The development team behind a 212-room Hilton-branded hotel planned at 111 North Street near the Rose Fitzgerald Kennedy Greenway has started construction on the project.
A joint venture between CV Properties, Harbinger Development, and Olshan Properties expects to wrap the $125 million building by the middle of 2021. Olshan will operate it as a Canopy by Hilton, a brand that the hospitality colossus launched only last year with a Washington, D.C., development.
Canopy by Hiltons are supposed to be more integrated into their surrounding neighborhoods than other hotels from the company. So that might mean on-site communal events as well as tastings that nearby businesses lead. The 111 North site straddles Boston Haymarket area and the city’s oh-so-historic North End, so it seems a solid location for that approach.
“We are confident that this development will become an integral part of the historic Blackstone Street block and the nearby North End as a result of its incredible location along the vibrant Greenway circuit,” Olshan CEO Andrea Olshan said in a November 15 statement announcing that construction had started.
Aside from the hotel, the project is also due to include 12,711 square feet of retail and restaurant space. There will be a 2,000-square-foot bar and restaurant, too, with views of the Greenway and a glass wall that retracts.
The Canopy by Hilton will join a slew of planned or underway hotel projects in Boston, never mind development, period, along the Greenway. Developer Boston Residential Group plans to replace a surface parking lot at 55 India Street with a 12-story, 29-unit condo.
As for other hotels, those include a newly opened one near South Boston’s Broadway Red Line stop, a Raffles-brand hotel in Back Bay, an expanded Onyx hotel in downtown, a possible Club Quarters (also in Back Bay), a citizenM hotel near TD Garden, and a new boutique right by Fenway Park.
What’s driving the mini-hospitality boom? Boston’s high occupancy and nightly rates—some of the highest in the United States—probably have something to do with it as does the fact that the city’s hotels tend to sell for quite a bit when owners and investors decide to check out.