[Info-vax] OT. Auction of Maynard's Clock Tower Place
JF Mezei
jfmezei.spamnot at vaxination.ca
Sun Mar 15 18:20:12 EDT 2015
On 15-03-15 17:12, Simon Clubley wrote:
> I hope so, but the fact the new owners still have to be silent until
> after the deeds are transferred means we won't know for sure until then.
If current buildings do not generate sufficient revenues for the current
owner, and if thew new onwer has/will pay 62 million for a building
currently worth 18 million, there are strong indications that the new
owner has plans to make the property worth far more than 62 million bucks.
This means either massive renovations, rebuilding or razing complex to
build from scratch. I have no idea of the "historical value" status of
the building. Such info might be available from town records for when
they agreed to rezone it to allow portion to be converted to residential
condos. This action would likely have had requirements to keep facade
and/or structure intact or maybe not.
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