news & press

Boston - The trek began over two years ago and the finished vision will take at least as long to be realized, but a significant milestone is being celebrated in approval of a 21st century television studio for media staple WBZ being built under a joint venture between Mount Vernon Co. and National Development.

Beacon Communities and Mount Vernon Company (MVC) have entered into a purchase agreement with YW Boston to preserve the historic 140 Clarendon Street YWCA Boston property in Boston’s Back Bay neighborhood. The property will maintain a mix of residential, commercial, educational, and cultural uses and will convert the 66-room hotel and 118 apartments into 210 affordable apartments. Nearly half will be set aside as permanent supportive housing for individuals who have previously experienced homelessness.

The longtime home of Boston’s YWCA will soon get a new life as affordable housing in one of the city’s swankiest neighborhoods. Developers Beacon Communities and Mount Vernon Co. are set to file plans with the city Friday to convert the 13-story building at the corner of Clarendon and Stuart streets in the Back Bay into a 210-unit affordable housing development, with nearly half set aside as permanent supportive housing for formerly homeless people.

The Revolution Hotel has been awarded the 2020 Preservation Award by the Boston Preservation Alliance.

Each fall, the boutique community comes together to honor the finest people and projects on their contributions that are disrupting the industry. BLLA is pleased to present the Winners and honorable mentions for the 2020 StayBoutique Awards!

WINNER: The Revolution Hotel, Boston, MA - Boutique Hotel Over 100 Rooms

The outrage over George Floyd’s death has sparked a reaction the likes of which we have not seen since 1968. From cries for reform to protests in the street, the collective expression of anger has resonated across the country. Unfortunately, all the handwringing and eloquent statements of support will not change the systemic problems in our system at the root of our current crisis. The most effective source of reform may well come from the same place where many people feel the problem emanates: the business community.

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.

"In this episode we are delighted to be joined by Bruce Percelay, founder and Chairman of the The Mount Vernon Company...This was one of our favorite episodes and truly one you don’t want to miss!"