Residences still planned for two Congress Square buildings sold Thursday

In an official press release on Friday, Related Beal announced that the buildings at 15 and 19 Congress Street sold Thursday for $14.55 million by Related Beal to Thibeault Development will be redeveloped into residences as originally planned. It has not been announced whether Thibeault Development's residences will be condominiums or rentals, and a unit count has not been specified; a Notice of Project Change (NPC) has not been filed with the Boston Redevelopment Authority (BRA) at this time. Related Beal had intended to construct 35 condominiums at 15 and 19 Congress Street; the buildings total 54,461 square feet.

According to the official press release, Thibeault Development will construct approximately 5,750 square feet of retail on the ground floor of 15 and 19 Congress Street fronting the future Quaker Lane, a pedestrian-friendly avenue planned at the center of the Congress Square development project. "We are excited with the master plan for Congress Square that Related Beal has developed and are looking forward to being a part of bringing it to fruition," said Billy Thibeault, Principal at Thibeault Development. Related Beal will continue to develop the remainder of the Congress Square project.  "The residences that Thibeault is developing at 15 and 19 Congress Street contribute greatly to our vision of Congress Square as a dynamic addition to Boston's downtown,” said Stephen Faber, an executive vice president at Related Beal. The following is a link to the official press release announcing the sale of 15 and 19 Congress Street to Thibeault Development. More information about Congress Square is posted below.

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