Date: January 2020
Location: Kenmore Square/Commonwealth Avenue, Boston, Mass. USA
No. of Keys: 391
Seller: The existing site is the Citizens Bank branch at 560-574 Commonwealth Avenue, with plans to shift the building site to the east, and to build a 391-room, 29-story hotel.
Buyer: Mark Development has proposed demolishing the existing building to make a 391-room, 29-story. Consulting firm Speck & Associates advised on the project’s urban design, while Stantec handled transportation planning. Chicago-based Studio Gang is the project’s architect, and Cambridge’s Reed Hilderbrand is the landscape architect.
The Boston Planning and Development Agency last week approved Mark Development’s proposed 29-story Kenmore Square hotel, a project that will involve creating new traffic patterns and street-scapes around the hotel and a newly constructed half-acre public plaza.
“By shifting the project site to create new streetways, the ‘square’ will return to Kenmore Square and pedestrians, bicyclists and vehicles alike will have a safer experience,” Mark Development’s Damien Chaviano said in a statement. “With an approximately 391-room hotel anchored by a new, approximately half-acre public plaza, Kenmore Square will have a new public gathering and meeting space, as well as a ground floor and rooftop restaurants that befits its location near some of the region’s most dynamic entertainment attractions, higher education institutions and neighbourhoods.”
It’s the latest project to reshape the Fenway neighborhood, joining Related Beal’s mixed-use development beneath the Citgo sign, John Rosenthal’s Fenway Center project and the Red Sox’ Fenway Theater music venue.
THPT Comment: Mark Development is a well-versed Mixed Use and Retail developer, operating primarily on the USA’s east coast. This appears to be their first venture into hotels.
First Seen: Biz Journal
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