{"id":1004556864,"date":"2021-11-04T08:43:10","date_gmt":"2021-11-04T16:43:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004556864"},"modified":"2022-12-09T00:09:26","modified_gmt":"2022-12-09T08:09:26","slug":"iqhq-buys-iconic-hotel-in-boston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iqhq-buys-iconic-hotel-in-boston\/","title":{"rendered":"IQHQ Buys Historic Boston Property"},"content":{"rendered":"<div id=\"attachment_1004556865\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004556865\" data-attachment-id=\"1004556865\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/iqhq-buys-iconic-hotel-in-boston\/the-buckminster-image-courtesy-of-iqhq\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Buckminster. Image courtesy of IQHQ\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Buckminster. Image courtesy of IQHQ&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg?w=800\" class=\"wp-image-1004556865 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004556865\" class=\"wp-caption-text\">The Buckminster. Image courtesy of IQHQ<\/p><\/div>\n<p>Continuing a <a href=\"https:\/\/www.commercialsearch.com\/news\/iqhq-acquires-site-for-bay-area-life-science-project\/\" target=\"_blank\" rel=\"noopener\">steady run of activity in Boston<\/a>, IQHQ has acquired The Buckminster, a former hotel in the city\u2019s Kenmore Square area. The acquisition is part of IQHQ\u2019s ongoing developments in the adjacent Fenway market\u2014primarily <a href=\"https:\/\/www.commercialsearch.com\/news\/construction-on-1b-life-science-project-in-boston-begins\/\" target=\"_blank\" rel=\"noopener\">Fenway Center, a $1 billion project<\/a> that kicked off this spring.<\/p>\n<p>Located at the triangular intersection of Brookline Avenue and Beacon Street, the flatiron-shaped hotel closed its doors in March 2020. As to its future, IQHQ is saying only that it \u201cplans to work closely with the community and City officials to bring forth an improved future for this prominent Kenmore Square site.\u201d<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/these-cities-are-tops-for-stem-job-growth\/\" target=\"_blank\" rel=\"noopener\">These Cities Are Tops for STEM Job Growth<\/a><\/p>\n<hr>\n<p>The six-story hotel closed as a consequence of the COVID-19 pandemic, <em>The Boston Globe<\/em> reported in April. The luxury hotel opened around 1897, well before Fenway Park itself, in 1912. The Buckminster changed hands over the decades and was taken over by the Army in World War II. In 1966, the hotel was bought by a junior college and used as a dorm till the school lost its accreditation and went bankrupt in the late 1970s. As of 1980, the Buckminster was a rooming house, but by the 1990s it was a hotel again, with more and smaller rooms.<\/p>\n<p>Developed by IQHQ in a joint venture with Boston-based Meredith Management, Fenway Center will be the city\u2019s largest air rights development since 1980.<\/p>\n<p>Back in February 2020, <a href=\"https:\/\/www.commercialsearch.com\/news\/equity-commonwealth-sells-boston-office-lab-building\/\" target=\"_blank\" rel=\"noopener\">IQHQ acquired a 285,000-square-foot lab-and-office building<\/a> at 190 Brookline in the Fenway neighborhood, adjacent to Fenway Center. The seller was Equity Commonwealth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former hotel is adjacent to the buyer\u2019s $1 billion Fenway development. <\/p>\n","protected":false},"author":882,"featured_media":1004556865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21783,21742,10],"tags":[48695],"class_list":["post-1004556864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-investment","category-latest","category-northeast","tag-iqhq"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IQHQ Buys Historic Boston Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/iqhq-buys-iconic-hotel-in-boston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IQHQ Buys Historic Boston Property\" \/>\n<meta property=\"og:description\" content=\"The former hotel is adjacent to the buyer\u2019s $1 billion Fenway development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/iqhq-buys-iconic-hotel-in-boston\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-04T16:43:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:09:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iqhq-buys-iconic-hotel-in-boston\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iqhq-buys-iconic-hotel-in-boston\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"IQHQ Buys Historic Boston Property\",\"datePublished\":\"2021-11-04T16:43:10+00:00\",\"dateModified\":\"2022-12-09T08:09:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iqhq-buys-iconic-hotel-in-boston\\\/\"},\"wordCount\":269,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iqhq-buys-iconic-hotel-in-boston\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/11\\\/The-Buckminster.-Image-courtesy-of-IQHQ.jpg\",\"keywords\":[\"IQHQ\"],\"articleSection\":[\"Boston\",\"Investment\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iqhq-buys-iconic-hotel-in-boston\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iqhq-buys-iconic-hotel-in-boston\\\/\",\"name\":\"IQHQ Buys Historic Boston Property - 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