Banker & Tradesman | By Steve Adams
October 3, 2016
A long-stalled hotel and apartment development on a Massport-owned parcel in Boston’s Seaport District has a new development team and proposed redesign that calls for 46 additional guest rooms and fewer parking spaces.
Stoughton-based Conroy Development has agreed to sell the development rights for the 2.4-acre parcel K to PPC Land Ventures Inc. and Lincoln Property Co., according to documents filed with the Boston Planning & Development Agency. Conroy had been designated as the developer of the site across from the Blue Hills Bank Pavilion in 2009.
Revised plans would increase the guest room count to 293 by shrinking room sizes, and decrease the underground parking garage from three levels to one.
Lincoln Property’s John Miller told Banker & Tradesman last month the company is considering either a limited-service or 4-star hotel format.