Harbor Towers Garage Committee Chairman Lee Kozol represented the East India Row Harbor Towers residents when he spoke out against the Downtown Waterfront Municipal Harbor Plan (MHP) and its latest supplement at the Wharf District council meeting on Tuesday evening. The unified response by waterfront neighbors came after a presentation by Rich McGuinness of the Boston Read More…
Mass. Dept. of Environmental Protection (DEP) sent an enforcement notice to the Intercontinental Hotel at 500 Atlantic Avenue to keep its Harborwalk and lawn areas open to the public. The rare action came in response to a July 11th letter by the Conservation Law Foundation (CLF) among other persistent complaints about the privatization of the space. Read More…
The Boston Business Journal reports on a recent Fitch Ratings analysis that the Intercontinental Hotel at 510 Atlantic Avenue will default on a loan. The InterContinental Boston, burdened by a near $200 million debt load, is performing “significantly below expectations” and is expected to default on a sizable mezzanine loan in the near term, according Read More…
Boston Fire Department tweeted an electrical fire forced a power shutdown at the Intercontinental Hotel & Residences on Atlantic Avenue. Guests and residents were evacuated to the Boston Harbor Hotel at Rowes Wharf. Below are the BFD’s tweets: Response to the Intercontinental Hotel at 500 Atlantic Ave at 2:00 am for a reported fire in Read More…
The garage underneath the Intercontinental Hotel is headed for a restructuring or sale after defaulting on its debt, according to a Boston Herald article. “Bank of America went to court Monday to put Extell Development Corp.’s three-level, underground garage at 500 Atlantic Ave. into receivership and sell it after the New York real estate firm Read More…