Meanwhile at the Muzi site in Needham
The fact that it took nearly two years to rezone the site of the former Muzi Motors in Needham didn’t help.
Neither did the months-long, drawn-out approval process before Needham’s Planning Board.
But Bulfinch Companies President Robert Schlager is making it clear that he’s patiently waiting for the economy and the right tenant, or tenants, to show interest in his 10 acre project at right off I-95 at Highland Ave.
In fact, in an interview with the new hyper-local news site the Needham Observer, Schlager sounded rather Zen-like.
“We’re probably going to announce a leasing broker in the next 90 days or so, but that’s about it,” Schlager told the Observer’s Peter O’Neil.
“The honest answer is we don’t have any prospective tenants, When we began permitting the project it was a different environment than what exists today."
“We’ll sit back and wait to see how the market reacts to what’s happening with all the vacant space, the increase in interest rates and what appears to, unfortunately, be some defections from companies.”
Bulfinch purchased the former Muzi properties for $57.5 million in December 2021.
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