BOSTON-Boston-based Norwich Partners LLC is planning to construct an extended-stay hotel in the Fort Point Channel neighborhood. The developer wants to change an old building located at 368 Congress St. into a hotel, which contains 120 rooms and some stores.
Norwich Partners is purchasing the 110-year-old building from Berkeley Investments and the terms of the deal are not disclosed. The $45 million project awaits the Boston Redevelopment Authority's approval and the firm is expecting to start the construction work next year. For the full story, go to Boston Globe.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.