Boston’s Hotel Alexandra for Sale Again

Hotel Alexandra

Like that classic 90s jam by Portrait, here we go again. Boston’s Hotel Alexandra is up for sale.

As I mentioned in my post back in 2019, I’ve been following this property for decades. Whenever the lottery goes really high, I start having real estate fantasies about buying it if I won. With the Powerball jackpot now up to a billion dollars and Mega Millions not far behind, I’ve played a few times. Even won a few bucks! So I’m reinvesting my winnings and continue to try my luck.

Silence remains on the project website about construction starting on the most recent plan for development and I’m wishing for winning lottery numbers. So I started wondering what was going on. I searched and found an article from last month on The Boston Sun stating that Hotel Alexandra is now up for sale by Cushman & Wakefield. What?!?!

I emailed the Boston Planning & Development Agency project contact, Nick Carter, and asked if he knew anything. He replied, “I have not heard anything to that effect but I would also say that we often are not updated on things like this.”

Huh. So I dug a little deeper and found information on the Cushman & Wakefield website. It’s true! There is a post dated June 1, 2023, stating that they are marketing The Alexandra. See below.

Cushman & Wakefield’s Multi-Family Advisory Group is now marketing The Alexandra, a former luxury hotel primed for redevelopment in Boston’s thriving South End neighborhood. Approved plans for the redevelopment include a 70-unit condominium project with a gym, bike storage, rooftop terrace with adjoining amenity room and ground floor retail. The property is within minutes of some of the city’s top dining destinations including Toro, Flour Bakery & Café, and Barcelona Wine Bar.

Further information about the sale states, “The Alexandra is offered on an ‘as-is’ basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a ‘Call for Offers’.”

This is so very interesting! Now would I really go through with buying it if I won? I don’t know.

Toying with the idea is different than the reality of what this would mean day to day in taking on such a massive construction project. Especially one that seems doomed to fail. But then again, maybe Hotel Alexandra just hasn’t found the right owner yet. And I can’t help but dream.

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Photo Credit: Nina LaNegra