Unions will take less pay to jumpstart stalled East Boston project

Thomas Grillo Real Estate Editor- Boston Business Journal Email In a major concession, the Hub’s trade unions are willing to forfeit $5 million in wages and benefits to jumpstart a stalled $25 million waterfront apartment development in East Boston. “We will use whatever is within our power to make this project happen and move East Boston forward,” said Martin Walsh, general agent of the Building and Construction Trades Council. “We will not be obstructionists in reaching an agreement.” Philip DeNormandie, founder of DeNormandie Cos., has been hammering out a deal with the trade unions on DeNormandie Wharf on Sumner Street that will include a five-story woodframe building with 97...