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January 18, 2011 
 
 

The Penthouse Hostel


Announced today: Bisnow's Boston Sustainability Summit. Join our all-star panel as we delve into the latest RE trends in going green. Feb. 15. Hyatt Regency Boston. Early Bird: $39. Sign up today!

 

Backpackers who stay in hostels may be on modest budgets, but when they come to Boston’s new Hostelling International facility in 2012, they’ll find accommodations in a $42M, newly renovated historic landmark building in the heart of the midtown cultural district—walking distance from just about everything.

 
Mark Skender and the group’s executive director Deborah Ruhe

As Bliznow 2011 wound down Thursday, dozens of hearty Bostonians and guests gathered for the ceremonial start of construction on Hostelling International’s new outpost at 25 Stuart St, which it calls the Hub of Boston. We snapped HI's USA board chair Mark Skender and HI New England's executive director Deborah Ruhe marking the start of about 13 months of construction. Suffolk will manage the job that will transform the Dill Building (listed on the National Register of Historic Places) into the third-largest hostel in the US. The group expects 46,000 visitors a year, about 60% of them holding foreign passports. (The remainder should be whoever is playing the Red Sox.)

Aaron Chaffee ?? and the adaptive re-use design team: Bergmeyer’s Michael Davis, Stegman & Associates’ Janet Stegman and Bergmeyer’s Michelle Stadelman

During the reception we snapped HI USA director of hospitality

Aaron Chaffee and the adaptive re-use design team: Bergmeyer’s Michael Davis, Stegman & Associates’ Janet Stegman, and Bergmeyer’s Michelle Stadelman. The new 450-bed building will nearly double Hostelling International’s capacity compared to its current site on Hemenway Street. Destined to be the nation’s first LEED-certified hostel, it’ll feature a green roof, green elevators, and solar hot water heating. The building meets Mayor Menino’s sustainability goals and is expected to generate $16M a year in visitor revenues. Meredith & Grew’s Leigh Freudenheim repped Hostelling International in the $15M building purchase that closed Dec. 29th.

Joseph Flatley, president and CEO of the Massachusetts Housing Investment Corp. ti his right Greg Bialecki

Joseph Flatley, CEO of the Massachusetts Housing Investment Corp leads one of eight entities, public and private, financing the project. They’re using $21.5 M in bank financing, $13.7M in new market and historic tax credits, $4.6M in equity, and $2.5M from a capital campaign. To his right is the state secretary of housing and economic development Greg Bialecki, who says the hostel will help keep Boston connected to the world, especially to the youth. It also gives the area an opportunity to showcase its innovation economy clustered in Fort Point, around MGH and in East Cambridge.


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Kicking Off REAction 2011

 
Paradigm Properties’ Kevin McCall and Building Impact’s outgoing executive director Lisa Guyon

We snapped Paradigm Properties’ Kevin McCall and Building Impact’s outgoing executive director Lisa Guyon. Kevin and Lisa started Building Impact six years ago to organize community service opportunities for tenants in his firm’s office buildings. Then last year, they launched REAction as a vehicle for real estate companies to do community service: deliver school supplies to children, renovate Boys and Girls’ Clubs, and clean up the Charles, among other good works. Lisa’s moving on to lead the Cape Cod Housing Assistance Corp. Kevin will continue to be the spirit behind Building Impact. As the head of Paradigm, he says he also expects to see more distress opportunities in CRE this year.

J Calnan’s Jay Calnan ADD Inc’s president Fred Kramer

J Calnan’s Jay Calnan holds his construction firm’s REAction 2010 Impact Award for going above and beyond to collect crayons, food, help renovate, and contribute $5,000 to sponsor 2011 activities. (What’s the “J” in J Calnan stand for? Seems his real name is John, like Dad, but his mother always calls him “J.” He complies with her wishes, he says, because “if Mama ain’t happy, no one’s happy.”) Jay himself is happy that his 71-person firm has been busy building out corporate space for the likes of Biogen and TJX. ADD Inc’s president Fred Kramer (who’s designing the Fish & Richardson office at ONE Marina Park Dr) hosted the REAction kick-off for the second year.


Bisnow

HMFH Contributes for Kids

 
HMFH Architects’ Laura Wernick with the Child Care Resource Center’s Gloria Franqui  and HMFH colleague George Metzger

HMFH Architects’ Laura Wernick with the Child Care Resource Center’s Gloria Franqui and HMFH colleague George Metzger show how they celebrated the firm’s 40th anniversary. They donated $16k to CCRC in Cambridge, the first child care resource and referral agency in the state and one of the first in the nation. The non-profit also develops and delivers professional development services to providers and educators in the region. HMFH designs educational facilities here and across the country like the new main entrance they’ve created for the Berklee School of Music.

 

Weather permitting, send story ideas to Susan Diesenhouse, susan@bisnow.com.

 
 
 
 
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