Boylston Properties Adds Hotel to Arsenal Yards

| April 21, 2017

Watertown, MA – Boylston Properties, now creating a new, mixed-use Arsenal Yards with retail, restaurants, residences, and entertainment space, recently announced that a Hampton Inn and Suites by Hilton will be included in the redevelopment.

Boylston Properties, along with The Wilder Companies and partners, hopes to begin construction later this year on the property that will bring retail, residential, dining, and entertainment venues to the area, while also providing more green space, bike paths, and outdoor gathering areas for the community.

The architects for the new hotel will be a collaboration of Prellwitz Chilinski Associates and Group One Partners. The hotel and garage will be in the first phase of the redevelopment project, along with half of the planned retail and restaurants, with the hotel opening in spring 2019.


The new facility will have approximately 145 rooms, with retail space on the first floor. It is planned for the northwest corner of the property, along Arsenal Street and adjacent to a parking garage.

Planning of the new community was undertaken over the last two years with extensive involvement of the Watertown community, as well as city agencies and officials. Handsome historic portions of the original manufacturing complex will be retained, with creative architectural additions, respectful restoration, and sustainability as priorities. Arsenal Yards will be welcoming and highly accessible for bicyclists and pedestrians and have sheltered parking for those who drive or live there.

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“In the process of planning Arsenal Yards, we realized the opportunity to round out the hotel market in this area while providing another dynamic use to the Arsenal Yards project that will create more activity and vitality to the project as a whole,” said William McQuillan, Principal of Boylston Properties. “We think a hotel is an ideal addition to our plans.

 Phil Cordell, Global Head for Focused Service and Hampton Brand Management, said, “We look forward to being a part of this exciting and energizing retail, entertainment, apartment and hotel development in Watertown that will surely impress and attract locals and visitors. We cannot wait to welcome guests to the brand new Hampton Inn and Suites and continue to grow our portfolio in the Boston area.”

Steve Magoon, Assistant Town Manager and Community Development and Planning Director of Watertown, said, “A hotel is a potentially exciting addition to the project and brings even more diversity to it. The Marriott was a great addition and has demonstrated the need or demand for new rooms. We hope the addition of another hotel will be just as successful and great an addition to the community.”

Mark Sideris, President of the Watertown Town Council, said, “This is a very appropriate place for a hotel, and I’m happy it’s coming to this area. It’s an avenue to help drive economic development and a great opportunity for Watertown to be welcoming and have places for people to stay.”

The hotel will be owned by a new joint venture that is an affiliate of Boylston Properties and Stonebridge Partners, the team that also developed and owns the Marriott Residence Inn on Arsenal Street.  The new hotel will also be managed by Stonebridge Partners.

 

The completed project, over phases, will contribute significantly to Watertown’s tax base, approximately doubling the tax revenue from the current amount paid to the city.

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Category: All, Mixed-use