Cronin Development announced that a groundbreaking ceremony for its St. Regis Residences tower in the Seaport District will be held Oct. 1. Plans for the building include 22 floors and 114 luxury condo units, each with access to St. Regis’ suite of services like a personal concierge and butler, as well as amenities like a swimming pool, spa, health club and library. The tower’s groundbreaking will come a few months after the end of prolonged delays in its development, chief among them a $13.1 million lawsuit by the Conservation Law Foundation that was dropped earlier this year. Massachusetts Governor Charlie Baker and Boston Mayor Marty Walsh are named as guests of honor at the ceremony.
In other local real estate news:
- Harold Brown announced he would step down as chairman of The Hamilton Co., the residential real estate development company he has been running since 1954. Brown, 93, has already named successors to lead what its website says is among the largest privately-owned real estate firms in New England. Guilliaem Aertsen will succeed him as chairman, while Brown’s son and COO Jameson Brown will serve as co-CEO with CFO Andy Bloch, Bisnow reported.
- A development near Andrew Square in South Boston may be picking up speed after years of delays. The Boston Globe reported that Samuels & Associates joined forces with Core Investments to help the Washington Village project, which includes a total of 656 apartment and condo units and is expected to cost around $400 million. Core Investments earned city approval in 2016 but has yet to break ground.
- Boston-based real estate firm NAI Hunneman has rebranded as simply Hunneman and developed a new logo, although it will continue to operate under the NAI Global network of affiliates. Stephen Prozinksi was promoted to the role of chief executive in the wake of former CEO David Slye’s departure last year. Hunneman employs around 100 people throughout the New England area.
- Real estate investment firm Ad Meliora LLC said it plans to develop a complex of 305 housing units in Hyde Park in a 2.5 acre site near the MBTA Readville station. The project was named only in an official letter of intent, according to the Boston Business Journal, but the company said it would submit a formal plan to the Boston Planning and Development Agency in October.