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Mission Impossible is possible: Artists buy Fort Point building for $20M

The sun has risen in the west. Hell has frozen over. Pigs are flying.

And the non-profit Midway Artist Collective appears to have actually purchased 15 Channel Center in Southie’s Fort Point neighborhood for $20 million, preserving 89 units of affordable housing for artists in the process.

Two things appear to have made the once Mission Impossible possible: 1.) The previous owner itself was an apparently patient and sympathetic charitable foundation and 2.) the purchase of Midway studios was mostly funded through a $14.9 million HUD-insured mortgage.

A big congratulations to the Midway Artist Collective.

And this post will not self-destruct in five seconds. Over.

Photo via Midway Artist Collective.

OK, we can’t resist. Click below to hear the Mission Impossible ditty. … Dum dum da da dum dum da da …

Read other posts about: Seaport Boston real estate, Seaport Innovation District

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