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Russia Wharf
Boston, Massachusetts

In 1980, The Congress Group identified as its first development project, a group of three seven-story brick, granite, and terra cotta commercial buildings constructed around 1897. The Congress Group was able to acquire the buildings, structure financing, contract with interested tenants, and procure tax incentives to successfully complete the project.  The complex was restored and redeveloped into office, retail and parking, reopening in 1983.  Renovation of the buildings resulted in an increase of asking rents from $2/SF to $27/SF.