What’s in the Works?

NATIONAL REPORT—Hotel developments are underway. City locations, mixed-use developments, adaptive-reuse projects and glamping destinations are all part of the mix:

New Hotel Moves Forward in Tribeca
CBCS Washington Street LP (CBCS) has revealed that bankruptcy proceedings have been concluded in the Southern District of New York with the Bankruptcy Court confirming CBCS’s chapter 11 plan of reorganization and authorizing new debt and equity financing to be put in place to facilitate its efforts to complete construction for a project to be located at 456 Greenwich St. in Tribeca. A 96-room luxury hotel is being developed for the international hotel brand, Le Fouquet’s, managed by France’s operator Groupe Lucien Barriere. Teneo Capital served as investment banker and financial advisor to the partnership and provided a feasibility opinion as a foundation for the plan. Site preparation and foundation work is nearing completion, and New York construction manager, AECOM Tishman, has been engaged to build the development, with a completion date scheduled for 2022.

CitizenM Plans for Boston Back Bay Location
CitizenM has plans to launch a new hotel in Boston’s Back Bay neighborhood. The hotel will be part of the new Samuels & Associates-led mixed-use development Parcel 12, located at the intersection of Massachusetts Ave. and Newbury St. The project will include separate office and hotel buildings, which will both be situated above a retail podium adjacent to a new public plaza located over the Massachusetts Tpke. CitizenM Boston Back Bay hotel’s interiors will be designed by the Amsterdam-based firm Concrete in conjunction with Boston’s Elkus Manfredi, the master architect of the mixed-use complex. The hotel is targeting LEED Gold certification.

Study Hotels to Expand to Baltimore, MD
Study Hotels will continue its growth into university markets with its fourth property, The Study at Johns Hopkins, scheduled to open the third quarter of 2021. The plan for adaptive-reuse will transform the existing Blackstone Apartments in the 115-room hotel at the main gate of Johns Hopkins University’s Homewood Campus. The hotel will have 2,500 sq. ft. of conference space, a regionally inspired restaurant/bar, and rooms equipped with amenities like leather reading chairs and expansive work desks. The hotel’s living room will have a supply of books written by Johns Hopkins University authors and scholars, museum cases and artwork.

Outdoor Resort Moves into Maine
A new type of outdoor-luxe experience is coming to the Acadia National Park area in summer 2020 with the opening of Terramor Outdoor Resort in Bar Harbor, ME, a glamping resort located on the west side of Mount Desert Island. The 60-acre property will have 64 luxury canvas tents set among the trees and oriented around a lodge with a bar and restaurant, store and equipment rentals. The property will also have a nature-inspired pool and outdoor recreation areas. Terramor Outdoor Resort is a new venture by Kampgrounds of America Inc., an organization of private campgrounds.

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