Cathartes moves forward on Portwalk residences

Cathartes moves forward on Portwalk residences

Rendering provided by Cathartes.

Globe Staff

Cathartes Private Investments, a Boston-based real estate development and investment company, said it has begun construction on the Residences at Portwalk, a mixed-use project in Portsmouth, N.H.

Portwalk’s Residence Inn by Marriott and the Portsmouth Harbor Events and Conference Center opened six months ago, and the new phase starting construction envisions 36 luxury apartments and 9,400 square feet of ground-level retail space, Cathartes said.

“We had to be creative, resourceful, and determined to keep Portwalk moving forward during this difficult economy,” Cathartes Private Investments principal Jeff Johnston said in a statement. “Our progress demonstrates Portwalk’s incredibly unique appeal, and the outstanding opportunities the Residences at Portwalk will offer prospective retailers and people looking for the ultimate downtown living experience. Our hotel and conference center are off to a tremendous start, and we expect the Residences at Portwalk to be equally successful.”

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