What a mess.

A Texas-based investment group has pulled out of a deal to buy NorthPoint, a grand city-within-a-city slated to take shape near the Charles River in Cambridge.

Archon Group, which had won a bidding war for the high-profile project last fall, is out of the deal, said David Fink, one of the development’s owners. However, he said other bidders are circling and are interested in making a deal for the sprawling 40-acre site and its ambitious development plans.

As of now, two of the buildings have been completed, with closings planned for the end of next month.

Or, so they say …

Source: NorthPoint buyer quits deal – By Scott Van Voorhis, The Boston Herald



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