Suffolk Place seeks $300,000 as construction faces remediation cost overruns Suffolk Place LLC requested a $300,000 CPA grant to cover about $500,000 in development cost increases driven by site remediation (asbestos, lead), higher materials costs and interest expense; the 33‑unit project broke ground in April 2025 and expects completion in June 2025.

Suffolk Place LLC is seeking a $300,000 grant to overcome substantial cost overruns, unveiling a looming challenge in their ambitious 33-unit housing project set to transform Market Street.

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