LuxBeat

August 29, 2007

Major Project Nixed

Filed under: Boston Real Estate,New Construction — Joshua A. Golden @ 2:05 pm

It is rumored that Kensington Tower, which was to be located across the street from Archstone Apartments on Washington St. in Chinatown has been put off until further notice.  My assumption is a lack of financing, and a softening condo market.  From a pure neighborhood position I certainly hope a big developer does something exciting with the land, maybe a luxury hotel, to continue the momentum of gentrification in the area.

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