Basalt – The developer of the Willits Town Center in Basalt hopes to keep Whole Foods Market as an anchor tenant even though it won’t meet a June 1 deadline to provide a building for the grocer. “We’re continuing in discussions with them,” said Jayne Thompson, a spokeswoman for Chicago-based development firm Joseph Freed & Associates (JFA). JFA has a contract to provide a 44,000-square-foot space to Whole Foods on June 1. It is obvious that deadline won’t be met, although Thompson wouldn’t acknowledge the point last week. Construction on the building stalled Labor Day. Financing for the project dried up in the credit crisis, an official of the company said at the time. With the deadline just three weeks away, only the concrete foundation of the building has been completed.
By Scott Condon, May 11, 2009, AT

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