David Simon had had enough.
It was fall 2016, and the CEO of Simon Property Group — the largest owner of shopping malls in the US — had spent nearly a decade trying to build a skyscraper at Copley Place. Developing a 52-story tower in Boston’s Back Bay is complex under the best of circumstances, and this one was made far more complicated by its proposed location: On a deck above the Massachusetts Turnpike, with tens of thousands of cars a day whizzing underneath. The safety and engineering review was endless. Eventually, Simon pulled the plug.
“We are excellent project managers and had obtained 14 out of the 15 required approvals needed to proceed with the tower and expected to get the last one,” Simon told analysts on a conference call a few weeks later. “Unfortunately, the goalpost kept moving.”