Word: riverfront
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Dates: during 2010-2010
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Lingering in the background of these developments were Harvard’s efforts to purchase the Bennett Street Yards, a prime stretch of riverfront property owned by the Massachusetts Transit Authority. The negotiations stretched from 1955 to 1966 and pitted the University against Cambridge City Council officials—particularly Alfred “Big Al” E. Velucci—who were opposed to the idea of a tax-exempt organization such as Harvard taking over an even larger share of lucrative Cambridge real estate...
...could be sold for redevelopment, he took the compensation payment and bought an apartment on Shanghai's outskirts. Eight years later, after cleverly parlaying that first asset, the cabbie owns three apartments in the city and has his eyes on something bigger: a lovely five-bedroom, riverfront suburban house, owned but never occupied by a coal magnate from Shanxi province. "How much does he want for it?" he asked a local real estate agent in late February. When told the answer was $735,000, Yang didn't blink. "I'd like to make an offer." (Read "Bubble Trouble: Why Real...