Residential - 9 Apartments

94 Charles Street (formerly the Charles Street Inn) hit the market for sale in Spring of 2012. Configured as a hotel, and having been operated that way for 10+ years, the path to get to the highest and best use as a residential apartment building would be complicated and time consuming, and so the property sat on the market for over 5 months. Utilizing its experience navigating the City's entitlement process, BREC was able to take an out-of-the-box approach and reach an agreement with the Sellers that gave them a path to a sale and BREC time to obtain the permits to convert the nine-room hotel to a nine-unit apartment building. BREC worked with the Beacon Hill Civic Association to earn support for the zoning variances it needed to pull permits. Come April 2013, with permits in hand, BREC purchased the property and began a six-month renovation. Upon completion of the renovation in Fall 2013, nine, short-term furnished rentals were delivered to meet the needs of the City's hospitals, businesses and educational institutions.