73-79 Essex Street Update 04/04/18

Oxford Properties Group $15 million Ground Lease


New York-based, Westbrook Partners, has agreed to a ground lease of their property at 73-79 Essex Street, Boston, MA. The $15 million lease has been granted to Essex Street Owner, LLC, a business entity of the Oxford Properties Group. Currently proposed is new-construction of a 17-story hotel building containing approximately 250 guest rooms. Amenities would include a fitness room, meeting rooms, a lounge and food service. The building would be located on an 8,095 square foot site; an existing 8-story building would be demolished.

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