The owners of the struggling Joe Tecce’s restaurant want to build 32 luxury condos at its 61 North Washington Street site in the North End. They say they need to do it to avoid bankruptcy.
Hmm. Other developers are moving away from luxury condos and toward rental apartments. But Joe Tecce’s is bucking that trend? Do they know something that other developers don’t know?
God bless ‘em and good luck to ‘em. They’re going to need it, though brand new condos in the North End and along the Greenway would obviously be attractive units.