Albany Street JV LLC, a development team comprised of Normandy Real Estate Partners and Gerding Edlen, is setting up more luxury residential units in the South End, just steps away from the Ink Block site.
President Kelly Saito and Matt Edlen, representatives from Gerding Edlen, the Portland, Oregon-based developer behind Fort Point’s 315 on A, met with BostInno earlier this week to discuss the construction underway at 275 Albany St., right around the corner from Ink Block.
In total, the $185 million 275 Albany project will house 390,000 square feet of mixed-use development, built atop roughly 60,000 square feet of land. The site will feature two residential towers, each fitted with retail space, and a parking garage.
A 20-story high-rise and another 10-story mid-rise will house 378 studio, one-bedroom and two-bedroom units, averaging 640 square feet. (The average square footage is skewed towards the lower side due to the project’s heavy focus on studio and one-bedroom units, Edlen said in a follow-up phone call with BostInno earlier this morning.)
The 20-story tower will feature 2,000 square feet of retail space, and “amenities” space on the top-floor. The 10-story mid-rise will include 4,000 square feet of retail space, and more amenities space on the top floor.
A 180-stall parking lot will be built on-site, providing about .7 spots per unit.
Suffolk Construction is the development builder.
BostInno reached out to Normandy’s Justin Krebs for further details, but he was not immediately available for comment.
According to documents filed with the Boston Redevelopment Authority, originally, in 2010, a mixed-use development project was proposed for the site that would consist of two hotels, joined by an above grade parking garage, loading dock, roof terrace and swimming pool. One hotel would be a “select-service” and the other an “extended stay” hotel.
In 2012, a Notice of Project Change was filed with the BRA, proposing a project with one hotel component and one residential component. Albany Street JV LLC later, in January 2013, filed an amended plan with the BRA. Last February, Albany Street JV LLC filed an NPC for two residential developments, scrapping the hotel component.