million residential project will feature a 19-story high-rise and
an 11-story mid-rise at 275 Albany St.
Its happening yet again, another significant
development has just broken ground in Boston. This time the news
comes to us from the lovely South End
neighborhood where 275 Albany, a $185 Million endeavor, has
just seen construction get underway. To consist of a 19-story high
rise and a 11-story mid rise, the entire project will feature 380
studio, one-bedroom, and two-bedroom units.
This comes on the heels of another announcement from
down the street at 600 Harrison where a
160-unit development just gained approval. So while 600
Harrison will soon follow suit and break ground, it is at 275
Albany Street where upwards of 330,000 square feet is now well on
its way to being built.
The taller tower is located on Traveler Street and
will have 220-units, in addition to 2,000 square feet being
dedicated to retail space and also amenities space in the
penthouse. The mid-rise tower on East Berkeley Street will see
almost 180 units constructed, with a further 4,000 square feet of
retail and amenities space, and a 180-car parking garage.
The developers behind this deal are New Jersey-based
Normandy Real Estate Partners who have partnered up with Gerding
Edlen of Portland, Oregon. In fact, we initially even reported on this story
back in October of 2012 when the proposal for this 60,000
square foot site was just beginning to gain steam. Initially, the
Boston Redevelopment Authority approved the construction of two
hotels to be built at the site in 2010. However, it was in 2012
when the developers filed a change in plans to one hotel and one
apartment building, only to alter their vision yet again and amend
it to have just two primarily residential towers.
The specific location of this project is across the street from
what is known as the Ink Block. It is here where the National
Development of Newton is already constructing 83 luxury condominium
units as well as 392 spectacular apartments at the now former
Boston Herald site. The ever-changing landscape does not end there
as Nordblom Co. also filed plans for two buildings at 345 Harrison
Avenue that would see a 14-story tower with 369 units erected on
Harrison Avenue, while 233 units would rise in a 13-story building
along Washington Street. Still worried about the level of inventory
for quality residential space in the South End and beyond?
All of that is well on its way to being solved.
More Information: Boston Business
Journal