Business

Quincy Center’s developer gets ultimatum

Quincy, Massachusetts 06/05/2013 Downtown Quincy will be going through a major redevelopment project. A 15 story building will be located on Cottage Street that now has parking spaces.( Jonathan.Wiggs )Topic:Section:Reporter: Topic: Reporter:
On Tuesday, Streets-works Development LLC, the master developer of a $1.6 billion redevelopment project in Quincy, was given 30 days to begin the next phase of the project. Credit: Jonathan Wiggs/Globe Staff/File

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Mayor Thomas P. Koch on Tuesday gave Street-Works Development LLC, the master developer of the Quincy Center revitalization, 30 days to begin the next phase of the $1.6 billion development.

“We made a decision to put Street-Works on notice, effective tomorrow . . . that they are in default, and they have a 30-day period to resolve those issues,’’ said Koch.

The mayor’s comments are the latest blow to Street-Works. Last week, the mayor and private investors revealed they were negotiating to remove Street-Works entirely from the Merchants Row phase, where construction has begun. Now the company is facing the prospect of removal from the entire project.

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