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New Developer Signs On To Albany Street Hotel and Apartment Complex Project

Gerding Edlen will join Normandy Real Estate Partners to develop the empty lot at 275 Albany Street into a dual hotel and apartment complex.

A new developer has committed to co-developing the planned apartment complex tower at 275 Albany Street, part of a combo hotel and apartment development to be built next year in the Ink Block section of the South End. 

The firm, Gerding Edlen of Portland, OR will join the current developer, Normandy Real Estate Partners, to turn the space currently used as a parking lot into an $150 million, 1.3 acre hotel and apartment complex. 

“We think it’s a great opportunity,” Kelly Saito, president of Gerding Edlen, told the Boston Herald. “We think it’s a good, central location that’s in the South End but abuts several other neighborhoods with great access to transit.”

Normandy Real Estate Partners had originally planned to build a $125 million double hotel and parking garage complex on Albany Street, but announced in August it would instead build a $150 million hotel and apartment complex. The Boston Redevelopment Authority approved the plans in September.

As the plans stand now, the building will feature 220 apartment units and a 325-room hotel that will rise as high as 19 stories on the 1.3 acre lot at 275 Albany Street. 

This Albany Street development would share the street with the $200 million Ink Block development, which would house 471 apartments and a Whole Foods supermarket. 

Erica December 06, 2012 at 04:20 PM
Looking forward to the redevelopment this area needs. Was there any timeline on ground breaking for this project?
MPreston January 28, 2013 at 02:40 PM
kinda looks more like a BLOCK, than a tower. More trees please. Any green space at all ? or it is one huge hunk of concrete ?

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