Let’s hope the Hub is not on Spitzer’s comeback tour
Developers can certainly be a colorful bunch. As a long-time business writer, I can say getting a chance to follow the Donald Trumps of the world makes the field a fun one to write about.
But couldn’t disgraced former New York Elliott Spitzer have picked a different field to make his comeback in?
Colorful is one thing, but sleazy is quite another.
I doubt you missed the news, but to recap, Spitzer is looking to make a comeback, not in politics, but rather as an investor in commercial real estate.
He starts on third base in this case, helping out with the purchase by his father’s firm of a $180 million office building in Washington, D.C. Of course, it also has to be just a few blocks from the now infamous Mayflower Hotel where Spitzer’s call-girl dalliances finally succeeded in wrecking his once-promising political career.
Let’s hope Boston is not the next city Spitzer’s comeback tour. Still, the fact that he former governor’s first conquest in commercial real estate comes at the expense of Broadway Partners is not a good sign in that regard.
The beleaguered New York firm has sold a number of properties in the Hub.
Of course, there may be any number of tempting targets in downtown Boston beyond Broadway’s portfolio for Spitzer and his dad to look at.
Stay tuned.