Boston Hotel Developer Purchases Key Property

June 15, 2012
By

A well-known Boston boutique hotel and restaurant developer has purchased a key parcel of land on the Chelsea waterfront, but inquiries into his plans have turned up few details.

Paul Roiff of Health Properties in Boston recently purchased the property at 58 Winnisimmet St. from Kayem Foods for $660,000. The building and parking lot sit on a cobblestone street with prime views of the water and the Boston skyline – making it an interesting purchase for a developer like Roiff who is known to take on unique projects.

A call to Heath Properties by the Record was answered by an assistant, who indicated that he could say nothing about the purchase or the plans for it.

City Manager Jay Ash said that he hasn’t been approached by anyone about developing that particular property – at least not yet.

According to a biography on his company’s website, Roiff graduated from Boston University and got a law degree from Suffolk University. He has done acquisition and renovation of Boston properties along the lines of historic renovation, mill restorations, HUD projects and the development of hundreds of lofts in Boston’s toney Leather District next to South Station.

In the 1990s, he became owner of the highly-successful restaurant, Mistral. In 2000, he developed the XV Beacon boutique hotel on Beacon Hill. He also owned The Federalist, Teatro and Sorellina – all in Boston.

“As one of Boston’s most acclaimed real estate developers, and known for pursuing projects that the real estate ‘establishment’ has often deemed too daring, Paul possesses a drive and vision for urban architectural splendor that has led to the renaissance of some of Boston’s most treasured communities,” read the bio.

According to most, his reputation is sterling.

That is certainly known.

Now, if only his plans for Chelsea were as widely known as his reputation.

  • The waterfront district is a gold mine for anyone willing to take the risk.  I foresee a bustling entertainment, restaurant, and hotels in this area within 10 years.  

  • If I know
    anything about Paul Roiff and Heath Properties we can expect great things to
    come! Very excited to see what comes of the new acquisition! 

  • edsonjr76

    As a home owner in the immediate neighborhood and a former employee of his company, I cannot express to you my level of excitement. Paul Roiff is a fantastic developer and businessman, this project will not only elevate the neighborhood but the entire City of Chelsea.
    The city needs more Paul Roiffs, not  real estate flippers. Welcome Mr. Roiff and Heath Properties! We are very excited!

  • edsonjr76

    As a home owner in the immediate neighborhood and a former employee of his company, I cannot express to you my level of excitement. Paul Roiff is a fantastic developer and businessman, this project will not only elevate the neighborhood but the entire City of Chelsea.
    The city needs more Paul Roiffs, not real estate flippers. Welcome Mr. Roiff and Heath Properties! We are very excited!


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