Millennium Tower (Filene's) | 426 Washington Street | Downtown

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Re: Filene's

AdamBC said:
Why is everyone so concerned about the Target? It's not like they're going to be staying there forever. Currently DTX is where you go to Macy's, H&M and Marshalls and sketchy jewlery stores. If the are revives, and Target can no longer afford the rent, the space has been built out for a tenant better fitting the area. By putting a Target in a beaten up area, it will bring the kind of foot traffic that will cause the B&N and Borders spaces to be filled quicker than waiting another 10 years for a new Woolworths.
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Thats my point the entire area is nothing more than a Suburban Strip mall.
This is the city of Boston one of the greatest cities in the country and our Downtown is nothing more than a Midwest Stripmall.

Vornado Executives have to be laughing their asses off right now. Those Political morons in Mass. Thanks for being dipshits. Vornado makes millions on the deal and Downtown Boston becomes another Midwest Stripmall. Next Outback and McDonalds sign new leases to help the Downtown District expand.

In the end TARGET makes money and FILLS in the HOLE. But Downtown development nothing more than a Corporate Commericial Retail area. Nothing attractive or creative for DOWNTOWN Boston.
 
Re: Filene's

I was using destination store to mean a place to go when you aren't really looking to buy anything in particular. (the original Filene's Basement and Jordan's Furniture come to mind)

I have a Target close to where I live but I'll only go there if I need something I know they carry. Shopping there is kind of a depressing experience.
 
Re: Filene's

statler said:
I was using destination store to mean a place to go when you aren't really looking to buy anything in particular. (the original Filene's Basement and Jordan's Furniture come to mind)

I have a Target close to where I live but I'll only go there if I need something I know they carry. Shopping there is kind of a depressing experience.
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Okay, thanks for clarifying. I'm not sure that I agree with you here, but I get what you mean. I think sometimes it can work that way, but it can also work in the more targeted way:

HenryAlan headed for Target said:
I need an umbrella, since my CVS POS broke on the way to work. I'll head over to Target and look for something better. Oh, say, look at that store display, I'll take a quick pop into this boutique, then get my umbrella.
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Re: Filene's

I'm 100% for having Target here. The new walk-in business it generates will flow outward to neighboring storefronts, reducing vacancy throughout the area. Maybe we'll even get Barnes & Noble back (or, better, a branch of one of our local bookstores).
 
Re: Filene's

Just to clarify, I'm not against Target in this location, I just don't think it is the highest and best use for the spot.

Unfortunately, the highest and best use isn't realistic.

Instead of "better than a parking lot", this is "better than a empty, crumbling building".
 
Re: Filene's

I just want to be clear about how this would be carried out. While the old Filene's building is still mostly intact, it is in fact missing exterior walls facing the hole, right? So am I understanding that Vornado would carry out the necessary construction to bring Target in on a lease?
 
Re: Filene's

Shepard said:
I just want to be clear about how this would be carried out. While the old Filene's building is still mostly intact, it is in fact missing exterior walls facing the hole, right? So am I understanding that Vornado would carry out the necessary construction to bring Target in on a lease?
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I believe Vornado is selling the building itself to Target as is and it would be their (Target's) problem from then on. As I understand the article, this is not a lease, but an actual purchase. This would officially separate the Filene's building from the One Franklin development.
 
Re: Filene's

So is Vornado splitting the lot? Or would Target get the hole as well?
 
Re: Filene's

statler said:
So is Vornado splitting the lot? Or would Target get the hole as well?
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Scroll back 2 pages and read the article for yourself to get your own interpretation. It appears that yes, Vornado is splitting the lot, selling only the building to Target (I had no idea they would be willing to purchase an entire building) and the hole would remain property of Vornado. Vornado will then sell the hole to a developer and Target would eventually sell the building to a developer. Whether it's the same developer that purchases these remains to be seen.
 
Re: Filene's

I wouldn't mind seeing this lot getting developed by two different developers.

I understand the the economics might make it it impossible/impracticable but two discrete buildings on that parcel would be nice.

Plus, it opens up the possibility of a cool, skinny tower.
 
Re: Filene's

It's funny to call a structure with only two exterior walls standing a 'buildling' ...
 
Re: Filene's

Ron Newman said:
It's funny to call a structure with only two exterior walls standing a 'buildling' ...
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As long as the Washington St and Summer St facades are standing, it's a Daniel Burnham building.
 
Re: Filene's

The roof is still intact as well, no?
 
Re: Filene's

What tops this whole entire CLUSTER FUCK situation we have is that the BRA then gives HYNES the go ahead to move forward with the Seaport District......

Gotta love the mindless morons that run this city.
 
Re: Filene's

statler said:
The roof is still intact as well, no?
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The last time I was on it in late 2008, it was stabilized and in pretty good shape. However, I'll bet there's water in the subterranean levels.
 
Re: Filene's

TheRifleman said:
What tops this whole entire CLUSTER FUCK situation we have is that the BRA then gives HYNES the go ahead to move forward with the Seaport District......

Gotta love the mindless morons that run this city.
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You've yet to demonstrate how this is a "CLUSTER FUCK," and clearly many of us don't remotely agree with that assessment. Either way, how is this related to happenings in the Seaport? Target in downtown crossing is either a good idea or not, completely independent of all the other good and bad ideas.
 
Re: Filene's

TheRifleman said:
Thats my point the entire area is nothing more than a Suburban Strip mall.
This is the city of Boston one of the greatest cities in the country and our Downtown is nothing more than a Midwest Stripmall.

Vornado Executives have to be laughing their asses off right now. Those Political morons in Mass. Thanks for being dipshits. Vornado makes millions on the deal and Downtown Boston becomes another Midwest Stripmall. Next Outback and McDonalds sign new leases to help the Downtown District expand.

In the end TARGET makes money and FILLS in the HOLE. But Downtown development nothing more than a Corporate Commericial Retail area. Nothing attractive or creative for DOWNTOWN Boston.
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Riff -- put down the ram rod and step away from your priming pan

Im sorry but your sense of timing is off by about 100 years -- Target aka tarjay is as important and significant a retailer today as R.H. White or Raymonds were in their day.

1) I'll bet that a good fraction of the workers in the offices within a few blocks of Washington & Summer as well as most of the students in the various Boston and Cambridge colleges and universities are not only familar with Target -- they are probably Target afectionados.

2) Having Target's real estate component involved means that they will do a good job renovating and restoring the Burnham building

3) A Successful Target on the prime corner will re-activate the other retail potential of the DTX (e.g. Borders) and even lead to something filling the hole of One Franklin
 
Re: Filene's

datadyne007 said:
Scroll back 2 pages and read the article for yourself to get your own interpretation. It appears that yes, Vornado is splitting the lot, selling only the building to Target (I had no idea they would be willing to purchase an entire building) and the hole would remain property of Vornado. Vornado will then sell the hole to a developer and Target would eventually sell the building to a developer. Whether it's the same developer that purchases these remains to be seen.
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No if you read it;
1) Target's real estate venture buys the Burnham Bldg from Vornado
2) Target real estate -- I thinks it is called homeland or greatladnd or something or other redevelops the Burnham Bldg. into a 3 floor signature Target complete with groceries and food court
3) Target real estate sells the redeveloped building to someone who wants to own it and takes a long term lease
4) the hole is still Vornado's until they find another developer
 
Re: Filene's

whighlander said:
No if you read it;
1) Target's real estate venture buys the Burnham Bldg from Vornado
2) Target real estate -- I thinks it is called homeland or greatladnd or something or other redevelops the Burnham Bldg. into a 3 floor signature Target complete with groceries and food court
3) Target real estate sells the redeveloped building to someone who wants to own it and takes a long term lease
4) the hole is still Vornado's until they find another developer
Click to expand...

From target's real estate site:
http://pressroom.target.com/pr/news/target-real-estate-facts.aspx



We identify potential new store opportunities in trade areas that are underserved or have the potential for new population growth. We analyze extensive data on existing stores’ performance, demographics, competition and market potential to identify areas that would be well-served by a new Target store.

Throughout our new store development process, we partner closely with local officials and citizen groups to ensure we build stores that are sensitive to the needs of each community.
We currently build two different types of stores:

Our general merchandise stores feature a blend of everyday essentials including household products, electronics, clothing, an assortment of food and seasonal merchandise. Each general merchandise store employs 150-250 team members and is approximately 128,000 square feet in size. Some general merchandise stores even provide an expanded food offering, including basic pre-packaged fresh produce, a limited assortment of fresh packaged meat and pre-packaged baked goods.

Our SuperTarget stores offer everything found in a general merchandise store, but also include amenities such as a full grocery selection, fresh produce, bakery and deli. SuperTarget is also a certified organic produce retailer. Each SuperTarget store employs 200-300 team members and is approximately 186,000 square feet in size.
 
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