Ouch.
There is no bigger development project in the Boston area than Cambridge’s multibillion-dollar NorthPoint.
But a nasty legal battle has erupted between NorthPoint’s would-be developers, raising questions about the future of this long-planned “city within a city� near the banks of the Charles River.
Boston and Maine railroad, which owns the 45-acre site on the East Cambridge-Boston line, has filed suit in Suffolk Superior Court against its longtime development partners, which include some of the biggest names in Boston real estate.
The railroad, and its parent company, Pan Am Railways, wants to give walking papers to its erstwhile partners, who include executives from the old Spaulding & Slye, long Boston’s blue chip real estate firm, as well as the global giant that recently acquired it, Jones Lang LaSalle.
I have high hopes for NorthPoint. We’re talking a billion dollars of proposed development – condos, office space, retail space, etc. Plus, a new MBTA Green Line Station. It would be a terrible shame if the economy and/or politics and/or lawsuits would derail (pun) this project.
More: Legal battle could mean NorthPoint’s headed south – By Scott Van Voorhis, The Boston Herald
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