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Ink Block Developer Buys Albany Street Parcel; T Funding

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SOUTH END—The folks who brought you the Ink Block mega-complex in all its multifaceted glory have just bought the last parcel of land in that slice of the neighborhood: "According to the Suffolk County Registry of Deeds website, it appears that National Development closed on the purchase of the parcel of land at 217 Albany Street, in the South End of Boston, currently the site of a two-story office building (Transit Insurance Agency, above). The price was $2,250,000." You know how this ends. [Boston Dwells]
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CAMBRIDGE—The money would be used for upgrades to bus service and to the Kendall/M.I.T. Red Line station: "Cambridge is proposing to levy a new fee on real estate developers in Kendall Square to help pay for public transit improvements, a model that officials said could be adopted by the MBTA for the Green Line extension and other projects." [Globe]