Re: Dock Square Parking Garage, 20 Clinton Street
Must be the same Fortis Group that picked up 1 Lincoln St. aka State Street tower for a modest $880 million in 2006.
So it makes sense in terms of them having one trophy property adjacent to South Station... and now another one (albeit where the risk/reward equation is radically different in terms of redevelopment potential and pitfalls) very close to North Station.
Buyer is apparently Fortis Property Group, a Brooklyn, NY company controlled by Louis Kestenbaum and his family, according to it website. Google his name and you get some interesting results. ("Massive Jewish Corruption" and "Developer Has Checkered Past .."
Must be the same Fortis Group that picked up 1 Lincoln St. aka State Street tower for a modest $880 million in 2006.
So it makes sense in terms of them having one trophy property adjacent to South Station... and now another one (albeit where the risk/reward equation is radically different in terms of redevelopment potential and pitfalls) very close to North Station.