Troy Boston may still be getting its finishing touches, but the apartments in this mixed-use residential/retail development in South End are already half occupied by eager residents. And though things have moved quickly since spring when leasing began, the project has been a long time coming.
“It takes a long time for a huge development like this to come together,” says Kelly Saito of real estate investor and developer Gerding Edlen.
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“We started talking with the property owners, the BRA, and all the other bodies four or five years ago. We were interested in this property a long time before Ink Block was known,” he adds, referring to the trendy nearby complex where a Whole Foods just moved in.
Location, location, location
Portland, Oregon-based Gerding Edlen knew it had a great location. After all, the South End is brimming with cultural and dining activity, including multiple theaters and some of Boston’s best boutique shopping, restaurants, cafes and galleries.
But this particular part of the brownstone-lined neighborhood has added appeal, says Saito: “We liked the South End address, but also this particular location has easy access to other neighborhoods. The Expressway and the Pike are a hop away; MBTA’s Red Line subway and Silver Line bus serve the area. Chinatown, the Theater District and Southie are easily accessible. It’s really a central city location.”