By: Jack Lambert
Facing public opposition and a new mayor who opposes his plans, developer Mark Ordan said he is done with his proposed redevelopment of the former Fawcett Boat Supplies building.
Ordan and his investors canceled their proposed $20 million redevelopment of 110 Compromise St., the developer told The Capital on Tuesday. The election of Republican Mayor-elect Mike Pantelides sealed the decision, he said.
“Look at the new mayor, who was against it,” Ordan said. “It was hardly worth our time, so we threw in the towel.”
Greg Kaufman, one of the two sellers of the property, confirmed that Ordan walked away from the deal around the time of the Nov. 5 election.
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