Raffles Boston (40 Trinity Place) | 426 Stuart Street | Back Bay

TomOfBoston said:
Room cleaners (chambermaids) start at $28/hour plus tips. Also hotels are taxed to the hilt by the city. That's Boston!
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I question if that hourly wage is true. However, $28 an hour will not buy a house in a city with a median home price of $650,000. How very Republican of you, blame the working person for price of luxury hotel rooms, that's Trumpville, PA!
 
Scott said:
I question if that hourly wage is true. However, $28 an hour will not buy a house in a city with a median home price of $650,000. How very Republican of you, blame the working person for price of luxury hotel rooms, that's Trumpville, PA!
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If we want hotel room cleaners to be able to purchase a house in Boston on a single hourly salary we're going to need to build a lot more houses... There simply aren't enough houses to make that anywhere close to possible.

Hotel rooms and houses are both expensive in Boston because demand is high and supply is low. It really is that simple.
 
Scott said:
I question if that hourly wage is true. However, $28 an hour will not buy a house in a city with a median home price of $650,000. How very Republican of you, blame the working person for price of luxury hotel rooms, that's Trumpville, PA!
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“How Republican of you”....so funny
 
JumboBuc said:
Hotel rooms and houses are both expensive in Boston because demand is high and supply is low. It really is that simple.
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Correct, it is supply and demand in a booming land poor city, not the modest hourly wage of the "chambermaid." Expensive houses and hotel rooms is a First World problem caused by the city's success. The fact that this development requires a handsome old school office building to be torn down can also be attributed to the previously mentioned forces
 
I paid $400 a night for 3 nights. Plus reasonable meals (i.e., no blowouts at Del Frisco's), my trip cost around $1500, not including travel to Boston.

I really do not consider that balance. If I was a family looking for a place to vacation, I would take my $400 a night and go elsewhere.

Tells me that there is far more demand than supply. Especially with all the pharma expansion going on in Cantabrigia.
 
I was able to get $109 a night in the seaport a few months ago.

Thanks Priceline express deals!
 
Looks like Raffles is getting a new neighbor...

The first YWCA in the U.S. considers sale of longtime home in Back Bay
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FAA Map says up to 920' limit here. I yearn for a 900' adaptation of Landlease/Hudson's Winthrop Square proposal built on this site while preserving the YWCA facade as a base. Hancock Tower immediately to the north helps in a big way to mitigate for shadow impacts of a potential tallest tower here.

And as an office use, I cannot think of better HQ consolidation site for Wayfair.

Landlease proposal for reference:
rRKPpfJ.jpg
 
Deserves its own thread, though, if they're only just considering it I wouldn't expect activity for another 2 to 3 years.
 
dshoost88 said:
Looks like Raffles is getting a new neighbor...



FAA Map says up to 920' limit here. I yearn for a 900' adaptation of Landlease/Hudson's Winthrop Square proposal built on this site while preserving the YWCA facade as a base. Hancock Tower immediately to the north helps in a big way to mitigate for shadow impacts of a potential tallest tower here.

And as an office use, I cannot think of better HQ consolidation site for Wayfair.

Landlease proposal for reference:
rRKPpfJ.jpg
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Now is this design chose for this parcel/site? If so, do we have any information on the height/use of the building? Great looking unique building! I am really liking this design!
 
Now is this design chose for this parcel/site? If so, do we have any information on the height/use of the building? Great looking unique building! I am really liking this design!
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No, it was one of the proposed designs for Winthrop Square. Previous poster was wish-casting. It's not an officially proposed tower.
 
meddlepal said:
Deserves its own thread, though, if they're only just considering it I wouldn't expect activity for another 2 to 3 years.
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Maybe try 30.

YW officials and the building’s management company this week have been notifying tenants of the planned sale. They say it’s too early to know what a new owner might want to do with the property. The affordable housing, Chandler said, will stay in place for about another 30 years, under the terms of its financing. Other tenants have leases that will need to be honored in any sale, she said.
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https://www.bostonglobe.com/busines...ay-building/YnqvJitZPV1vObg6FAMPYN/story.html

Affordable units are about two thirds of the units in the building.
 
^^^ + Historical status + shadow laws + general NIMBYism = no 700 footer here

In the short term, its potential for wholesale redevelopment is limited by the affordable apartments and long-term leases with some commercial tenants. Also, the building is listed on the National Register of Historic Places, making major exterior changes less likely.
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https://www.bostonglobe.com/busines...ay-building/YnqvJitZPV1vObg6FAMPYN/story.html

BTW..don't know if this has been posted yet. But, it looks like Raffles Residences at least have a website with a '"priority waiting list" aimed at potential residents.
https://rafflesresidencesboston.com/
 
So I am the only sensible one that hopes nothing happens to this building?
 
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