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– the old Patriot Ledger building – for nearly $2 million. In February, a subsidiary of XS Brokers Insurance, which is located at 10 Granite St., bought 13-17 Temple St.
“I’m completely committed here,” Keka said Monday. Alba had been renting the space at 1468 Hancock St. Last month, a company led by Leo Keka, the owner of Alba restaurant at 1486 Hancock St., bought the building that houses the restaurant’s seating area. “There are those who see it as a financial opportunity and some who see a development opportunity,” Walker said. Walker said the recent spate of real-estate deals shows the growth potential viewed in Quincy Center. Christopher Walker, a spokesman for Koch, said the mayor has been in talks with Shapiro about his plans for the downtown properties, and he expects those conversations will continue. Shapiro could not be reached for comment Monday. In September, a company led by Shapiro purchased properties at the corner of Cottage Avenue and Hancock Street for $4.1 million. One businessman showing great interest in Quincy Center is Andrian Shapiro, who last month purchased three properties on the Parkingway, including the IHOP restaurant and the building that once held Outback Steakhouse, for $14.6 million. “In the past six months, we have seen robust investment of private money in downtown Quincy,” Sean Kenealy, president of Quincy-based Key Realty, said. The deals come as Mayor Thomas Koch tries to execute a long-desired plan to revitalize downtown. Since February, private companies have spent more than $36 million to acquire 11 buildings in an area pegged for a major transformation. QUINCY – The city’s downtown redevelopment project has been on hold for the past year, but the lack of construction hasn’t cooled off the real-estate market in Quincy Center.
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