Fenway HoJo's Redevelopment | 1271 Boylston Street | Fenway

Re: Fenway HoJo

Looks like the plan has changed according to the Boston Globe

After 54 years working in the hospitality business in Boston, hotelier Robert Sage (pictured) intends to sell his Howard Johnson’s on Boylston Street to make way for development that is changing the Fenway. The sale is expected to close at the end of the year, and the future owners, developers Steve Samuels and Adam Weiner, will take over the property as part of their plans to build new apartments, stores, and restaurants in the area.

Samuels will be further expanding his ownership of Boylston street according to this article. From his track record I'm expecting good things to come from this.
 
Re: Fenway HoJo

Looks like the plan has changed according to the Boston Globe



Samuels will be further expanding his ownership of Boylston street according to this article. From his track record I'm expecting good things to come from this.

I love Samuels work so far, but seriously, how much capital can he spend on this stretch of Boylston before he has to stop to catch his financial breath?
 
Re: Fenway HoJo

MUST KEEP BUILDING FOR HISTORY'S SAKE: THE TOWN!
 
Re: Fenway HoJo

I love Samuels work so far, but seriously, how much capital can he spend on this stretch of Boylston before he has to stop to catch his financial breath?

He is really only putting up about one building at a time, so I assume the next building doesn't move on until enough money was recouped from the previous project. It's got to be a pretty substantial net positive, considering the rate at which he is acquiring parcels.

I imagine owning half the neighborhood also gives him a decent amount of financial security. By controlling the vast majority of new construction, he is pretty much setting the tone for the Fenway, but can also undercut competition and ensure the properties all stay well maintained, desirable, and contain a healthy retail mix.

I do wonder if once the build out is complete if Samuels will retain control of all the buildings, or sell them off. I can't think of anything worse than all these buildings getting into the hands of Alpha or the like.
 
Re: Fenway HoJo

He is really only putting up about one building at a time, so I assume the next building doesn't move on until enough money was recouped from the previous project. It's got to be a pretty substantial net positive, considering the rate at which he is acquiring parcels.

I imagine owning half the neighborhood also gives him a decent amount of financial security. By controlling the vast majority of new construction, he is pretty much setting the tone for the Fenway, but can also undercut competition and ensure the properties all stay well maintained, desirable, and contain a healthy retail mix.

I do wonder if once the build out is complete if Samuels will retain control of all the buildings, or sell them off. I can't think of anything worse than all these buildings getting into the hands of Alpha or the like.

Exactly. Each additional purchase he makes becomes less and less risky. Trilogy would have been a huge loss if Fenway didn't catch on. Now that Fenway is booming and we have Trilogy and 1330 completed, with The Viridian, Boylston West, and Landmark Center coming soon, the prospects are good for more development. Momentum helps attract investors and makes financing easier.
 
Re: Fenway HoJo

Samuels is doing Boylston West, the Point and Landmark. They also did the YardHouse and Marshall's building up Brookline Ave. They have must of the neighborhood and serve as the developer. Having them all under their belts allows them to control the pace of development (supply/demand of rentals) and maximize the use of each build (i.e. they don't have to worry about the plot over putting in a walmart when they negotiate with target). That said, they serve as point but many big banks (a la JP Morgan) serve as the main money.
 
Re: Fenway HoJo

As he contemplated the hotel’s sale, Sage said he’s not sure what he’ll do next. He’d like to spend a little more time in Florida ...

Dude, you're 87 years old; your next stop is the great big hotel in the sky!
 
Re: Fenway HoJo

I love Samuels work so far, but seriously, how much capital can he spend on this stretch of Boylston before he has to stop to catch his financial breath?

Boston Business Journal article said that he may be renovating the HoJo for now and holding off on development. I don't see anything happening with this site for at least 5 years and maybe closer to 7 or 8. He has lots on his plate before then.

"several sources said Samuels plans to renovate the hotel and consider a redevelopment at a later date." http://www.bizjournals.com/boston/real_estate/2013/12/samuels-to-buy-hojos-in-fenway.html
 
Re: Fenway HoJo

Here's a Globe article from back in 2005 when an earlier redevelopment proposal was floated. It says the Red Sox were entering into a partnership to build a hotel and condos but I guess they never actually bought the property?

Who knows, if HoJos is back on track, maybe the Sunoco gas station is on the way out, too. The guy who owns it (having bought it from Shell in 2006) wanted to sell it several years ago but was asking a ridiculous price, if I remember correctly.

Sox deal seen to build hotel near Fenway
By Steve Bailey, Globe Staff | October 28, 2005

The Boston Red Sox have launched a partnership to build a 200-room hotel and 160 condominiums at the foot of historic Fenway Park, according to an executive who helped negotiate the agreement.

The Red Sox have signed a letter of intent with the Sage family for a joint venture to tear down the family's aging 94-room Howard Johnson's motor lodge on Boylston Street and replace it with a hotel twice its size and market-rate condos, the executive said. The executive put the project's cost at about $140 million.

Spokesmen for the Red Sox and Sage family declined to comment yesterday.

The agreement reflects the Red Sox's strategy to control as much of the surrounding neighborhood as possible now that the team has committed to stay in Fenway, Major League Baseball's smallest park. It also gives the Red Sox ownership (which includes The New York Times Co., owner of The Boston Globe) a chance to participate in the development of what has come to be one of the hottest districts in the city.

Having committed to spend $100 million renovating the 1912 ballpark, Red Sox officials have been increasingly concerned about development around Fenway. In particular, they have been concerned about new towers that would obscure the open skyline from inside the park and compromise what they call ''the Fenway experience."

Partnering with Sage Co. to build on the Howard Johnson's site is both defensive and opportunistic for the Red Sox, as is the team's recent agreement with Boston developer John Rosenthal on the other side of Fenway Park.

After long opposing Rosenthal's plan for two condo towers in Kenmore Square behind the Green Monster, the Red Sox recently said they would support an amended plan and possibly form a partnership with Rosenthal in developing the project. The new proposal, which would shift the towers slightly west of the park above the Massachusetts Turnpike, would include 525 residential units, retail space, and a 560-car garage. Two public parking garages with a capacity of 1,800 cars would also be built over the turnpike to accommodate game-day parking and the Longwood hospitals nearby.

The Red Sox have also been buying properties in the neighborhood. Among them: the Town Taxi garage on Ipswich Street, and the McDonald's restaurant and WBCN radio studios, both on Boylston Street.

The Sage family has talked for years about redeveloping their low-rise, low-end Howard Johnson's near Fenway, creating the same kind of concerns about height that the Rosenthal project did. The executive familiar with the new plans for the site said the tallest part of the project would be on Boylston Street, away from the park.

It's not known what stake the Red Sox have in the joint venture, and an architect hasn't been hired yet.

''They don't want it to be higher than the ballpark," the executive said. He said the new hotel would not carry the Howard Johnson brand. The Sage family also operates a Radisson Hotel in Cambridge.

The Red Sox and other Fenway-Longwood businesses have also been lobbying for state money for transit and road improvements in the area. This month the Massachusetts Senate approved $55 million to improve access by road, rail and bus to Fenway Park and the hospitals. The House had earlier approved a package worth about $12.5 million.

Plans for the hotel and condo project are preliminary. It would need approval from the Boston Redevelopment Authority. But the Red Sox and Sage have not submitted anything to the BRA, a spokeswoman said yesterday. And they have yet to approach neighborhood groups, which in general have been supportive of the team's moves in the area.
 
And so it begins.

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While I can't say I have any admiration for the current HJ building, I do hope that the replacement does include something in the HGI-HI Express (or even HI) range; with the loss of the Comm Ave hotel to BU a few years ago, reasonably-priced rooms close to the ballpark are in ever-shrinking supply. (Yes, I'm aware of the T... but my son uses a wheelchair, and "wheelchair" + "Green Line" is a less-than-ideal combination, especially if you don't get on a Type 8.)

Incidentally, for those who are interested there's an older postcard view of the HJ here.
 
That postcard is great. Motel postcards in particular were among the worst offenders when it came to artistic license, and this one doesn't disappoint! Love those groovy flattened out cars.
 
I want to buy the "Cocktail Lounge" sign. I wonder if they'll sell it.
 
Would be extremely disappointing to see Hong Kong not end up somewhere else. I've spent tens of thousands of dollars there haha.
 
Would be extremely disappointing to see Hong Kong not end up somewhere else. I've spent tens of thousands of dollars there haha.

Agreed haha...watched many playoff sox games there when all the other "normal" bars were at capacity.
 
The fence is up. The red. Suffolk. Fence. But no render on it.
 
I've heard it will be brought up to the street wall but the same basic structure will remain-although entirely redone. I think this is something that in the future will be built up but for now serves a good purpose and there is a lot of pipeline ahead of it. It will probably be here for 10 years until something else gets thrown up.
 
Don't mind me, I'm just moving my pics here since I forgot it existed...

February 14:

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March 18:

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