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Monthly Archives: July 2015

Siena announced as latest condominium development at Ink Block Boston

Boston, July 13, 2015 – National Development, today, unveiled plans for a new 79-unit luxury condominium building on Albany Street. Siena will be the second luxury condominium building, the sixth building in total, emerging from the ground up in Boston’s fastest growing neighborhood, Ink Block, a South End six-acre mixed-use neighborhood.

Ted Tye, National Development’s Managing Partner, stated that Boston’s condo market is booming. “After the recent success of Sepia, we want to respond to the intense demand in the marketplace for condos in Boston. Siena will bring a unique, new concept to Boston: maisonettes – loft-style units with ground floor terraces. This unique product offering, coupled with a rooftop ‘Sky Lounge’, will create even more dynamic amenities for our customers,” said Tye. “Ink Block is rapidly growing into its own neighborhood within a city. Hundreds of new residents are moving to this new community in the South End. The addition of Siena will complement Ink Block’s unique spectrum of living opportunities.”

Ink Block Growth Numbers:
• Sepia – 83 -unit luxury condo building – 100% pre-sold, opening November 2015.
• Ink Block Apartments – 315 units, 88% leased in less than 5 months.
• Retail – 50,000 square foot flagship Whole Foods Market, Capital One 360 Café, & additional 35,000 square feet of restaurants and retail.
• AC Hotel by Marriott adjacent on Albany Street scheduled to open in 2017.

“With such limited inventory available, today’s buyer is forced to make fast decisions,” said Jamie Curtis, a Sepia Homeowner. ”Luxury, convenience and amenities are driving buyers to one property over another. From the Whole Foods to the unique building amenities, the entire package offered at Ink Block is above and beyond other properties on the market. I expect the condos available at Siena to be in high demand.’

Siena will be comprised of varying sized units including studios, one, two, and three bedrooms, as well as the maisonettes. National Development plans to begin construction in 2016 and open in early 2017. The project architect for Siena is Elkus Manfredi Architects.

About National Development
For over 25 years, National Development has been one of the most active development firms in Massachusetts. Specializing in mixed-use, retail, multi-family, commercial and senior housing projects, National Development and its affiliates have developed over 25 million square feet of space. For more information, visit www.natdev.com or follow @nationaldevelop.