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CWDI debates 6‑story, 90‑room hotel versus smaller hotel+condos for Cambridge waterfront
Summary
Board members and consultants weighed a smaller 2.8‑acre plan with condos against enlarging the hotel footprint to about 3.12–3.18 acres for a 90‑room, 6‑story hotel, with arguments centering on parking, revenue and neighborhood fit; a work session with the prospective developer Pinnacle is scheduled and Mackenzie will market the site while HUD and USDA identified potential infrastructure funding.
The Cambridge Waterfront Development Initiative (CWDI) spent most of its partners meeting debating whether the planned waterfront hotel should remain on a roughly 2.8‑acre footprint with adjacent condos or be enlarged to about 3.12–3.18 acres for a six‑story, 90‑room hotel that would keep all parking on site.
Tim, the board’s project analyst, told members that parking requirements (1.5 spaces per room) make a full‑service hotel impractical on 2.8 acres without off‑site parking or a garage. He said a 45‑room option paired with 24 condos had an estimated construction cost of about $13,000,500 for the hotel plus ~$25,000,000 for the condos, while the 90‑room hotel proposal had a construction estimate near $35,000,000 and produced the higher projected room‑night revenue and tax yield. “The larger hotel brings in more…
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