Yes, I believe it is relocating from elsewhere in Fort Point. It's basically a gallery for local artists, so it seems like it's a waste of retail space in a neighborhood somewhat lacking in basic retail amenities.
I'm moving in here from One Back Bay. Back Bay rent increases have made this an attractive proposition since the rent is significantly cheaper for larger units. The biggest downside is the downgrade in kitchen appliances and lack of gas. But on the upside, there's a Nest thermostat in each unit.
So, I'm moving in here on Friday. We recently got an email from the management:
Unless the "nearly 100% leased" figure is a massive exaggeration, I don't think the building is leasing poorly. It's probably just the top floors since there's a $50/floor increase in price for a 1BR.
I live nearby at 135 Claredon and many of my neighbors have small children. Ever since that little playground opened, they've all been hanging out there instead of in the hallways. It may be something like a "spite park", but it's been a godsend for me!