Newton-based National Development is the real estate developer that built the Ink Block. Earlier this week they proposed building a 14-story residential building on a sliver of land along Albany Street that would either be a part of or abut the Ink Block. The developer describes the potential new building as a 245 “co-living, multifamily” residential building that would be marketed towards Millennials.
The development is being marketed as micro-apartments with many units smaller than 400 square feet that also offers organized social activities (e.g. regular wine tastings, sightseeing tours, etc…) designed to help bring residents together. According to the article on Curbed Boston, the apartments are marketed more as places to sleep, shower and cook the odd meal. Such a set up has zero appeal to me, but I can see how someone who is new to town or is rarely home may like this sort of set up. The project still needs Boston Planning and Development Agency approval. Stay tuned.