
“Braintree is enthusiastic for this project to get underway,” said Braintree Mayor, Joseph C. Sullivan. “We look forward to seeing this high quality redevelopment generate long term economic development, job opportunities, and tax revenues for the town and the South Shore area.”
Located just outside of Boston at the convergence of two major routes, I-93 and Route 3, the development will encompass 10.2 acres. Carpenter & Company, plans to renovate and redevelop the existing hotel into a 204-room Hyatt Place, with improvements to all interior guest rooms and public spaces, including the building’s exterior and a renovated porte cochere. All renovations will be in accordance with Hyatt Place design standards. Carpenter & Co.’s financial partners include BayNorth Capital, Cambridge Savings Bank, Brookline Bank and Bank Rhode Island.
The project will also include a new retail development that will be comprised of a new 32,000 square foot main retail building, a renovated restaurant and a 6,000 square foot retail pad.