What's wrong with 62+ for housing? There is a tremendous amount of demand for retirement housing in metrowest. There is also a lack of hotel rooms in the immediate area.So the new hotel at the Natick Mall is going to be branded Residence Inn. They are almost done it looked like. Still don't know why they built a hotel although this is the same people who thought 62+ was a good idea for housing.
62+ is too old to think they will attract tenants. It needs to be 55+. Maybe Natick forced them to do 62+ but it's just going to end in failure. It's literally next door to a major employer too.What's wrong with 62+ for housing? There is a tremendous amount of demand for retirement housing in metrowest. There is also a lack of hotel rooms in the immediate area.
If you are not an investor in national development, I'm not sure what your beef is, or what you would have preferred there.62+ is too old to think they will attract tenants. It needs to be 55+. Maybe Natick forced them to do 62+ but it's just going to end in failure. It's literally next door to a major employer too.
And yes there's a need for more hotel rooms in Boston, but Natick isn't Boston. There isn't much of a hotel room shortage in the area.
Actually IIRC the Manguson is tearing down a portion of the hotel, I think the amount of rooms are being cut by a third at least. They blame the lack of major hotel branding (they are also rebranding as a Mariott) but it's really due to the lack of need of hotel rooms in the area. The ones you mention as well as the "fleabags" is plenty. They are using the space to add some more retail and to make the Mariott more appealing.As for the hotel, I don't know what #s you are looking at, or if you are simply being judgemental and anti-suburbia, but the demand is there, which is also why the Magnuson in Framingham is being rebuilt. Mathworks is hiring 1200 employees for their 2nd campus across the street. And you have TJX close by with 1000's of employees. There are not many options in the vicinity -Courtyard, Hampton & the Crowne Plaza. The rest are fleabags.
I'm having a hard time parsing whether the project is dead or just the request for financing... the article says they're still working on it at the end. Sounds like the council was being pressured by Union thugs to make the developer switch to Union labor and the developer told them to fuck off.-Thats unfortunate, this was a huge amount of apartments close to transit. Plus it would have rehabbed this massive abandoned building. Hopefully someone else scoops this one up..
Absolutely, its huge and has tons of potential. Plus its rotting away now so Id love to see it rehabbed.Is that building really worth rehabbing?
Are refits really more cost effective than tearing the building down and building a new one? I wonder this all the time when I look at a lot of Lawrence’s hollowed-out old mills.Mill refits are some of my favorite projects when done right, especially lofts. I think it is still on and the earlier news was just regarding a tax break. Although now with the virus who knows.