National Development » 2017

Yearly Archives: 2017

National Development Announces Plans for Boston’s First Co-living Community at Ink Block

National Development announced on November 17th, 2018, the seventh and final building at Ink Block in Boston’s South End. A letter of intent for the project has been filed with the Boston Planning and Development Authority. The proposed building, to be known as 7INK by Ollie, will be a 14 story iconic tower on Ink Block’s final building site at the corner of Herald and Albany Streets.

National Development has enlisted Ollie, the country’s leading co-living and micro-housing specialist, to assist in the development and operation of 7INK by Ollie’s 245 shared suites and micro-studios. Elkus Manfredi is the project architect.

7INK by Ollie is Boston’s first major co-living development. Blending modern day principles of communal living with micro-housing, co-living is an emerging trend that enriches the living experience through community engagement, allowing residents to cultivate meaningful relationships and experiences with neighbors and roommates. Hailed as an innovative market response to the high cost of living and the rise of non-traditional family households, co-living communities are experiencing rapid growth across the country.

“7INK by Ollie and the co-living program is the logical evolution of our innovative Ink Block brand,” stated Ted Tye, Managing Partner of National Development. “The built-in infrastructure of Whole Foods Market, our restaurant and fitness retailers, the soon to open AC Hotel by Marriott, and our new Underground at Ink Block art park make this a perfect location for co-living.”

Ollie Co-founder and CEO, Chris Bledsoe, commented, “We couldn’t be more excited to introduce co-living to Boston in partnership with National Development, one of Boston’s most innovative and progressive real estate companies. Ink Block has led the transformation of the South End into a premier live, work, play area.” We have been looking for the right location to bring co-living to Boston and Ink Block is it.” Ollie currently operates in New York and Pittsburgh, has several projects under development and is opening what will be the largest co-living community in the US in Long Island City in 2018.

Ink Block has been hailed as a “game changer” in Boston real estate. Once the location of the Boston Herald newspaper, the six-acre Ink Block site is now home to apartments, condominiums, a hotel, one of the country’s highest volume Whole Foods Markets, acclaimed restaurants, retailers and fitness studios. It has been the stimulus for other major developments in the now thriving former industrial area of the city known as the New York Streets.

National Development anticipates starting the project in late 2018. Planners have long envisioned a major building at the prominent corner location. “7INK by Ollie will complete the block design and make Ink Block more livable and walkable,” said Tye. “We envision this site as having very little dependence on cars and encouraging public transit and alternate transit modes.”

A phonetic wordplay on “all inclusive,” Ollie eliminates wasted space through its disruptive design philosophies, densifying units and providing residents with a curated living experience anchored by a core set of values: Inclusion, Discovery, Wellness and Sustainability, including a full range of services, unique community engagements and extraordinary shared amenity spaces. All units are furnished with transforming furniture and receive complimentary weekly cleaning with fresh linens and towels and a replenishment of bath amenities. The all-inclusive experience also provides residents with Wi-Fi, cable TV, a regular calendar of curated social activities, and access to all Ollie locations nationwide.

About Ollie Ollie is the leading micro-housing and coliving platform. In partnership with institutional real estate investors and developers, Ollie revolutionizes the living experience for urban renters through “all-inclusive coliving” that combines thoughtfully appointed furnished micro-studios and shared suites with extraordinary lifestyle-relevant services, abundant amenities, and unique community engagement activities. For more information, visit www.ollie.co.

About National Development

For over 30 years, National Development has been one of the most active real estate development firms in Massachusetts. Specializing in multi-family, commercial office, mixed-use, retail, industrial, hotel and senior housing projects, National Development and its affiliates have developed over 28 million square feet of space. National Development is also one of the region’s largest property management companies and currently manages over 9 million square feet of commercial space and 2,400 residential units. For more information, visit www.natdev.com or follow @nationaldevelop.

 

 

Contacts:          Kathy McMahon, National Development, kmcmahon@natdev.com, 617-559-5086                        Meghan Davey, Ollie, meghan@ollie.co, 646-518-2433

 

National Development and Charles River Realty Investors honored by United Way of Mass Bay

At the 26th annual Real Estate Leadership Breakfast on November 2nd, The United Way of Massachusetts Bay and Merrimack Valley honored National Development and Charles River Realty Investors with their annual Norman B. Leventhal / Edwin N. Sidman Real Estate and Building Industry Leadership Award. The award is a tribute to a firm’s professional and philanthropic impact on the Greater Boston community. The award was presented to National Development/Charles River by David Manfredi of Elkus Manfredi Architects. Watch the ND Community video here https://vimeo.com/240168531

Constitution Center rebrands, repositions and lands major tenant

National Development is pleased to announce that the former Constitution Center will undergo a $20 million renovation to create a best-in-class creative workplace in a unique waterfront environment. The project, which has been renamed Constitution Wharf, is an 8-acre office property located in Charlestown directly on the Boston Harbor and situated across the North Washington Bridge from North Station.

Constitution Wharf will completely reimagine the waterfront office environment to highlight the building’s location on a pier directly next to the birth of the USS Constitution. The property enjoys excellent connectivity to downtown and the surrounding area via a 10 minute walk to North Station and easy vehicle access to I-93, I-90 and Route 1. National Development will begin construction in May 2017 on a new double height lobby, entryway, lounge, café and fitness area dedicated to the building. Landscape improvements will create an outdoor harbor side “living room” complete with a fire pit and media screen, and ample event space available for tenants to share and comingle. The repositioning will also include workspace improvements, covered bike storage, new signage and a public art component. Constitution Wharf will offer a rare opportunity for companies to have a high performance work environment in an urban waterfront setting with spectacular views of the Boston skyline and Boston Harbor.

In a testament to this new vision, shoes.com (formerly ShoeBuy), a leading e-commerce company recently acquired by Jet.com, has signed a long-term lease for 31,300 square feet with National Development at Constitution Wharf. The company’s headquarters will relocate to this new cutting edge location from Boston’s Financial District. Newmark Knight Frank (NKF) Executive Managing Director David Townsend and Senior Managing Director Tim Bianchi advised National Development in the transaction. John Butterworth and Nick Amarante of CBRE/New England represented shoes.com in the lease negotiations. Perkins & Will is providing the architectural services for the renovation.

“It’s a privilege to work with National Development on Constitution Wharf, and we credit the team for their hard work and vision for this project which attracted an exciting company like shoes.com,” said Townsend. “The property’s fantastic location along with its modern amenities will make Constitution Wharf a great place to build culture and to recruit the best talent.”

Constitution Wharf is a 180,000-square-foot office complex located on the waterfront adjacent to Constitution Marina. The project is within walking distance to several public transportation options, as well as a myriad of restaurants, coffee shops and nightlife. Constitution Wharf has ample on-site parking and also offers a dedicated shuttle service, on-site zip cars and a nearby Hubway station to further enhance commuter’s options.

Shoes.com is relocating its headquarters from 101 Arch Street in Boston’s Financial District to the second floor of One Constitution Wharf due to the company’s rapid growth and desire for unique workspace. National Development will be renovating the space to provide a customized open workspace designed to meet shoes.com needs. Shoes.com will take occupancy of its new headquarters in late summer 2017.

“We’re incredibly excited about the opportunity to grow our business and to foster an energetic company culture for shoes.com at Constitution Wharf,” said John Foristall, EVP & CFO of shoes.com. “The property’s redevelopment was very attractive to us and met our strict criteria to move our growing headquarters to a premiere and unique location. The custom open workspace on the waterfront will allow us to continue to modernize and transform how people shop for shoes and to attract top talent.”