Outside of the Seaport, the Ink Block may be the only area in the city to transition fully from industrial and underutilized parking lots to full- scale, 24/7 live, work and play. This still-maturing community blends commercial and residential uses in a way that the traditional Back Bay and South End do not.
Situated south of Boston’s Theatre District, the Ink Block lies between Fort Point, South Boston and the balance of the South End to its west. Back Bay and the Financial district are very much walkable from the Ink Block as well. Pinned between Herald and East Berkeley Streets, the Ink Block boasts glimpses of the Bass River, which feeds into the Fort Point Channel.
2021 was a banner year for the Ink Block’s luxury real estate sales, with 20 sales at or above the $2 million mark. Unbelievably, 2020 had no sales above $2M. This growth can be attributed to the opening of two new luxury condo developments: The Quinn and 100 Shawmut. It’s important that we acknowledge that while 20 sales is a heck of a lot better than zero, these new buildings would have liked (expected?) to have sold many more units than this in 2021.
The Quinn is Related Beal’s latest luxury condo project located at 370- 380 Harrison Ave. Its design hails from acclaimed Robert A.M. Stern Architects. Select units have roof cabanas with outdoor kitchens but the gravy might be in the fact that this is the first residential building in Boston to include a squash court. With sleek interiors and extensive $1,500/SF in 2021. Between these new luxury developments and the pre-existing, high-end Ink Block and Lucas properties, $2M+ transactions totalled to $57,999,100 in 2021. New construction opportunities are likely to continue to emerge in this area, primarily through mid to high rise buildings with elevators and concierges – quite different from the more traditional Victorian brownstones that cover the majority of the South End. amenities, it is no surprise that the Ink Block’s most expensive sales were in the Quinn, with Penthouse 1J closing at $5,335,000 and unit 12F going for $2,227.19/SF!
100 Shawmut is another full-service luxury building whose historic brick facade blends into a contemporary glass tower rising above with sweeping views of the Back Bay and Financial District. Offering a range of residences from studios to four bedrooms, three units in this building closed sales for more than $1,500/SF in 2021. Between these new luxury developments and the pre-existing, high-end Ink Block and Lucas properties, $2M+ transactions totalled to $57,999,100 in 2021.
We believe when real estate consumers are presented with a complete and robust spread of data, in conjunction with their personal preferences, decisions can be reached with the most confidence.
For more sales data and details on it’s sub-neighborhoods check out our Boston Luxury Real Estate Review >