In the attached complaint, BP Hancock LLC alleges Vineyard Offshore, a Vineyard Wind parent company, is delinquent in paying rent for its space in the famous John Hancock Tower (now known as 200 Clarendon Street) in Boston.
Vineyard Wind had leased 28,370 square feet of space, constituting the entire eighteenth floor of the tower.
Per the complaint:
- As of the date of this Complaint, Tenant owes Landlord $824,338.99 in Rent, Additional Rent, and late fees.
- Furthermore, Tenant remains obligated to replenish the Security Deposit in the full amount of $386,810.00 as provided under Section 16.26 of the Lease.
As many of you know, Vineyard Wind is engaged in an ugly dispute with its primary contractor, GE Vernova, which was ordered to continue work on the project even though Vineyard Wind stopped making payments.
Particularly troubling from an OCS policy perspective, BOEM waived the “pay as you build” decommissioning financial assurance requirement for Vineyard Wind and subsequently relaxed financial assurance requirements for all offshore wind projects.
Bud's Offshore Energy (BOE) 