Is Fan Pier deal near?
I am not optimistic that anything of any size will ever be built down in the Seaport area, except for some hotels and maybe some office space.
The part about this story that caught my eye and kind of scared me, was about how the city might be offering tax-incentives to companies that want to build down there. This was the same city that created ridiculous limitations on what could be built there and how high, which is what drove up the costs of building anything there at all, in the first place.
By Scott Van Voorhis, Boston Herald
High-powered Hub real estate firm Spaulding & Slye Colliers International could emerge as a contender to buy a portion of the key Fan Pier waterfront development site, real estate executives say.
The firm has been involved for years with the high-profile site on South Boston’s waterfront, acting as the local development team for the billionaire Pritzker hotel family of Chicago.
Now, as the Pritzkers try to sell the waterfront tract and its long-stalled plan for a $1.2 billion harborside development, Spaulding & Slye is exploring a deal of its own - one that could include breaking up the nine-city-block site into two separate pieces, executives say.
Under this scenario, Spaulding & Slye would take over a section near Anthony’s Pier 4 that includes office high-rises that are planned but not currently in demand.
That could allow the bulk of the site - where residential high-rises were planned - to be sold with relative ease.
Complete article: href="http://business.bostonherald.com/businessNews/view.bg?articleid=80927">BostonHerald.com - Business: Is Fan Pier deal near?
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