You didn't act fast enough, see, and now all the valuable property in that northeastern corner of the South End near the Turnpike is just about all bought up. The old warehouse at 345 Harrison Avenue recently traded for $14 million. Electrical supplier Graybar, the seller, will be allowed to stick around for another year while the new owner decides what to do developmentally. Recall that directly across the street is the Ink Block project, which will transform the old Herald HQ into 475 apartments with 80,000 square feet of retail.
There's also 275 Albany Street, where an extended-stay hotel is going up, along with 16 floors of apartments; 1000 Washington Street, redeveloped office space; and 1115 Washington Street, slated to become a mix of apartments and retail. As for 345 Harrison, the new owner hinted to The Herald's Greg Turner that it will likely become apartments and not be much taller than the Ink Block's eight- and nine-story buildings.
· Hot South End Site Gets a Jolt [Herald]
· Big Development Doings on the South End-Chinatown Border [Curbed Boston]