dirtywater
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According to Banker & Tradesman, a letter of intent was filed with the BRA yesterday for a new 17-story hotel in Chinatown:
A New York developer is proposing a 17-story, limited-service hotel at in Boston’s Chinatown neighborhood.
The site has served a mix of industrial and retail uses in the past, according to a letter of intent submitted to the Boston Redevelopment Authority on Oct. 6 by attorney John Rattigan Jr. of DLA Piper LLP.
The applicant is an affiliate of San Francisco-based Westbrook Partners, a privately owned investment company. The proposal for 225 rooms at 73 Essex St. will be subject to a large project review by the BRA.
Westbrook has deployed approximately $10 billion toward $40 billion in real estate transactions, according to its web site. It’s bidding on 47 Hall St., an industrial property in Brooklyn, New York valued at more than $300 million, according to the Real Deal, a New York real estate web site.