STRIKE TWO! Boston Globe says buyer walking away from deal to buy its headquarters

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– News from elsewhere with implications for Quincy covered by Quincy Quarry News.

Strike two: The Boston Globe says buyer walking away from deal to buy its headquarters.

In a move fraught with potentially grave implications for Quincy Mayor Thomas P. Koch’s long ongoing but as yet still slow moving efforts to endeavor to see a “New Quincy Center” actually happen, the Boston Globe reports that the prospective buyer had walked away from its second attempt to sell its fifteen acre headquarters in Dorchester.

Cursed?
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Observers have long viewed the Globe’s headquarters as a prime opportunity for redevelopment as the Globe seeks to right size itself into a smaller operation; however, apparently both of the prospective buyers of the property have decided otherwise.

Rumors both abound as well as vary. 

Some suggest that perhaps the property is cursed. 

Tank cars full of ink?
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After all, after one hundred and forty-five years in operation, the Globe’s enemies list has to be even longer than former President Richard Nixon’s infamous enemies list.

Others suggest that it might have serious hazardous materials issues after many decades of the Globe buying ink by the tank carload.

And finally, there is the school of thought that the the post Crash of 2008 real estate development has not only run its course, but is also heading south as lending to this sector is drying up as fast as vacancy levels have been rising nationally.

What goes up usually also goes down and often hard
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Quincy Quarry considered reaching out to the the Koch Administration and self-proclaimed master developer for Quincy Center for comment about the latest failed sale of the Boston Globe’s headquarters; however, the Quarry saw no point listening to the expected explanation that lower cost Quincy was still prime for development when in point of fact commercial vacancies in Quincy as well as throughout the south of Boston region remain relatively close to post Crash of 2008 levels.

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