Banker & Tradesman reports that an auctioneer has scheduled a foreclosure sale next month for the half-acre on Charlesgate West where a British developer had won approval - and even a change in city ordinances - for a 28-story, 400-unit apartment tower with 68 affordable units.
Scape, which initially entered the Boston market hoping to build large private dorms for area colleges, then realized how much everybody hated that idea, spent nearly six years working on its Charlesgate proposal - which it first proposed as a smaller 200-unit complex before filing plans for its tower.