West Street 40B


I was reminded because of my post about the West Street 40B project developer (Gatehouse) apparently having difficulty securing its financing, that even if the developer is having those troubles with its financing as was reported to me by knowledgeable sources at the Massachusetts Municipal Association annual meeting last week, that the 40B permit itself that Gatehouse has in hand remains open and good for three years, so that the permitted 40B project for the 92 unit development remains active, if moribund.  Even if Gatehouse is not able to proceed, they could sell the permit to another developer who is able to secure financing.

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