Massachusetts Convention Center Authority (MCCA) has awarded Commonwealth Ventures, Starwood Hotels and Jones Lang LaSalle a new hotel development project across from the Boston Convention & Exhibition Center in Boston’s Seaport District. The project will bring 510 mid-priced rooms to the district and will be an integral part in the transformation of the D Street corridor that connects South Boston to the waterfront.
Jones Lang LaSalle’s Eamon O’Marah will serve as development advisor for the $135 million dollar development in partnership with Commonwealth Ventures. The new development will consist of Starwood 330‐room Aloft and 180‐room Element hotels, 26,300 square feet of ground-floor retail and a 1,350 car garage. The hotels are expected to open in 2015 with ground breaking by the end of 2013. Commonwealth Venture’s Richard Galvin said “We brought in Jones Lang LaSalle as a development partner for their hotel expertise. The number one job of a developer is to build a great team and we’ve done that.”
According to the Boston Redevelopment Authority, the project will create approximately 370 construction jobs, 175 permanent jobs, and generate $6.5 million of new tax revenue annually. As only 1,700 hotel rooms are within walking distance to the Boston Convention Center, the MCCA hotel development will accommodate the increased demand for tourism lodging in the Seaport District.