W Hotel | 100 Stuart St | Theater District

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Re: W Hotel

4752681762_66ca595a38_b.jpg
 
Re: W Hotel

iam lOOkin out window now. AAnd. Seein LOTS of the emptier rooms at this W
 
Re: W Hotel

vanshnookenraggen said:
Yeah, has anyone been to the bar in this place?
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I walked through the bar on the way to the restaurant. It looked good, sort of flows into the restaurant, into the lobby, and with the big windows almost out onto the street. Very modern furnishings, but also kind of cold. The restaurant is the same way. Although the food was fantastic, I felt a bit like I was eating on the set for Bladerunner.
 
Re: W Hotel

Ladies and Gentlemen, for your viewing enjoyment, here's a look at the building Sawyer Enterprises put up as collateral on their $10.5 million loan from City of Boston / Thomas M Menino.

131 Arlington Street

131_arlington.jpg
 
Re: W Hotel

Look on thr bright side, they might lose control of that building and 2 nearby parking lots. He's some new about one of the Jamaica Plain parking lots they owned:

Parking lot business buys parking lot
By David Taber April 2, 2010


FOREST HILLS?LAZ Parking, a national parking lot management company with roots in Boston, has purchased the Fitzgerald parking lot, Jeffrey Karp of LAZ told the Gazette last week.

The near 2-acre parking lot across from the Forest Hills T Station was formerly owned by FitzInn Parking Systems and was in foreclosure.

It was the only privately owned property considered during a multi-year community planning process for the area that ended last year. That process, the Forest Hills Improvement Initiative (FHII), resulted in Use and Design guidelines for six parcels, most of them owned by the MBTA. Only the two smallest parcels have since been picked up by developers. [See related article.]

LAZ plans to continue to manage the site, across the street from the Forest Hills T Station on the Forest Hills Cemetery side, as a parking lot, said Karp, a company co-founder and head of its Boston division.

Parking is the company?s ?core competency,? he said. While LAZ has worked as a consultant on development projects involving parking, the company does not itself do development work, Karp said.

A bank auction of the property was originally scheduled for Jan. 28 and had been postponed at least twice before LAZ purchased the land in March.

According to documents from the Suffolk County Registry of Deeds, LAZ purchased the lot, along with a lot on Commercial Street in Boston and another in Medford, Mass., for around $6 million. LAZ is taking over mortgages FitzInn took out on the lots, and most of that pricetag is in assumed debt.

Karp said LAZ was founded in 1981 in Boston and Connecticut
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http://jamaicaplaingazette.com/node/4002
 
Re: W Hotel

JohnAKeith said:
Ladies and Gentlemen, for your viewing enjoyment, here's a look at the building Sawyer Enterprises put up as collateral on their $10.5 million loan from City of Boston / Thomas M Menino.

131 Arlington Street

131_arlington.jpg
Click to expand...


Ouch............ I wouldn't give them 800K for that POS.
 
Re: W Hotel

^^
PaulC, the JP lots bought by LAZ were owned by FitzInn (Kevin Fitzgerald), not Sawyer Enterprises - different owner entirely.
 
Re: W Hotel

still nice to get this these propeties out of the hands of parking lot owners
 
Re: W Hotel

PaulC said:
still nice to get this these propeties out of the hands of parking lot owners
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And into the hands of one of the biggest parking lot owners in the city: the city itself.
 
Re: W Hotel

Can somebody pull the full article to this on Banker & Tradesman?


Going, Going??
Boston?s W Residences May Be Inching To Auction
Bankruptcy, Prudential?s Foreclosure Threat Spooking Buyers


By Colleen M. Sullivan

Banker & Tradesman Staff Writer
10/25/10

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The crisp, clear autumn air recently felt in Boston appropriately echoes the crisp, clear sound of the auctioneer's gavel - perhaps too much so for one struggling city condominium development.


gavel - perhaps too much so for one struggling city condominium development.

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This content is available to subscribers only
 
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