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Quick Worked Needed to Sell Corbin Plaza in Marlborough

September 15, 2010 – Perhaps the third time is the charm for Corbin Plaza, but it’s going to take some quick work. The 24,000-square-foot building at 110-118 Pleasant St. went on the auction block earlier this month for the third time in less than two years.
West Newton-based 110 Pleasant LLC placed the high bid at $356,000. The developer plans to convert the building into 17 condos and one business office, attorney Arthur Bergeron, representing 110 Pleasant LLC, wrote in City Council documents.

“It’s going to be a great use,” Councilor Steven Levy said. “It’s a good thing for the neighborhood.”

But since deadlines require the city and the developer to move quickly on the special permit application, city councilors plan to go through the process a little differently.

The developer, which needs to complete the purchase by mid-October, needs the special permit before it can get its funding in place.

The City Council’s Urban Affairs Committee will meet Tuesday to discuss the special permit application. The committee will also take resident feedback, which is normally reserved for the public hearing.

The public hearing will take place at the City Council’s Sept. 27 meeting, at which time the council will also vote on the proposal. If approved, the special permit process would end before the purchase deadline, and 110 Pleasant LLC could secure the funding.

“We do encourage residents to come to the Urban Affairs meeting if they have thoughts or concerns,” said Levy, the committee’s chairman.

If necessary, the Urban Affairs Committee will also hold a meeting next Wednesday, but Levy said he thinks the discussion could take just one night.

The developer has converted St. Mary’s Church in Marlborough into condos. Levy said he thinks the Corbin Plaza special permit will be similar to the one approved for the St. Mary’s project.

The latest purchase by 110 Pleasant LLC is the third time the property has changed hands in two years.

In April, Robert McCart, a Lincoln builder, won Corbin Plaza with a bid of $330,000.

In December 2008, Sudarshan Chatterjee, a doctor from North Andover, won the building with a $310,000 bid. Chatterjee replaced the windows and vinyl siding. He said he planned to open medical offices there but never started construction inside the building.

The city decided to sell Corbin Plaza at auction after foreclosing on the property earlier in 2008. The former landlord, Richard Bland, could not pay the back taxes and owed about $790,000, including interest and penalties, at the time of the December 2008 auction.

This story originally appeared here