Developer Remains Committed To Vermont Downtown Project
A New York property developer says it remains committed to a long-stalled project that would reshape the downtown of Vermont's largest city, but it will be at least several months before construction can begin.
The CityPlace Project, originally projected to cost $225 million, was to include office and retail space, and apartments in downtown Burlington.
Demolition for the project was completed last year, leaving a hole in downtown Burlington where the project is to be built.
In a statement issued Friday, Will Voegele of Brookfield Properties asks for the community’s patience and more time is needed before construction can start. It says the company will be working with Burlington officials and others to ensure the design for CityPlace is consistent with the community's values and goals.
Burlington Mayor Miro Weinberger says despite his frustration with the additional delays there is “good reasoning” to continue the collaboration for now.
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