Lot near Forest Hills goes into foreclosure

There’s a great story in this week’s Gazette about the sudden foreclosure of a large parking lot in the Forest Hills area. According to the Gazette:

The nearly 2-acre Fitzgerald parking lot across from the Forest Hills Orange Line T Station is scheduled to be put out to bid in a foreclosure auction March 3.

The lot has long been eyed by community members and the city as a possible site for redevelopment, and was the subject of a three-year community planning process establishing guidelines for new development in the Forest Hills area.

It was scheduled to be put out to bid at a foreclosure auction Jan. 28, according to a legal notice that appeared in the Boston Globe Jan. 6. The decision was made to postpone the auction on Jan. 28 prior to the commencement of bidding, said Bruce Barnett, a lawyer from local firm DLA Piper, which is representing LNR Properties, the Florida-based company that called the auction.

The rest of the story is posted on the Gazette’s website.

Leave a Reply

Your email address will not be published.