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.
File under: Another Boston development down the recession drain?