Another Boston institution has set a closing date.
Vendors at the Boston Flower Exchange in the South End have been told they need to move out by the end of the year, to make way for a new owner at the 5.6-acre site in the South End.
It’s still not clear who that new owner will be, or what they will put there. When the building went up for sale last year, a bidding war among big-name developers drove the price north of $40 million, according to people familiar with the deal. But closing the sale has taken longer than expected, said Joe Cefalo, an attorney who sits on the Flower Exchange board and is handling the deal.
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