Boston – The momentum in Downtown Crossing continues with the unanimous approval of a $60 million development project featuring a boutique hotel, restaurant, retail, and spa space. The 59 Temple Place project will preserve and protect the historical 11-story Blake Building at 59-63 Temple Place and the 6-story Amory Building at 501-507 Washington Street. The exteriors will be fully renovated, including restoring the facades of the first two floors and the complete reconstruction of its interiors. A sidewalk canopy and granite curbing will mark the entry of the hotel’s lobby on Washington Street and up lighting will be installed along the renovated façade’s perimeter.
The building owner, Walton Oxford Capital Temple, LLC, will coordinate with the MBTA to improve lighting and signage at the Downtown Crossing T stop. Walton Oxford Temple will also donate $100,000 to The Wang YMCA of Chinatown, Boston Asian: Youth Essential Services Youth Ready for Work Program, Kwong Kow Chinese School Afterschool Program, and Asian American Civic Association Work Force Development.
The development team includes Walton Oxford Capital Temple, LLC, owner; Gettys, design consultant; Goodwin Procter, legal counsel; Epsilon Association, permitting consultant; Exclusive Real Estate, development consultant; and Howard/Stein-Hudson Associates, transportation consultant.
4 Facts About Downtown Crossing
- Over 700 residential units are under construction, representing over $400 million in investment.
- With the approval of Millennium Tower, there will be 1,200 new residential units housing 3,000 families by 2016.
- The City is embarking on its 5-year plan to invest $2.6 million in infrastructure improvements including roads, sidewalks, and LED signage (1st at Washington and Winter Streets).
- Over 80 new businesses have opened in the last two years; Walgreens is investing $4.2 million in its flagship to open Spring 2013.