$30 Million Boutique Hotel Planned for Bulfinch Triangle
- Sep 22, 2014
A 3,600-square-foot lot that used to house a Bank of America branch in Boston’s growing Bulfinch Triangle Historic District will be replaced by a boutique hotel developed by Woburn-based Somnath Hospitality LLC.
The one-level former bank building is located at 104 Canal Street near TD Garden, Faneuil Hall and Massachusetts General Hospital and, according to information from real estate website PropertyShark, was purchased by Somnath for $3 million in January this year.
According to the Project Notification Form that was recently submitted for review, the 95-year-old structure will be completely razed. At 47,335 square feet, the new luxury building will rise 15 stories above ground and include up to 100 rooms and six two-story penthouse suites, as well as an additional story below grade and a mechanical penthouse that will occupy a portion of the roof level. As for parking amenities, the developer hopes to reach agreements with nearby facilities’ owners since the construction site is too small to accommodate a garage and is located in a
pedestrian- and transit-friendly area, close to the MBTA North Station.
Designed by Boston-based architecture firm ADD Inc., the boutique hotel is expected to consolidate Canal Street’s role as the most densely populated axis through the Bulfinch Triangle District, which includes a variety of historically significant structures.
The Boston Herald reports that Somnath, which owns and manages a Hampton Inn in Cambridge and a Comfort Inn in Woburn, will invest $30 million to develop the luxury hotel.
Renderings via the Boston Redevelopment Authority