Bidding War Erupts Over Boston Flower Exchange

A bidding war has erupted over the Boston Flower Exchange’s property on Albany Street in the South End, with three more developers matching or exceeding a $35 million offer for the land made last year.

The new offers on the 5.6-acre parcel, which analysts say is one of the city’s most sought-after properties, were disclosed in a March letter from the exchange’s board of directors to its shareholders that was obtained by The Boston Globe.

The letter did not disclose who had bid on the property, but said the offers came with “minimal conditions” and were floated by “reputable, self-funded developers with experience developing projects in Boston and Cambridge.”

To read the rest of the story, please go to: Boston Globe