A veteran developer in Boston is planning to sell a large and strategically located site, which could speed up development in a key part of the city.
Frank McCourt, Jr., a major developer in Boston "is looking to sell or find a partner for his 24 acres on the South Boston Waterfront. The land deal...could speed development on a key piece of property in the heart of the city's last frontier of development and a short walk from downtown and the new convention center." The developer, "who has assembled the tracts over 25 years, has been unable to move forward with ambitious construction plans that have included everything from a new ballpark for the Red Sox to office towers, housing, and retail. But a new developer could bring fresh ideas and momentum for getting something built on the site, which is large enough to accommodate the square footage of 10 skyscrapers....Nearby Fan Pier, owned by the Pritzker family of Chicago, is the site of another huge mixed-use development that is in the planning stages."
Thanks to Connie Chung
FULL STORY: McCourt eyes deal on waterfront site
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