This just in! In a vote of 191 to 112, the shareholders of Whitman Owners Corp have voted “NO” to further investigate a lucrative offer to purchase 387,000 square foot parcel of land on Pineapple Walk.
“I’m thrilled that the majority of our fellow shareholders were able to see past this seemingly attractive, but short-sighted and destructive deal and vote no. Our sense of community for the greater good within our own building, and towards our neighbors and local small business owners has won.” said Mary Kim, a Whitman resident of 11 years.
During a closed-door meeting held Monday night, where shareholders learned that Andau Enterprises had upped the offer from $75 to $130 million, the board made it clear that a “NO” vote would not only affect this offer but how they respond to potential future offers. It was not however, made clear under what conditions the Board would re-consider this position.