News

Watertown’s Arsenal Yards to start opening in late 2019

January 2019

The $400 million redevelopment of Arsenal Mall in Watertown’s East End is expected to start opening in late 2019, according to developers Boylston Properties and Wilder.

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Bill MCQUILLAN SPEAKS TO BANKER & TRADESMAN ON ARSENAL YARDS RECONNECTING WITH WATERTOWN HISTORY

October 2018

By 2020, Watertown’s Arsenal Yards will be thriving new neighborhood comprised of over more than 1 million square feet of development. The heart and soul of Arsenal Yards is a connection to its heritage and a commitment to its future. Intertwining the past and the present, Arsenal Yards will re-expose the two original Arsenal buildings and create a truly unique neighborhood street environment.

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Arsenal Yards Announces Shake Shack Is Moving To The Neighborhood

October 2018

Danny Meyer’s Critically Acclaimed Shake Shack Joins Boston’s Next Great Neighborhood

Boylston Properties and The Wilder Companies proudly announced today that Shake Shack will join Arsenal Yards. Known as a cult-favorite around the world, Shake Shack is a critically acclaimed, modern-day burger stand praised for its delicious food, including premium burgers, chicken sandwiches, flat-top dogs, frozen custard shakes and crinkle cut fries.

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Summit Hotel Properties Acquires Residence Inn by Marriott Boston/Watertown

October 2018

Summit Hotel Properties, a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry, purchased Residence Inn by Marriott Boston/Watertown from Boylston Properties for $71.0 million, or approximately $473,000 per key.  As of October 1, 2018, Summit Hotel Properties’ portfolio consisted of 77 hotels with a total of 11,659 guestrooms located in 26 states.

 

Located in the emerging submarket of Watertown near Cambridge, along the Charles River in Boston and adjacent to the new mixed-use development known as Arsenal Yards, the Residence Inn by Marriott Boston Watertown is uniquely positioned to capture business from a large and diverse demand base.  Prestigious universities such as HarvardMITBoston UniversityBoston College, and Tufts University are within a few miles of the hotel and Kendall SquareBoston’s premier tech hub and home to tech giants Microsoft, Facebook, Google, and Amazon as well as small startups and biotech companies, are in close proximity as well. In addition, the hotel’s location, approximately six miles from downtown Boston, will allow the hotel to garner demand from one of the nation’s strongest convention markets.

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