After agreeing to mediation in December, Suffolk Construction CEO John Fish and his former development partner Weiner Ventures settled a four-year-old lawsuit over the failure of the 1000 Boylston luxury condominium tower project.
As the legal dispute between Suffolk Construction CEO John Fish and developer Weiner Ventures approaches its fourth year in court, a settlement appears as far away as ever.
Developer Stephen Weiner’s requests for design changes delayed the failed 1000 Boylston luxury condominium project, which was already facing a $35 million cost escalation, according to new testimony in a legal battle between Suffolk Construction CEO John Fish and Boston developer Weiner Ventures.
Attorneys for Suffolk Construction CEO John Fish won a round in the three-year legal battle against Boston developer Weiner Ventures over recent claims that the Boston developers destroyed evidence about the failed 1000 Boylston condominium project.
A Superior Court judge rejected a claim that emails and texts deleted by Boston developers Stephen and Adam Weiner prejudiced a lawsuit about a failed luxury condominium project at 1000 Boylston St. in the Back Bay.
Attorneys for Suffolk Construction CEO John Fish asked a Superior Court to sanction developers Adam and Stephen Weiner for deleting emails and texts related to a failed billion-dollar condominium project in Back Bay.
Boston-based developer Weiner Ventures received approval for a 108-unit condominium tower in the Back Bay which, if completed, would be the city’s first successful air rights project since the 3.7-million-square-foot Copley Place in 1984.
After taking a backseat to the Seaport in recent years, Boston’s Financial District is finally on the verge of a revival as an office development hotspot. Opportunities to reposition parking garages are driving several of the latest projects. Two developers are looking to add over 1 million square feet of office space in the central business district in anticipation of accelerating leasing demand.
Plans to build two residential towers above the Massachusetts Turnpike in Back Bay have been scaled back with elimination of a 182-unit apartment tower and reduction in a proposed condo tower from 160 to 108 units.
Developers haven’t successfully completed an air rights project over the Massachusetts Turnpike in Boston since Copley Place was completed in 1983, but the dream of maximizing valuable Back Bay real estate remains a powerful incentive in a booming multifamily market.
