Oxford Properties Group $15 million Ground LeaseNew 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.
Chinatown could get a new 250-room hotelDevelopers Marty McInnis and Reid Joseph of ESXMA 72GL Owner, LLC propose to demolish an existing eight-story building at 73-79 Essex Street in Chinatown and construct a new 17-story hotel with approximately 250 guest rooms. The developers hope to start construction of the proposed hotel, designed by Group One Partners, in the third quarter of 2017; construction would take approximately 24 months.A project notification form for the proposed hotel at 73-79 Essex Street was filed with the Boston Redevelopment Authority on April 21st, 2016. More information about the proposed hotel is posted below.
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