In 2008, plans and proposals were unveiled and presented to public community hearings by the Corcoran-Jennison Company to redevelop the Bayside Exposition Center site on the Columbia Point peninsula into a mixed use village of storefronts and residences, called "Bayside on the Point". However, in 2009, the Bayside Expo Center property was lost in a foreclosure on Corcoran-Jennison to a Florida-based real estate firm, LNR/CMAT, who bought it. Soon after, the University of Massachusetts Boston bought the property from them to build future campus facilities.