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Role

RPL provided equity investment diligence support and development oversight services on behalf of an institutional equity partner.

Unique Approach

• Complicated zoning and entitlements.
• Challenging team structure.

Outcomes

• Project completed for use

Scope of Work

Development of a new 6-story building as a Marriot Residence Inn with 170 guest rooms, grade level ground floor lobby and pool/fitness, and 7,600 SF restaurant tenant space.

Project Summary

• Client: One of the largest institutional private equity investment firms
• Location: Burlington, MA
• Size: 170 units, 6 floors, 132,000 SF
• Timeline: 2015 to 2017
• Services: Due Diligence and Development Oversight
• Cost: $41 million
• Architect: Group One Partners
• Contractor: Callahan