26 West Broadway Acquired for $25 Million
Corcoran Management Company has acquired the mixed-use development at 22-26 West Broadway in South Boston for $25 million.
26 West Broadway is one Red Line stop from South Station or a scenic 15-minute walk downtown via trendy Fort Point, home to several hip restaurants and art galleries as well as a number of tech startups. 26 West Broadway features one level of underground parking, as well as high-end condo-grade finishes and specs throughout. The building places a strong emphasis upon communal space, including a library, a wet bar, a courtyard with a grilling area and a roof deck.
Developer of proposed South Boston boutique hotel acquires adjacent parcel for $3.5 million
Evergreen Property Group, developer of the recently proposed eight-story, 159-room boutique hotel at 248 Dorchester Avenue in South Boston and owner of the 0.5-acre parcel, has purchased the adjacent 0.22-acre property, 220 Dorchester Avenue, for $3.5 million. 220 Dorchester Avenue is currently home to a one-story, 2,170-square-foot building with surface parking occupied by Doughboy Donuts. Evergreen Property Group has not yet disclosed development plans for 220 Dorchester Avenue. A number of mixed-use developments are currently underway near 220 Dorchester Avenue, including The Ceinture, a proposed six-story, 54-condominium luxury residential development located across from the site.
Renderings revealed of proposed South Boston boutique hotel near Broadway Station
Renderings of a proposed eight-story boutique hotel at 248 Dorchester Avenue in South Boston, located steps from Broadway Station, have been revealed. The hotel would feature a main six-story section containing 159 rooms and ground-floor retail space, topped off by two set-back stories containing amenities including event space and a publicly accessible restaurant/lounge connected to an outdoor rooftop deck with a swimming pool. The latest renderings of the hotel are posted above.
Construction of the hotel, which replaces proponent Evergreen Property Group’s approved plans for a 33-unit residential building with 4,440 square feet of ground-floor retail at 248 Dorchester Avenue, is anticipated to commence in the fourth quarter of 2018, with completion anticipated in the third quarter of 2020. The proponent has filed plans for the proposed hotel with the Boston Planning & Development Agency (BPDA), who is now reviewing the project.
New eight-story hotel proposed at site of approved South Boston residential development
Developer Evergreen Property Group proposes to construct a new eight-story, 159-room boutique hotel at 248 Dorchester Avenue in South Boston, the site of an approved six-story, 33-unit residential building the developer had previously planned to construct. The new hotel would contain 86,000 square feet of space, in contrast to the residential building’s 43,650; the hotel, like the residential building, would also feature ground-floor retail.
Evergreen reportedly was prompted to change its’ project plans by the Boston Planning & Development Agency (BPDA)’s South Boston Dorchester Avenue Planning Initiative, whose revised zoning allows for additional density and height along Dorchester Avenue, as well as market trends and community input. “The proposed project will provide a distinct hospitality use at a design-forward development that better activates the street frontage along Dorchester Avenue,” said Evergreen Attorney Joseph Hanley in a prepared statement.
An Enterprise Rent-A-Car location is currently located at the proposed project site. Evergreen has filed a Letter of Intent (LOI) to construct the hotel with the BPDA, who is now reviewing the project. A rendering of the approved residential building is posted above; renderings of the proposed hotel have not yet been revealed.
Construction on 26 West Broadway is almost complete, and the building is currently leasing units. Check out the project's elegant new website at http://www.26westbroadway.com/#intro. Also, last month a hip new restaurant, Moonshine 152, opened just down Dorchester Avenue from 26 West Broadway. Open until 2AM to raving reviews, Moonshine 152 plays a key role in Boston's growing late night scene.