Boston Real Estate for Sale

Want some good real estate deals? They may be available in the Fort Point area if nine properties there are forced into foreclosure.

Wells Fargo Bank has set a May 5 sale of the parcels after Berkeley Investment defaulted on mortgages, the Herald is reporting.

This is a potentially big setback for the area, where Berkeley has ambitious plans to turn the old “Boston Wharf” buildings into a hip neighborhood with residential, retail and office components.

It’ll be a shame if the area’s character isn’t maintained and allowed to reach its full potential, especially the residential components.

Your thoughts?

File under: Another Boston development down the recession drain?

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