Major Project Nixed

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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