Real estate

Market Basket dispute stalls construction of Waltham real estate development

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Construction at a large real estate development on the former Polaroid Corp. site in Waltham has ground to a halt, tied up in a family battle for control of the Market Basket supermarket company.

Market Basket is expected to be the anchor tenant in the 280,000-square-foot mixed-use development, which includes other stores and offices. Mayor Jeannette McCarthy of Waltham said Friday that work on the development has been halted as a result of the internal battle at Market Basket between factions of the Demoulas family.

The board battle at the supermarket company has tied up payments of construction invoices and the processing of necessary paperwork, McCarthy said. The project had been scheduled to open in the first quarter of next year.

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