Friday, October 4, 2019

$400M+ Raffles Hotel & Condos to Rise in Back Bay

A huge 33-story, $400 million+ Raffles Hotel and Residences will soon begin to rise at 40 Trinity Place in Back Bay. 

The Saunders Hotel Group and the Noannet Group landed a $314 million construction loan in July.

The 154-room Raffles Hotel and 146 Raffles Condominiums will replace the current Boston Common Hotel & Conference Center, an eight-story, 85,000-square-foot building featuring 64 hotel rooms and a 13,650-square-foot conference facility.

The new tower is planned to rise 33 stories, and will also include restaurant and retail space as well as expansion space for the adjacent University Club. 

Amenities will include a two-story sky lobby perched high above Copley Square, six food and beverage venues, a state-of-the-art Raffles Spa with a 20-meter indoor pool and fitness club, conference rooms, a grand ballroom, and a rooftop garden terrace and lounge.

The project will provide over $22 million in public benefits in total, including street and public realm improvements, seven on-site affordable housing units and a contribution of over $13 million that will support additional affordable housing in Boston.

The hotel will be the first mixed-use property in North America for the world-renowned and iconic hospitality brand, and is expected to thematically reflect Boston—as other Raffles hotels in places such as Paris, Singapore, and the Seychelles reflect their locales.

The tower—officially named Raffles Boston Back Bay Hotel & Residences— will be built to LEED Gold sustainability specifications and is scheduled to open in 2022.