Wednesday, March 11, 2009

"You just gotta believe it's going to happen"

Posted Mar 11, 2009 @ 01:18 AM


Despite some rocky relations in the past, the general sentiment among downtown businesses and town officials is one of sympathy for developer John Marini, whose plans were halted by the recession.

On Monday night, Marini told the Planning Board he has not been able to sell any of his 27 upscale condos in the 2 1/2 months they've been on the market, and cannot secure financing to demolish and rebuild 12-28 East Central St., as originally planned.

Instead, he will put $100,000 worth of repairs into the property and lease the first floor spaces for a three-year period.

"I promise to make it look presentable," he told the board.

This article follows up on the presentation to the Planning Board Monday night revealing a revised schedule for completion of the Center Commons project. Marini will be back to the Planning Board in April to file the formal paperwork. You can read the full article in the Milford Daily News here

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