GirlHacker's Random Log

almost daily since 1999

 

Boston’s Hancock Tower is scheduled to be put up for auction at the end of the month. Owner Broadway Partners bought the building in 2006 for $1.3 billion and has defaulted on some debt payments. They have the option of filing for bankruptcy to protect themselves from creditors and are likely negotiating to restructure their debt to allow them to survive the devaluation of so many of their properties. The Hancock was designed by I.M. Pei and Henry N. Cobb and is the tallest building in New England.

Written by ltao

March 13th, 2009 at 4:32 am

Posted in Uncategorized