Dual Hotel/Multi-Family Residence Planned for Coolidge Corner
Project represents culmination of decades of planning and community collaboration with multiple stakeholders
Marking a significant milestone in the evolution of Brookline’s Coolidge Corner, the first step of an ambitious redevelopment project designed to transform the neighborhood’s downtown was taken earlier this month by developer Chestnut Hill Realty (CHR), a property management company in Chestnut Hill. Called “Waldo,” for the 61,000 square-foot parcel bordered by Waldo, Pleasant and John Streets, the visionary, large-scale mixed-use development promises to redefine urban living and hospitality in the heart of Brookline, including a 14-story apartment building and an 8-10 story hotel.
Beginning in July 2024 with demolition of two vacant parking structures on Waldo and Pleasant Streets and a small parking lot on John Street, the Waldo project will transform a currently underutilized 61,000 square-foot parcel. This strategic development will feature a 14 story multi-family apartment residence and an 8-10 story Hilton flag hotel, distinguished by high-level design and premium architectural detailing. At present, there is no estimated construction completion date while CHR continues to identify paths for moving forward, working through economic scenarios with favorability for large scale real estate development projects.
“After years of collaborative planning with town officials, committees and local residents, we are excited to begin taking steps to bring this project to fruition,” said Ed Zuker, Founder and CEO of Chestnut Hill Realty. “Waldo will represent not just a development opportunity but a commitment to enhancing community life, supporting local businesses, and addressing critical housing needs,” he added. Waldo represents the culmination of decades of planning efforts and community collaboration, marking a pivotal moment in Brookline’s urban development strategy.
The initiative will include several community benefits, such as 11 affordable housing units and a $3.275 million contribution to Brookline’s Affordable Housing Trust Fund. Additionally, CHR’s investment is expected to generate over $2.5 million annually in new tax revenue, supporting municipal services and infrastructure improvements.
“We recognize the significance of this project in maintain the vitality of Coolidge Corner,” said Zuker. “From creating new job opportunities to funding public parks and enhancing local amenities, Waldo is designed to foster sustainable growth while honoring Brookline’s unique character,” he continued, and we at Chestnut Hill Realty look forward to delivering a project that not only meets but exceeds the expectations of residents and stakeholders alike.”
The development’s current design prioritizes sustainability, pursuing LEED Platinum and WELL certifications, and incorporates upscale architectural features and materials. Future enhancements include a BlueBikes station, underground parking, and landscaped public areas, reinforcing its role as a vibrant community hub.