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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Construction Of Broadluxe Condo Project Stops
It appears as though construction at the new Broadluxe development has stopped.
Financial troubles have shut down construction of the 44-unit Broadluxe condominium project on the edge of Boston's Financial District for the past two weeks, setting the developer back in a time of market uncertainty.
The project, located at 99-105 Broad St. near the future Rose Kennedy Greenway, is a little more than month away from its scheduled opening.
Chip Norton, a manager at Boston-based Franklin Realty Advisors Inc., declined to give specific reasons for the recent financial difficulties.
AJ Martini, general contractor, pulled its workers from the project, citing the fact that they haven't been paid "in a relatively brief period of time."
Source: Condos in Financial District hit funding snag - By Michelle Hillman, Boston Business Journal
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1 Comments:
saw this comming. don't plan on moving in anytime soon. these developers need a wake-up call
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