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Former Filene's site to restart contruction in Downtown Boston

The former Filene's site in 2009. A deal between developer Vornado Realty Trust and Boston firm Millennium Partners aims to restart construction at the Downtown Crossing eyesore.

Since 2009, the Downtown crossing site that used to be the Filene's store has been abandoned. For such a central location in Boston, you would think that many developers would be interested in building residential or commercial space but no one until now had either offered enough money or shown enough credentials to show that they could do it.

The previous owner had started demolition in 2008 to build condos, stores and a hotel but funding became a problem and the construction was stopped.

A New York real estate company will join a local developer to build on this excellent location.

The 2 companies will be working in the next few months to propose a plan on how they want to build and what it will be.

For more information, please contact Emmanuel Scibilia at 617-669-6277

Posted at 02/03/2012 01:04 PM by Emmanuel Scibilia

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