Wednesday, December 17, 2014

Yes Weekly's Jeff Sykes on the Union Square Project Cluster%^&*

"...The master developer, South Elm Development Group, had anticipated recouping their expenses, and perhaps making a profit, by selling land to potential component developers at a higher price than they would pay to buy it from the city. an email from SEDG partner Bob Chapman.

“As you know, we have been working since early March to resolve the issue of our fair compensation that was precipitated by the City’s desire to give land to USCI,” Chapman wrote. “I believe we are very close and I want to thank you and your colleagues at the City for their constructive approach. Now, time truly is of the essence.”