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A developer that bought a vacant Boston office building last fall for $30 million is proposing to convert the waterfront property into a hotel.

The 400 Atlantic Ave. property includes a 6-story, nearly 100,000-square-foot office building that’s been vacant since 2023, when law firm Goulston & Storrs relocated to One Post Office Square.

Chahine Investment Corp. plans to renovate the building to accommodate a hotel and restaurant, including a waterfront deck, according to a notification letter submitted by Chahine Investment Corp. to the Boston Planning Department. 

A Pinecrest, Florida real estate corporation managed by investors Jacques and Agathe Chahine bought the vacant property in September for $30 million.

Chahine Investment Corp. has converted buildings in France and Portugal into luxury hotels, according to a Boston Business Journal report.

Goulston & Storrs occupied the entire building for decades before opting to relocate its headquarters in 2023.

The hotel project complies with zoning regulations, according to a letter submitted by attorney Jared Eigerman of Reuben, Junius & Rose LLP, and will comply with the requirements of Boston’s coastal flood resilience overlay district enacted in 2021 to reflect climate change’s effects on waterfront properties.

Developer Plans Boston Waterfront Hotel Conversion

by Steve Adams time to read: 1 min
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