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367-Unit Navy Yard Undergoes Condo Conversion

BOSTON-Constitution Quarters is about to get a makeover and a new name. The five-building complex was acquired by the Carlyle Group this past March and the developer is in the process of converting the 367 units into condominiums. The project will be renamed Parris Landing at the Navy Yard.

By Naomi Grossman | Updated on May 21, 2004

BOSTON-The 367-unit residential project on the waterfront in the Charlestown Navy Yard is about to be transformed into a condominium development. The project, formerly known as Constitution Quarters, will be renamed Parris Landing at the Navy Yard.

The property is being developed by Carlyle CQ Boston LP, a venture between the Carlyle Group and Draper and Kramer Inc. The designer, Philippe Starck along with his London firm, Yoo, is spearheading the design effort. “It’s unusual to find a historic set of buildings with such vast common spaces,” Yoo chairman John Hitchcox says of Parris Landing.

Carlyle Realty, the real estate arm of the Carlyle Group, acquired the five-building complex this past March from Martin Oliner, a locally based developer, for $90.5 million after the Boston Redevelopment Authority approved the sale. The buildings currently contain a mix of studio, one- and two-bedroom apartments plus a group of two- and three-story luxury residences.

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