BOSTON-City Hall gave final approval for a hotel and retail complex in this city’s theater district. Shubert Enterprises and Loews Hotels are developing the hotel, which would replace a parking lot and will be located here on Stuart Street next to the Shubert Theater.

The $150 million project, which will total 350,080-sf, will include a 390-room luxury hotel, a 3,500-sf lobby, a 4,000-sf restaurant and a 121-car underground garage. Ground floor retail will be developed on Stuart Street as well as a structure of 30,580 sf that will be utilized as Emerson College’s Development Center.

In a released statement, City Mayor Thomas M. Menino says, “The new space designed for Emerson College’s Development Center will free up their current theater space and allow non-profit cultural organizations to host an additional eight weeks of performances annually, which will be very important for Boston’s performance artists.” The Performance Center will replicate Emerson’s Majestic Theatre stage.

Currently, Emerson’s Majestic Theatre stage is used for both rehearsals and performances. The new Performance Center will be used for rehearsals so that the Majestic Theatre can entertain more public performances.

According to the statement, the project will provide the city with over $1.3 million in housing linkage and over $250,000 in jobs linkage payment. Developers anticipate breaking ground this coming fall.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.