It was just over a year and a half ago that 100 Stuart Street was a large hole, the soon to be site of the Boston W Hotel & Condos (see Boston W Hotel & Condos Construction Photos). Previously an open-air single-level parking lot that served Boston’s Theatre District, the site had been slated for the development of a hotel and luxury condos for years – the Boston Redevelopment Authority (BRA) originally approved the proposed hotel in June of 2001, then known as the Loews Hotel Project.
It was less than a year later on October 24, 2008 that the W Boston put the final piece of steel in place and the development “topped off”. The development is now quickly approaching the October 2009 launch of the hotel, and Buyers are anticipating the opening of condos late this year and early 2010 in the multiple-phased rollout of luxury condos. The Boston W is a $200 million mixed-use project, which includes a 235-room hotel, 123 residential condos, retail, restaurant and spa use, and 142 underground parking spaces. Condos at the W are currently price from $430,000 – $4,550,000.
142 parking spaces? That does not make much sense as there’s 123 condos, that leaves 19 spaces left if we give each condo 1 lousy spot. I’m guessing they wont, considering they need to park the 235 potential cars from hotel guests and they’ll put those in priority.
Why build such a small parking lot? My interest in buying a condo here is certainly tempered by this…