Arts Community, Inc.
Storage/darkroom space (very limited availability)
There is no deeded parking associated with the building. Residents who own cars either obtain resident parking stickers and park them on the street or pay to keep them in local garages. Zipcars and car rental options are available nearby.
No work-only or rental space is available.
To address the shortage of legal artist live/work space available at below-market rates, the Fort Point Arts Community (FPAC), a non-profit advocacy organization for Boston’s artists, acquired 300 Summer Street in 1992. Keen Development was hired as development consultant and construction manager to convert the property into 48 primary residence live/work studios and 7 arts-related commercial condominiums. The renovation scope was extensive but held to a budget of less than $70 per square foot (total development costs).
FPAC chose a limited equity cooperative form of homeownership (one share of stock and proprietary lease per member) for the lofts, which allowed the group to restrict occupancy to visual artists and also ensured that share prices would remain at less than market rate over time. Although financing such co-ops can be challenging, Keen secured construction and permanent loans to complete the development. The result was the opening in 1995 of a thriving artist-owned building.
Developer: Fort Point Arts Community
Consultant: Keen Development Corporation
Architect: Heder Architects, Inc.
Contractor: CWC Builders, Inc.