Res­i­den­tial build­ing sought for ho­tel site

Boston Herald - - BIZSM@RT - By DONNA GOOD­I­SON

Plans are be­ing pitched to re­place a Brighton ho­tel with 178 mostly stu­dio and one-bed­room con­do­mini­ums and apart­ments.

Bos­ton-based 1650 Com­mon­wealth In­vestor LLC wants to erect a res­i­den­tial build­ing at 40 Mount Hood Road, cur­rently the site of the 74-room Ho­tel Bos­ton op­er­ated by Linchris Ho­tel Corp. of Hanover.

The pro­posal in­cludes 114 con­dos and 64 apart­ments — 13 per­cent of which would be set aside as af­ford­able — just more than a half-acre of “us­able” open space and roughly 142 off-street park­ing spots, ac­cord­ing to a let­ter of in­tent submitted to the Bos­ton Planning & De­vel­op­ment Agency.

The de­vel­op­ment team, which could not be reached for com­ment, is led by John Mat­te­son of Bos­ton­based real es­tate in­vest­ment and de­vel­op­ment firm Mat­te­son Cos.; Steven Good­man, found­ing part­ner at GFI Part­ners, a Bos­ton real es­tate ad­vi­sory com­pany; and Wil­lie Guo. It pur­chased the prop­erty in a $15.25 mil­lion deal in Jan­uary, ac­cord­ing to Suf­folk County Reg­istry of Deeds records.

The por­tion of the new res­i­den­tial build­ing that would be closer to Com­mon­wealth Av­enue, with frontage on Mount Hood Road, would rise to seven sto­ries, while the por­tion along Egre­mont Road would be five sto­ries.

The site in­cludes three parcels to­tal­ing about 1.7 acres. The ho­tel’s three build­ings, con­structed in 1953 and 1963, would be de­mol­ished.

The project would re­quire zon­ing vari­ances for the min­i­mum lot area per dwelling unit, floor area ra­tio, build­ing height, us­able open space and min­i­mum front yard depth.

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