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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. |
Northpoint In Trouble, Again
Posted on 05/10/2008 10:08:35 | Link | Post Comment
What a mess.
A Texas-based investment group has pulled out of a deal to buy NorthPoint, a grand city-within-a-city slated to take shape near the Charles River in Cambridge.
Archon Group, which had won a bidding war for the high-profile project last fall, is out of the deal, said David Fink, one of the development’s owners. However, he said other bidders are circling and are interested in making a deal for the sprawling 40-acre site and its ambitious development plans.
As of now, two of the buildings have been completed, with closings planned for the end of next month.
Or, so they say ...
More: NorthPoint buyer quits deal - By Scott Van Voorhis, The Boston Herald
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