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Shipyard to be Redeveloped as Mixed-Use Complex

QUINCY, MA-Shipyard Associates wants to redevelop the General Dynamics Fore River Shipyard here into a mixed-use complex. The shipyard had been sitting empty for years until a failed attempt to revitalize it ended in bankruptcy courts last year.

By Naomi Grossman | Updated on April 05, 2001

QUINCY, MA-After years of sitting empty and a recent attempt to revitalize the General Dynamics Fore River Shipyard here, which ended in bankruptcy court, Shipyard Associates LLC is planning to redevelop the 180-acre shipyard into a mixed-use complex.

“In the northeast corridor, we don’t have the manpower or the skilled draftsmen you need to run a shipyard,” Alex Fineman of the Sciaba Cos., tells GlobeSt.com. “Shipyards are so high-tech these days.” The developer of the parcel, Shipyard Associates, appointed the project management and design-build consortium of Sciaba and Architects & Associated Designers Inc. as general project manager for the redevelopment. While Fineman would not specify what developers were behind Shipyard Associates, he did say that some were from Europe.

The shipyard here had been sitting empty for years until two years ago when Massachusetts Heavy Industries attempted to revitalize the complex as a shipyard. Eventually, MHA, which is headed by Sotirios G. Emmanouil, was evicted by the US Maritime Administration after it defaulted on a $55-million bank loan guaranteed by the Federal agency. MHI filed for bankruptcy soon after the eviction.

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