Projo Biz Blog

Dimeo Construction Co. is claiming financially troubled General Growth Properties Inc. owes the Providence construction firm $12.6 million for work it did on a Massachusetts mixed-use project, according to a Dimeo executive.

Dimeo filed the lien on Nouvelle at Natick, the 215-unit condominium project General Growth attached to Natick Collection, its enclosed shopping center along Route 9 in Natick, Mass. A $370-million addition to the mall opened in September 2007.

The $170-million condo project was finished in the fall of 2008, according to Stephen Rutledge, Dimeo's chief executive officer. The Providence company notified General Growth in November 2008 that it wanted the remaining money it was due.

General Growth, which also owns Providence Place mall, filed the nation's largest bankruptcy request in April, prompting Dimeo to place the lien on the Massachusetts property.

Rutledge, during a phone interview, sounded unruffled by the need to chase after the money in court.

"It will resolve itself," he said. "We have a very strong balance sheet [and] a good book of work."

 Tags  bankruptcy Dimeo Construction General Growth malls

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