Science Park sold abruptly
Developer did not notify board or city
Seven years after partnering with the city and the University, the developer of Science Park at Yale has quietly agreed to sell the property, leaving the city and members of the complex’s nonprofit board of directors to learn the news from a newspaper brief.
Lyme Properties, which took charge of redeveloping the biotech incubator site in 2000, had struggled to fill vacancies and remodel buildings in the 80-acre complex before it agreed to sell the property to a realty trust last week. But the company never consulted with or even notified the city or the business park’s board,...
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