In 2015 Deer Street Associates and GL Rogers and Company embarked on a new project called Foundry Place. Deer Street Associates contributed property it has owned since 1984 located on Deer Street in the historic North End of Portsmouth. GL Rogers facilitated the acquisition of additional abutting land, and a portion of the combined parcel was sold to the City of Portsmouth for a new 600+ municipal parking garage.
Building 1 is a 618 car City of Portsmouth municipal parking garage completed in October 2018.