(For more retail coverage, click GlobeSt.com/RETAIL and to read more on the multifamily market, click here.)

BOSTON-Berkeley Investments will undertake its first major redevelopment and construction project in the Fort Point Channel area with the creation of a $52-million project. When complete there will be 97 condominium units and ground-level retail space to a block-long stretch of Congress Street.

The project, known as FP3, calls for the renovation of two industrial buildings and the construction of a third, all of which will be topped by a three-story glass addition. The resulting eight-story, three-building interconnected project at 348-352 Congress St. will integrate the architectural elements of the surrounding neighborhood. It was designed by Boston-based Hacin + Associates.

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