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This sold for a lot more than $37M but with hotels, you can allocate a lot of the purchase price to personal property and value of the brand. I believe this sold for around $50M but it's beneficial to net the purchase price down for tax reassessment reasons. This hotel also has a plans and...

They will have to do the same thing as 111 Boylston Street I would imagine, which is work between the hours of 1:00 am and 5:00 am when the MBTA can shut down power.

At the time of the sale it was accurate. From my understanding, Cumberland Farms sold the rights to Gulf OIL only. It still owns the real estate that most Gulf stations are on and the Cumberland Farms convenience stores that go with it. The sale was intended to separate Cumberland gas business...

It's not they will have to go for a zoning change in order to get the hotel approved, it's at least 12 months away assuming they are successful with the zoning change. As a condition of the sale, Cumberland Farms needs to complete all environmental remediation which is why the building is being...

http://www.archboston.org/community/showthread.php?t=1837&page=14 Nothing concrete yet, just demo and remediation right now. Probably going to be another Hilton-branded hotel as it is the same developer of the Homewood Suites down the street

Already happened

This got built because the developer took the exact same shell that had been approved for medical office back in 2006 before the market crashed and refitted the interior to work as a hotel. The residents of White Place (behind the hotel) would not approve a new building so it was either this, or...

I've heard the hotel is on hold for now. The developer who bought the land and got the Courtyard franchise was bought by Starwood Capital and Starwood is not focusing on development. So the project is in limbo

I spent the first 24 years of my life in Westwood and while I agree with everything said in here about it being a glorified strip mall with nice materials, it's a hell of a lot better than what was there (nothing). Everyone knew the CC&F proposal was wishful thinking, the new developers actually...

Re: Patriots Place They had an opportunity to build this instead of the Renaissance the first time around, big mistake. Select-service/limited-service hotels always do a much higher NOI margin, especially in this type of location. My guess is they went with the Renaissance so the teams and...

The overwhelming vote gives New Bedford a huge leg up on Brockton

Do you mean the Allston Motor Sports property? I know the 6 building proposal you are talking about, I've seen a site layout for that. And is Harvard going to do all of Everett street or just the side where the new skating club is going (north of the pike)?

Do you know of any other developments planned in this section of Allston? I'm talking mainly from Cambridge Street/North Beacon towards the Pike...I know New Balance obviously but anything else you can think of?

I wish this actually still held true. Unfortunately, today's media is all about being the first the break a story regardless of whether or not the sources are correct. We saw this with the marathon bombing of people being accused and having their names published just for looking middle-eastern...

Mount Vernon is not gone. They built and sold the Green District Portfolio to ND but the company is still very much around and now roughly $100MM wealthier after the sale.

Doubtful. This seems like a pretty small number of units for the Mt. Vernon Co. Like I said, there are two parcels that make up the parking lot, one of them is owned by Chestnut Hill Realty so my guess is they are involved somehow although I don't believe they are in the development business...

Do you have any other info on this? Is there a PNF or meeting scheduled yet? The guy who owns one of these lots is the owner of Chestnut Hill Realty

Re: Mandarin Oriental The hotel is reportedly going to auction in September.

The rendering in this thread is a little old. They've reduced the amount of brick significantly but it still won't be anything special. Regardless, this project should begin to reshape that end of Rt. 9 over the coming years. This was a very tight site to build anything on and the developer...

Roche Brothers is a fantastic company. They treat employees right and do whatever they can to help the community they are in. They foot the bill for the entire renovation of the old MDC hockey rink on the VFW Parkway, now "Roche Rink". I know a lot of you were skeptical but I think this is going...