The new Ink Block development has already started selling its luxury condos in Boston’s South End, but now it’s also renting the first of its planned apartment buildings at the former Boston Herald site.
The recent opening of Ink Block’s first apartment building follows the recent launch of a new Whole Foods store at the site. Eventually, National Development plans to have 350 apartments and 83 luxury condos on the Harrison Avenue block.
According to the Herald, rents in the buildings will range from $2,529 to $2,804 for studios, $3,234 to $4,304 for one bedrooms, $4,104 to $4,704 for two bedrooms and $5,404-$5,804 for three bedrooms.
The paper quotes property manager Jessica Ryan as saying that 315 Ink Block is 25 percent leased, mainly to young professionals.
In a sign that landlords are getting competitive for luxury-building tentants, Ink Block is offering deals to entice people to rent there.
“The complex is offering one month of free rent and a ‘look and lease’ promotion that gives an additional $1,500 off if a lease is signed within 24 hours of touring an apartment,” the Herald reports.
Meanwhile, Ink Block continues to heavily promote its luxury condos within the development’s Sepia building.
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Updated: January 2018