Bohler

Interior Finishing Underway for Home 2 Suites At South Bay Interior finishing is well underway for the upcoming Home 2 Suites by Hilton at South Bay. Assistant Project Manager with Lee Kennedy Julie Toland, shared a few inside shots with BLDUP showing the project's progress. The hotel, set to open in May, will feature 130 guest rooms plus parking for 77 vehicles. Photos: Julie Toland @ Lee Kennedy

Allston Co-Living Project Approved Common Allbright, at 525 Lincoln Street in Allston has been approved by the BPDA. The co-living project will feature 80 units with a total of 280 bedrooms. The building will also include 1,250 square feet of ground-floor community space along with a 4,500 square foot courtyard and parking for 30 cars. To improve mobility for the residents and the neighborhood the project will also offer electric vehicle car-sharing and a $20 transit subsidy for residents. In response to questions from the board on how they will prevent the completed building from turning into an Airbnb the development team discussed 12-month lease requirements, subleasing bans, and a large on-site staff to monitor the property. 

CO Issued for New Luxury Car Dealership on Soldiers Field Road A temp. certificate of occupancy that allows for set-up and staff training has been issued for the new Alfa Romeo & Maserati Dealership at 1650 Soldiers Field Road. The new 27,000 square foot building will feature space for both sales and service and of course ample on-site parking.

Site Clear at 40 Rugg Road in Allston Demo has wrapped up and early-stage site work is underway for the upcoming 270,000+ square-foot project at 40 Rugg Road in Allston. The development will feature 2 buildings with a total of 265 apartments and 2,500 square feet of ground-floor retail space. Resident amenities at 40 Rugg Road will include a top-floor roof deck, lounge, and community gathering spaces and a fitness center. 

Early Stage Site Work Underway at 30 Penniman Road  Demolition is complete and early-stage site work is now underway at 30 Penniman Road in Allston. The upcoming project will feature 46 condos along with 2 artist live/workspaces on the ground floor. The 7-story building will also include a 42 car garage.   

Wood Framing Ongoing for The Abby in Quincy Wood framing is quickly rising for the first residential building at The Abby in North Quincy. Work also continues on the 1,314 space parking garage within the project that is set to be complete this coming summer. In total, The Abby will feature 610 luxury apartments and 50,000 square feet of retail space including a Target. Resident amenities will include a fitness center with active group fitness and studio areas, a solarium plus an outdoor pool deck. 

Construction Continues for Dual-Branded Seaport Hotel Construction continues for the upcoming dual-branded Hampton Inn & Homewood Suites coming to Boston's Seaport. The 14-story building will feature 411 rooms along with a 75 car parking garage and 3,500 square feet of retail space. Shared hotel amenities will include a fitness center, indoor pool, meeting space, and an on-site restaurant.   

Construction Ongoing for New Retail Space at Woburn Village Construction is ongoing for the first stages of the 23 acre Woburn Village development. Framing is complete for new retail spaces next to the Market Basket that will remain on the site. Along with the 175,000 square feet of retail, the project will also feature a new movie theater and restaurants plus a 350 unit apartment building being developed by AvalonBay. The residential building will offer numerous amenities including an on-site fitness center, clubroom, co-working space plus a pool and outdoor courtyards. 

Encore Boston Harbor Refinanced for $1.85 Billion The Encore Boston Harbor casino has been refinanced by Wynn Resorts for $1.85 billion via Deutsche Bank. Encore Boston Harbor is a 34-acre, 3 million square foot five-star casino that opened on June 23rd, 2019 along the Mystic River in Everett. Encore Boston Harbor features a 210,000 square foot gaming facility with approximately 3,200 slot machines and 160 gaming tables. A 24-story, 350-foot tall curved glass tower contains over 600 luxury hotel rooms with a standard room size of over 600 square feet.

FinanceBoston Arranges $6.515M Construction Loan for Medfield Meadows FinanceBoston has arranged senior construction financing for a 24-unit high-end townhome-style rental community in Medfield. The property benefits from its close proximity to the town center of this bedroom community. “This closing was completed by arranging a highly competitive construction loan for both infrastructure and vertical construction,“ said Doug Landry, Principal at Boston-based FinanceBoston. “I am excited to see the final product and know that my client will create a beautiful community here." Brian Rooney, Associate at FinanceBoston added, “We like that the deal incorporates a release for the 2nd phase of the development while also completing infrastructure for both phases." FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital markets solutions for acquisitions, developments and refinances. Founded in 2004, FinanceBoston has earned a loyal client base that continuously relies on the firm’s creative capital advisory solutions for both debt and equity needs.

Mark Development Wins Approval for Kenmore Square Hotel Major changes are in store for Kenmore Square as the BPDA has approved Mark Development's Kenmore Square hotel project. The distinct 29 story tower will feature 391 guest rooms along with a half-acre public plaza. As part of the project, a new public street to connect Commonwealth Avenue and Beacon Street will be built and other public realm improvements, around $15M worth in total, will be made to better improve pedestrian and bicyclist access.    

Cores Rising For for Hilton Garden Expansion in East Boston Concrete cores are rising for the expansion of the Hilton Garden Inn in East Boston. The upcoming 5-story addition will feature 84 new guest rooms. 25 parking spaces would be eliminated as part of the expansion, leaving a total of 321 on-site. Construction is expected to be complete sometime in 2020.