Boston's Russia Wharf plan stalled, firm says
In a fight between two big Boston developers, at least one thing is for sure: Equity Office Properties' $300 million redevelopment of Russia Wharf, which was supposed to include luxury condos, a hotel, office space, a jazz club, and a waterfront park, is frozen in place.
What's holding Equity Office up?
The firm says it's a lawsuit by its neighbor Brian Fallon, managing director of the developer of a hotel and condo project called InterContinental Boston and The Residences at the InterContinental, going up next door. Equity Office says Fallon just wants to finish his condos and sell them before more construction begins in the neighborhood.
''We were on a track, and it was a fast track," said Maryann Gilligan Suydam, senior vice president of Equity Office's Boston region. ''We were stopped in our tracks because of Brian's appeal."
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Source - Boston Globe
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