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News & Updates

Boutique Lifestyle Hotel Planned in Downtown Crossing

Aug 02, 2012

Hot on the heels of last week's Celebrate Downtown Block Party in Downtown Crossing that had everyone eating and dancing in the streets -- more great news for the dynamic neighborhood! Oxford Capital Group LLC, a highly respected national real estate, investment and development firm,  has acquired 59 Temple Place and plans to turn it into an up to 250 room boutique lifestyle hotel with ground floor restaurant and retail. “There is excitement on every block in Downtown Crossing,” said Mayor Thomas M. Menino. “With the recently announced $13M in infrastructure investment in the area, it is great to welcome Chicago based Oxford Capital Group to the mix. The top notch hotel that they have planned will further this neighborhood’s remarkable energy and growth.” “We are tremendously excited to acquire the 59 Temple Place property,” said John Rutledge, president and CEO of Oxford Capital Group, LLC. “We are big believers in Downtown Boston and the Downtown Crossing area in particular, which we believe is going through a significant transformation.  We look forward to working closely with Mayor Menino, BRA Director Peter Meade, their respective staff and others in executing our collective vision. We appreciate all the assistance the City and the BRA have lent to us throughout this process; they could not have been more helpful or persuasive.” 59 Temple Place spans Washington Street between West and Temple Streets and will offer hotel lodgers access to all of the excitement in Downtown Crossing, which sttracts 250,000 visitors daily. More than $13M is being invested by the City and private developers in infrastructure improvements in the neighborhood, and the area is expected to add 20 new retail and restaurant locations by the end of 2012.

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