A Chicago developer is planning to build a 240-room hotel in Boston’s Downtown Crossing, one of several projects that will help revitalize the time-worn shopping district.
Oxford Capital Group plans to build the hotel on Temple Place, one of the small side streets in the so-called Ladder District that has attracted a rush of redevelopment proposals in recent months. The company purchased 59 Temple Place for $23.2 million earlier this year after a bidding war with more than 100 would-be buyers, and now intends to renovate the existing building.
City officials outlined Oxford’s hotel plan on Tuesday. The boutique hotel would have entrances on Washington Street and Temple Place. It is situated near three other major projects downtown—a 600-foot apartment and retail tower at the former Filene’s property; a condominium building across from the Ritz Carlton, and an apartment tower at the intersection of Chinatown and Downtown Crossing.
The city is also spending $13.2 million to rebuild streets and sidewalks in the area.
“There is excitement on every block in Downtown Crossing,” said Mayor Thomas M. Menino. “It is great to welcome Chicago-based Oxford Capital Group to the mix. The top notch hotel that they have planned will further this neighborhood’s remarkable energy and growth.”
In 2009, Oxford Capital made a splash in Chicago with the opening of the Hotel Felix, a 225-room boutique hotel with a restaurant, sleek lobby bar and spa.