While still pursuing development of its 16.5-acre headquarters tract, the Boston Globe over the weekend announced it would not be selling its Dorchester property to Winstanley Enterprises.
"We have enjoyed an excellent rapport with Winstanley Enterprises throughout the due diligence process, however the developer decided to not move forward with their redevelopment plan after one of their capital partners withdrew from the project," Globe President and CEO Mike Sheehan said in a statement.
He added, "The property is a well-situated and sizable parcel of land and we will want to find the right partner, but we are in no rush. We will be moving forward with relocation plans for our production facility and editorial and business staff without delay."
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