CityPlace Project Majority Owner Speaks On Stalled Project
The majority owner of CityPlace Burlington, Vermont, has told city leaders it is still committed to the project that stalled last summer.
New York real estate firm Brookfield Properties told the City Council on Tuesday that construction on the $225 million mixed-use development will begin in the spring. The Burlington Free Press reports the appearance by senior vice president Chase Martin was the first direct public statement regarding the property from Brookfield.
Developer Don Sinex had been the project's face to date as minority partner. Martin says Sinex remains a dedicated partner, but insists Brookfield is now fully engaged in "day-to-day operations."
Sinex did not attend the meeting.
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