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178 W 1st St - Boston Seaport District Hotel Development 0.34 Acres of Commercial Land in South Boston, MA 02127

INVESTMENT HIGHLIGHTS
- Opportunity to Develop a 150-key Hotel in the Highly Desirable Boston Seaport District – Subject to the BPDA Small Project Review
- Declining Hotel Room Supply
- Across the Street from the Thomas M. Menino Convention & Exhibition Center (Formerly Boston Convention & Exhibition Center)
- Durable, Recovered Gateway Market with Diverse Demand Base
- Located Across from the Future Redevelopment of the 31-Acre Procter & Gamble Gillette Campus
EXECUTIVE SUMMARY
CBRE Hotels, as sole and exclusive advisor for the owner, has been retained to offer for sale the fee-simple interest in the 0.34-acre (14,368-SF) site at 178 W 1st Street (located on the corner of West First Street and B Street). The site presents a unique opportunity to develop a 150-key hotel (subject to BPDA Small Project Review) just one block from the future redevelopment of the 31-acre Procter & Gamble Gillette Campus, adjacent to CRISPR Therapeutics 183,500-SF office and State Street Investment Management's 501,650-SF office, and across the street from the Thomas M. Menino Convention & Exhibition Center (formerly called BCEC). The property is located in downtown Boston’s fast-growing Seaport District, and ideally located at the intersection of the Seaport, Fort Point and South Boston neighborhoods.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 0.34 AC |
| Lot Size | 0.34 AC |
DESCRIPTION
Ideally located site at 178 W 1st Street (on the corner of West First Street and B Street), the location is only one block from the future redevelopment of the 31-acre Procter & Gamble Gillette Campus, across the street from the Thomas M. Menino Convention & Exhibition Center (formerly called BCEC) in the Seaport District, and ideally situated at the intersection of the Seaport, Fort Point and South Boston neighborhoods. As re?ected in the aerial herein, the future 150-key hotel will be proximate to the neighborhood’s top tenants.
Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | SBOS-000000-000006-002782 | Improvements Assessment | $0 |
| Land Assessment | $299,000 | Total Assessment | $299,000 |
PROPERTY TAXES
Parcel Number
SBOS-000000-000006-002782
Land Assessment
$299,000
Improvements Assessment
$0
Total Assessment
$299,000
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178 W 1st St - Boston Seaport District Hotel Development
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