National Development, which yesterday marked the start of the $200 million redevelopment of the former Boston Herald headquarters into the Ink Block, is finalizing plans for the mixed-use project's fourth and final building.
"We hope to make an announcement in the next 60 days on when we'll start and what we plan to do," managing partner Ted Tye said.
The Newton company this week will begin tearing down the Herald's former 54-year-old home to make way for 471 apartments, a 50,000-square-foot Whole Foods Market and 35,000 square feet of restaurants, shops and entertainment options.
A February 2015 opening is targeted.
City officials said the Ink Block will reconnect two neighborhoods split by the MassPike extension.
"It's taking the connection between Chinatown and the South End and bringing them together," Boston Mayor Thomas M. Menino said. "Projects like the Ink Block foster a sense of neighborhood vitality and vibrance."
The Chinese Progressive Association hopes Chinatown residents will have access to some of the project's 400 construction and 100 permanent jobs. It's seeking a first-source hiring pact for development projects in Chinatown and the surrounding area. "The good jobs are needed to help people continue to be able to live in the neighborhood and the city of Boston as a whole," deputy director Mark Liu said.
Herald publisher/owner Patrick J. Purcell sold the 6.6-acre site to National Development in 2007 for undisclosed terms and has a minority stake in the new development.
The Herald moved to new headquarters in South Boston's Innovation District last year.
When the former Herald building goes down, "there will be a lot of nostalgia that goes down with it," Tye said, noting the "heart and spirit" and "roll-up-your-sleeves" attitude of Herald workers.
The "B" and "H" from the Boston Herald sign that topped the building were revamped by Roxbury artist Cyrille Conan and will hang in the common area of the Ink Block apartments.
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