Boston developer of 750-unit Morrissey Blvd housing project sues partners, alleging fraud
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“We have worked closely with the city of Boston and neighborhood stakeholders to earn their support and approval for the development of 750 housing units — housing that is needed now, without further delay,” Copper Mill chief executive Andrew Flynn said in a statement. “We continue to believe strongly in the vision for this site and its importance to Boston residents.”A representative for Pactolus, which is based in Virginia, declined to comment. Representatives for Chicago-based POB did not return requests for comment. Court filings in the case detail a circuitous and bumpy path for a project that was started by the finance firms, taken over by Copper Mill, and then reconceived as a joint effort that the investors allegedly used to regain sole control of the site. Josh Zakim, a former Boston City Councilor and executive director of the housing advocacy group Housing Forward MA, called the dispute ill-timed, given the city’s broader development slowdown. “It’s a significant project, especially these days when there’s not a lot of developers even trying to do something of this size,” he said.
This article is an excerpt. To read the full content, visit the original source. The Boston Globe
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