The new 197-unit Flats on D luxury apartments may not be in the thick of the Seaport District's offerings, but the project's developer sees that as an advantage.
"A lot of people want to live close to the action, but away from the fray," said John Baxter, executive vice president of Boston's Cresset Development, best known for building the Seaport's Liberty Wharf restaurant complex.
The leasing numbers at Flats on D, which is on D Street between the Seaport and South Boston's West Side, back up his claim. Forty-four percent of the units have been rented, even as construction continues on rooftop and outdoor terrace common spaces.
Alissa Isom of Bozzuto Management, property manager of Flats on D, says most of the renters are young professionals and many work in the Seaport District.
"Our rents are a little less than our competitors like 315 on A and Waterside Place" said Isom. "But tenants want to be in this up-and-coming area."
Studios start at $2,200, one-bedroom units at $2,500, two-bedroom units at $3,625 and there's a few three-bedroom units at $5,465.
Garage parking, for $275 a month, is behind a row of ground-floor retail spaces. Sub shop chain Jimmy John's is opening at the end of the month, dry cleaner Lapels is coming, and Dunkin' Donuts and MassBay Credit Union have signed letters of intent.
The Flats is actually two six-story buildings, with 95 units at 411 D St. and 102 at 407 D St. Each building has its own gym. There's a Wi-Fi coffee bar, game room with a billiards table and screening room at 407 D St. A rooftop deck will grace 411 D St., and 407 D St. will have a large second-floor rear terrace. Both outdoor spaces will have gardens and lawn, gas grills and fire pits, bocce courts, large TVs and lounge seating.
We took a look at Unit 203, a staged model at 411 D St., an 898-square-foot one-bedroom plus den renting for $3,180 a month. The apartment has an open living/dining/kitchen area with 9-foot ceilings, vinyl plank flooring and floor-to-ceiling windows.
There's oak cabinets, granite counters and GE stainless-steel appliances in the kitchen.
The carpeted bedroom has a walk-in closet and an adjacent carpeted den. The bathroom has porcelain tile floors, a granite-topped vanity and ceramic tile surround for a tub/shower. Every unit has a closet with a stacked washer/dryer and tankless water heater.
Isom says concessions include free rent for six weeks if tenants occupy an apartment by Sept. 15, along with a reduced security deposit and a free accent wall in the living/dining area.
The complex is across from the just completed Lawn on D temporary park, which features concerts and outdoor games. Next door will be a pair of mid-priced hotels.
"When we started Flats on D, this area felt like the edge," Baxter said. "But now it's filling in around us. The idea of living, working and playing in one neighborhood has strong appeal."
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