Developer blames lack of construction on majority partner

Published: Nov. 1, 2018 at 11:40 AM EDT
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A Burlington developer says work is being held up at a $255 million downtown mixed-use project due to delays from his majority partner.

Don Sinex says New York-based Brookfield Asset Management has not authorized him to submit documents for a foundation permit from the city. The Burlington Free Press reports Brookfield owns 51 percent of the joint CityPlace Burlington venture, while Sinex's Devonwood Investors LLC owns 49 percent.

Sinex declined to comment on why Brookfield hasn't given him the go-ahead. Calls to Brookfield on Wednesday were not immediately returned.

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