There is yet another future development slated for Boston's real estate market, this time in the ever so popular Back Bay neighborhood. They say a prosperous sight for a city is one filled with construction cranes, and this indeed is starting to be the case throughout all of The Greater Boston Area. What is soon to be built is a $225 Million facility that will house World-class restaurants, additional underground parking as well as 142 condominium units and 220 hotel rooms.
Located at 40 Trinity Place, the project is backed by Jordan Warshaw, Gary Saunders, and Jeffrey Saunders of the Trinity Stuart LLC, a venture that includes principals of the Saunders Hotel Group. Suffolk Construction will oversee the project while The Architectural Team in Chelsea and the New York firm known as Stonehill & Taylor Architects will also be involved with its design. The building will have 33-storys and will be below the legal height limit for this location which is pegged at 125 feet. Currently, there is an 8-story building, The Boston Common Hotel, which Trinity Stuart LLC purchased for $22.5 Million back in 2011 which will soon be knocked down.
This is not the first project this group of professionals has been involved with in Boston. These individuals actually were the ones responsible with managing the development of the Back Bay Hotel and Atelier/505, while the Saunders Hotel Group still own and operate The Lenox Hotel since 1963, as well as the Boston Park Plaza Hotel and the Copley Square Hotel. The beginning of this much anticipated construction will begin in 2013 and will give Boston yet another first-class hotel and luxury condominium building. This proper, experienced and dedicated management teams track record speaks for itself and proves that they ultimately will deliver on their promises and have this development tremendously add value to the city.
More Information: Boston Business Journal