Thursday, September 18, 2008

Property Management company behind Boston's Columbia Point to build and manage developments in Dublin?

I'd heard this discussed in Dublin a few months back, and today I see it mentioned in the Irish Times:

"COLUMBIA POINT used to be one of the worst slums in North America. Despite its beautiful location on Boston Harbour, not far from the Kennedy Library, it was wracked by every imaginable social problem, mostly drug-related. It was a ghetto, physically isolated from the city, a place nobody wanted to go.

Mostly boarded up when developers Corcoran Mullins Jennison (CMJ) arrived on the scene in 1987, it became the first federal housing project in the United States to be converted to mixed-income housing.

And with the end-result winning several awards, it has served as an exemplary model for similar schemes elsewhere."
http://www.irishtimes.com/newspaper/property/2008/0918/1221599462240.html


Corcoran Mullins Jennison now are in the frame to also provide property development and property management for Dublin Corporation and Fingal (north Dublin) Council.

The anecdotal angle I heard in Dublin was that CMJ are seen as being tough, no-nonsense, efficient operators who would enforce control on public housing developments in a way which is not now taking place in Dublin. The Irish Times piece does allude to this, but in a nice way, talking about how people must be interviewed to get places at the housing developments, and so on.

I hope they get the contracts. Some problem developments in Dublin could do with being remodeled along the lines of Columbia Point.

No comments: