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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