Developer Nixes Plan To Buy Boston Globe Building
BOSTON (AP) — A developer has dropped plans to buy The Boston Globe's headquarters and convert it into a mix-used property, after a partner withdrew from the project.
Globe President and Chief Executive Officer Mike Sheehan announced on Friday that Winstanley Enterprises of Concord decided to not move forward with the redevelopment plan for the 16.5 acre site on Morrissey Boulevard, across from the University of Massachusetts Boston.
Sheehan says Globe officials will continue to work with city officials on future plans for the property and search for a potential buyer.
Sheehan also says the Globe will continue working with Colliers International to find new sites for its newsroom, business and printing operations. Several sites around the city are being evaluated for a move planned for late 2016 or early 2017.
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