t:(978)496-2090 f:(978)496-2002

Bankruptcy Attorney David Chenelle notes that a Cape Cod real estate developer has filed for Chapter 11 bankruptcy protection.  As reported in the Boston Business Journal by Eric Convey, Stephen G. Powers, Manager of Forestdale Village LLC and developer of the project by the same name in Sandwich, MA was planning a mixed-use development which was to focus on both the 55+ community and military veterans.  Other interesting aspects of the project include its Chapter 40B status and emphasis on accessibility and open space.   More information is available at the links below:

http://www.bizjournals.com/boston/real_estate/2014/11/developer-of-cape-cod-55-plus-community-files-for.html

http://www.capecodbusiness.com/2010/08/mixed-use-village-proposed-in-forestdale/

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