news & press

Once upon a time, there was a shining city on a hill, so cherished by real estate developers that it became the hottest housing market in the land.

The Mount Vernon Company and Beacon Communities have acquired 140 Clarendon St. for $51.25 million. They have also broken ground on the redevelopment of the YW Boston headquarters located at 140 Clarendon St. in the city’s Back Bay.

Bruce A. Percelay is chairman and founder of Mount Vernon Company, a real estate investment and development firm known for improving communities and investing in sustainable, award-winning design. PCA and Mount Vernon Company have worked together on mixed use, residential and hospitality projects totaling more than 750,000 square feet over the past decade. The latest collaboration is Arthaus, a five-story residence with 74 apartments and a separate four-story building with nine condominiums.

Food lockers and pods are making apartment lobbies feel more like the office break room.

Bruce Percelay’s development firm Mount Vernon Co. was an early arrival to Allston’s multifamily boom, and it continues to build apartment and condo projects on Boston’s western frontier.

The best hotels if you're traveling in a large group but don't want to risk an Airbnb.

On the surface it looks like another run-of-the-mill list of reader-picked favorite hotels, resorts, cruise ships, and the like. But the Monday release of Condé Nast Traveler’s annual Reader’s Choice Awards offered up a true shocker to Boston’s luxury hotel world. Not only did an inexpensive hotel in the South End make the list — it topped it.

True to its name, the Revolution Hotel is ushering in a new breed of hotel stay. Despite being in the South End, one of the most desirable quarters of Boston, the hotel prices many of its small-format rooms at around $120 per night, a steal compared to its neighbors in Back Bay and downtown that regularly charge triple that amount.