Monday, June 20, 2011

NEIGHBORHOOD NEWS: Stop & Shop quits mixed-use project

A real estate development company said yesterday that it is looking for a new supermarket operator because Stop & Shop Supermarket Co. withdrew from a mixed-use project the developer is planning at the northern end of the Rose Fitzgerald Kennedy Greenway in Boston.

Tweet Be the first to Tweet this!ShareThis The developer is Trinity Financial Inc., and its project is called One Canal.

Last year, a Globe story said the $150 million plan calls for street-level shops, a second-floor supermarket, a parking garage, and six to eight floors of apartments.

One Canal had been planned to include a Stop & Shop, Trinity Financial said.

But yesterday, the company reported that it had been informed by Stop & Shop that the supermarket chain “is now concentrating on occupying another site in the neighborhood.’’

Trinity Financial said it is continuing efforts to secure a supermarket operator for its project.

Boston Globe Staff June 15, 2011

No comments: