Site work continues at 399 Congress
Rebar and plumbing placement ongoing on upcoming 22-story mixed-use tower featuring 414 apartment residences ranging from innovation units to three-bedrooms. Additional work to include mud mat and foundation slab pours.
399 Congress mixed-use tower in Seaport District starts foundation work, new rendering revealed
Preparations for foundation work are now underway at the future site of the 22-story 399 Congress mixed-use tower in the Seaport District, which will feature 414 apartment residences and approximately 12,000 square feet of ground-floor retail, innovation and lobby space. Foundation work, including excavation of the building’s three-level, 144-space underground parking garage, is scheduled to last through next April, at which point structural frame construction will begin.
399 Congress' facade will feature a mix of dark and light grey metal panels with glass curtain wall, as opposed to the originally-proposed tan finish panels; the latest 399 Congress rendering is posted above. The building will be located across from the $900 million, 1.3-million-square-foot Echelon Seaport mixed-use development, which broke ground last month, and steps from the $157 million, 325,000-square-foot Waterside Place Phase 1B mixed-use development, which is expected to start construction this year. Developer Crescent Heights acquired the 0.7-acre 399 Congress Street site for $36 million in January 2016. Crescent Heights recently closed on $157 million of construction financing for 399 Congress provided by The Union Labor Life Insurance Company.
The Seaport District parcel approved for construction of The Residences at 399 Congress Street was sold today by Madison Seaport Holdings LLC to 399 Congress LLC, an affiliate of developer Crescent Heights. Sale price was $36,000,000.
The parcel was last sold in 2006 to Madison Seaport Holdings LLC for $5,650,000.