Medford Lab Development Site Auctioned for $5.5M
A Medford life science development site once appraised at $52 million in 2022 was sold at a foreclosure auction to a car-wash holding company.
A Medford life science development site once appraised at $52 million in 2022 was sold at a foreclosure auction to a car-wash holding company.
From a developer facing a $25 million lawsuit from its lender, to some hopeful signs in MBTA Communities districts, here are the top stories you might have missed this summer.
A failed Medford lab development provides a stark example of how Massachusetts’ rapidly retreating life sciences market left some developers and lenders high and dry.
A foreclosure auction is scheduled next month for a development site near Medford’s Wellington Circle approved for a $200 million life science tower.
The developer of a delayed West Roxbury apartment complex claims that its general contractor engaged in “rampant misconduct” by withholding over $2.2 million in payments to subcontractors.
A former Dorchester boat dealership will be redeveloped into a $90 million, 168,300-square-foot mixed-use development in a project approved this month by the Boston Planning & Development Agency.
A joint effort by one of Boston’s biggest construction union and a pair of developers to sway the Boston mayoral race has netted its first two pledge signers.