60% of the 83-unit Sepia at Ink Block project on the former site of the Boston Herald is sold.The Herald moved to new office space in the Seaport District.
“When we decided to build 83 luxury condos there, everyone was asking why we would do that in this part of the South End,” said Ted Tye, managing partner of Newton-based developer National Development, at Sepia’s groundbreaking yesterday. “Now they’re asking us to build more condos.”
There are still two more sites on the 6.2-acre property and Tye said he is considering building more condos in the rapidly changing area.
The complex already has three luxury apartment buildings with 392 units under construction, along with a ground-floor 50,000-square-foot Whole Foods Market that will open early next year. Sepia’s one- to three-bedroom condos, ranging from 510 to 2,000 square feet, are slated to open in the late fall of 2015.