Karp did not return calls by presstime but unconfirmed reports state that one of the proposals for the site being considered by this locally-based developer includes a 120,000-sf retail development, 275,000 sf of office space, a 200-room hotel and a parking garage.
Karp does not own the property, which was the site of a fire last February that claimed five lives, but he has reportedly stated that his company has been brainstorming plans for the site. At one time, Karp was one of the largest retail developers in the country with a number of local malls to his credit. Two years ago, Karp sold off many of his properties including the Atrium in Brookline and Emerald Square in Attleboro.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
