Word: groves
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...Grove Properties and the City of Cambridge had come to a verbal agreement last summer...
...apartment complex called 929 House, located four blocks from Harvard Yard on Mass Ave., is being sold to Grove Properties, a Connecticut firm. The complex, with a 57-tenant capacity, currently houses 43 low- and moderate-income residents...
Their plan called for Grove to keep all affordable units in exchange for $2.3 million low-interest loan to compensate the company's loss from controlling rents...
Councillors said they were not pleased by Grove's unwillingness to negotiate in good faith...
However, in mid-December, after presenting the proposal to their board of trustees, Grove told Cambridge that the deal was unacceptable, angering the councillors-who are considering seizing the property from Grove in exchange for the market price...