Thursday, December 6, 2007

Lagasse, Karp and a Hotel on the Waterfront

In Provincetown.

The worst kept secret is revealed. The Karp is out of the bag.

The Provincetown Banner quotes Chuck Lagasse as saying Steve Karp is definitely part of bid to buy Provincetown's Fisherman's Wharf, and they might just build a hotel on top of it.

A decision on whether to purchase Fisherman’s Wharf should be made around the end of this year, and Lagasse said he plans on traveling to Provincetown this month to continue his due diligence. In addition to Lagasse, his wife Ann and Boston-based developer Steven Karp are also partners in the potential Fisherman’s Wharf purchase, he said.

Karp is a real estate billionaire who, among other projects, has been instrumental in the high-end redevelopment of Nantucket. Karp and the Lagasses are partners in a major redevelopment project on Newburyport’s waterfront, which includes multiple marinas. As part of that project, Lagasse said earlier that one of the first priorities would be to find a hotel partner to agree to come to that city.

“He [Karp] is a very knowledgeable and sensitive guy to be involved. I’m proud of our team and proud of our track record,” Lagasse said.


So there you go.

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