Tuesday, March 25, 2008

W/S project in Dedham

From the Boston Globe, by Thomas C. Palmer, Jr.:

Despite difficulties in lending markets, the developers of a planned Dedham shopping center with as many as 80 stores and restaurants have secured construction financing and are set to break ground next week....

"People have been trying to build better retail in this area for 20 years," said Dick Marks, a partner in WS Development of Newton, one of the developers, which started planning four years ago.

WS Development and partner National Amusements of Dedham have a loan of almost $200 million from Sovereign Bank to finance the 675,000-square-foot project.

There's lots more to read further into the article. So you may want to click on the above link.

Tim White

h/t to LT !


Anonymous said...

That article makes it feel all warm and fuzzy. I don't see any mention of residential though.Only in Cheshire I guess.
$200 Million loan? Who much in debt can these people go?

Anonymous said...

what firm just shut down the multiplexes in Orange and E. Windsor?

Anonymous said...

With the economy on shaky ground and so many other economic uncertainties, I give the NE project less than a 50% chance of seeing the light of day anytime - at least for the next 5 years.

Anonymous said...

You are being generous.