General Growth Properties Inc., a REIT based out of Chicago that owns the Faneuil Hall Marketplace (including Quincy Market) in Boston, is in danger of going bankrupt, according to reports that have come out today. WBZ 1030 and other news outlets mentioned this morning that General Growth, which is one of the largest owners of malls in the United States, may have to file for bankruptcy in December unless they are able to extend their debt or refinance.
Quincy Market is a popular food court that contains more than 40 restaurants, including The Dog House, Steve's Greek Cuisine, Pizzeria Regina, Boston Chowda, and the Brown Derby Deli. It is one of several sections of the Faneuil Hall Marketplace, which also includes North Market, South Market and the historic Faneuil Hall itself.
General Growth Properties owns several other malls in New England, including the Natick Collection in Natick, the Silver City Galleria in Taunton, the Swansea Mall in Swansea, the Steeplegate Mall in Concord, NH, the Brass Mill Center in Waterbury, CT, The Shoppes at Buckland Hills in Manchester, CT, Providence Place in Providence, RI, and Burlington Town Center in Burlington, VT.
For more information on the troubles facing Faneuil Hall and Quincy Market, please go to the WBZ link below:
Faneuil Hall, Natick Collection Owner In Trouble
