Monday, November 28, 2011

The Building That Houses Stoddard's Fine Food and Ale Has Been Sold

A mixed-use building in downtown Boston that houses a gastropub-style restaurant has been sold.

According to a MarketWatch article, Group Boston Real Estate has brokered the sale of 48-50 Temple Place (between Washington Street and Tremont Street) to Yanamtemple LLC for a price of $3.2 million. The building, which contains residential and office space, is also home to Stoddard's Fine Food and Ale, a dining and drinking establishment that first opened in the spring of 2010. At this point in time, there is no indication that the sale of the building will affect Stoddard's, but if anything changes, we will post an update here.

Stoddard's Fine Food and Ale was once the sister dining spot of a casual upscale cafe called the Ivy Restaurant which was on the same street. Ivy closed last fall after the parent company (the Ivy Restaurant Group) declared bankruptcy.

For more information on the sale of the Temple Place building, please go to the MarketWatch link below.

Michael Carucci of Group Boston Real Estate brokers $3.2m sale of 48-50 Temple Place