|NEEDHAM, MA – The wood framing is complete for the new 128-room Residence Inn by Marriott hotel in Needham, located at the intersection of First Avenue and B Street in the New England Business Center office park. Pro Con Inc of Manchester is the architect and construction manager for the $13.5 million design build hospitality project, which is owned by SXC Needham Inn, LLC. The hotel, which is being developed by Waterford Development Corporation of Needham, is part of a redevelopment plan by Normandy Real Estate Partners that includes four new office buildings, the hotel and two parking garages to be built in the business park over the next few years.|
“The wood framing and the roof decking are complete and the window installation is underway in the guest rooms,” stated the project manager for XSS Hotels LLC. “The interior framing is complete on the first floor and the mechanicals are on-going. We expect the hotel to be weather tight by the end of February.”
The building’s first floor will house the hotel’s lobby and reception, common areas and conference rooms. Floors 2 thru 5 will house the hotel’s guest rooms. The hotel will offer 116 urban studios, 8 one-bedroom suites, and 4 two-bedroom suites, with a large hearth room, bar and lounge area, breakfast room, indoor pool & fitness room, two flexible space meeting rooms, business center and guest laundry area. Plans call for the hotel to have covered parking for 22 vehicles and surface parking for 80 vehicles. The hotel, which is conveniently located off of Route 128, will serve both business and leisure travelers.
The 89,740-sf Residence Inn, which is designed for the extended stay traveler, will offer complimentary continental breakfast, evening social hours and each suite will have separate working, lounging, and sleeping areas. Each room will also have a fully equipped kitchen with granite counter tops, microwave, stove, refrigerator, dishwasher and coffee maker.
Pro Con Inc has designed the Needham Residence Inn to achieve LEED certification. The hotel will use regional and recycled materials in construction and incorporate environmentally friendly design elements such as a white roof, over-sized windows, low-flow, water-efficient plumbing fixtures and LED lighting throughout the development.
The exterior design will feature precast concrete blocks, brick veneer, insulated metal paneling and cornice molding. The hotel’s main entrance will feature a canopy with metal panels and double sliding glass doors. Construction on the site began in August 2012. The hotel is scheduled to be completed in June 2013.
Normandy Real Estate Partners is a leading real estate operator and investment manager headquartered in Morristown, NJ with offices in Boston, New York City, Los Angeles and Washington, D.C. Normandy currently manages a series of discretionary real estate funds totaling approximately $1.5 billion of equity commitments. Normandy’s existing portfolio includes over 15 million square feet of commercial assets, four hotels and numerous land development sites. Normandy targets value added real estate investments in the gateway markets of Boston, Metro New York City, Los Angeles, San Francisco, and Washington, D.C. where opportunities exist to enhance value through creative repositioning, financial restructuring, intensive management, and capital improvements. For more information visit www.normandyrealty.com
Waterford Development Corporation was formed as the development division of The Waterford Companies in 1995, and has developed over $200 million of real estate over the last 10 years. Waterford Development Corporation has combined the unique ability to design, develop, finance and lease both large and small commercial and residential properties