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

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Re: Millennium Tower - Filene's

Unloading lumber this morning from Summer St:

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Re: Millennium Tower - Filene's

Just gonna keep this thread bookmarked for the next year.
 
Re: Millennium Tower - Filene's

How long does it take to remove a tarp? Its been 10 days of removing the tarp hasn't it?
 
Re: Millennium Tower - Filene's

How long does it take to remove a tarp? Its been 10 days of removing the tarp hasn't it?

I know, right. Heck, they could probably have gathered a crowd and yanked it from the bottom, falling in grand fashion, and generating thunderous round of applause.
 
Re: Millennium Tower - Filene's

I don't think their work has been limited to the tarp. I got the chance to go into 45 Province on Saturday as part of the Downtown district's home tour and it looks like they've been doing a ton of work on the roof.
 
Re: Millennium Tower - Filene's

I walk by in the mornings. There is a spot on Hawley St. where there is no screen and you can see in. Lots of debris in the pit that they are removing. Lots of steel and I beams going into roll-offs. They seem to be removing lots of stuff from the interior. Lots of brick coming out as well. Definitely a lot happening.
 
Re: Millennium Tower - Filene's

I don't think their work has been limited to the tarp. I got the chance to go into 45 Province on Saturday as part of the Downtown district's home tour and it looks like they've been doing a ton of work on the roof.

I can confirm this. Most of the activity has been on the roof in the last week or so. Lots of demo work and lots of heavy equipment being raised to the roof via the crane.
 
Re: Millennium Tower - Filene's

Great to see things moving along here! However, given the sordid past on this project, I am sadly still waiting for another shoe to drop and see further delays.
 
Re: Millennium Tower - Filene's

Great to see things moving along here! However, given the sordid past on this project, I am sadly still waiting for another shoe to drop and see further delays.

Why? Because your spidey sense is tingling? It's a completely different developer, project, economy--you name it. Hundreds and hundreds of major CRE projects stalled during the 2007-2010 recession. The previous iteration--which again, bears no consequence on the current, completely different iteration--was just a particularly notable/headline-generating stalled project, for a variety of reasons. I just don't understand this kind of lazy reasoning/speculation.
 
Re: Millennium Tower - Filene's

I don't think there was any speculation there. Just pessimistic optimism.
Hray it's getting built, but I wouldn't be surprised.... type of thinking.
Setting yourself up for an easy letdown if it were to happen, and not getting too high. Seems reasonable with the Boston development track record.
 
Re: Millennium Tower - Filene's

@DBM:

This.

I don't think there was any speculation there. Just pessimistic optimism.
Hray it's getting built, but I wouldn't be surprised.... type of thinking.
Setting yourself up for an easy letdown if it were to happen, and not getting too high. Seems reasonable with the Boston development track record.

With a slight dose of sarcasm. Honestly, I do feel good about the prospects of this project.
 
Re: Millennium Tower - Filene's

@DBM:

This.


With a slight dose of sarcasm. Honestly, I do feel good about the prospects of this project.

Don't get me wrong--nothing is pre-ordained to succeed, just like nothing is pre-ordained to fail. But it just seems... lazy [for lack of better term] to air unsubstantiated speculation. If you're going to prognosticate, by all means do so--but back it up with data! "I think X project is going to fail because the loan size is Y per sq. ft. but that neighborhood's market can only support Y minus 1 rent per sq. ft., per sources A, B, and C." You know, something you can sink your teeth into.

For that matter, the phrase "the Boston development track record"--well, does our city suffer actually suffer from a disproportionate number of high-profile stalled or completely busted CRE redevelopment projects? If so, by what objective criteria, index, benchmark does one make the claim?

<For example, I would think a city like Las Vegas--notorious for attention-grabbing hucksters proposing mega-resort casinos just to gain media exposure--probably suffers from the worst "development track record"--if the criteria is merely number of projects pitched to the community vs. number actually built.>

thanks for indulging my crankiness...
 
Re: Millennium Tower - Filene's

Don't get me wrong--nothing is pre-ordained to succeed, just like nothing is pre-ordained to fail. But it just seems... lazy [for lack of better term] to air unsubstantiated speculation. If you're going to prognosticate, by all means do so--but back it up with data! "I think X project is going to fail because the loan size is Y per sq. ft. but that neighborhood's market can only support Y minus 1 rent per sq. ft., per sources A, B, and C." You know, something you can sink your teeth into.

For that matter, the phrase "the Boston development track record"--well, does our city suffer actually suffer from a disproportionate number of high-profile stalled or completely busted CRE redevelopment projects? If so, by what objective criteria, index, benchmark does one make the claim?

<For example, I would think a city like Las Vegas--notorious for attention-grabbing hucksters proposing mega-resort casinos just to gain media exposure--probably suffers from the worst "development track record"--if the criteria is merely number of projects pitched to the community vs. number actually built.>

thanks for indulging my crankiness...

I think its more like the Boston development track record for anything higher then 400 ft. Here are the numerous tall towers that stalled/cancelled:

Boylston Square: 550 ft
South Station Tower: 840 -->700 -->625 ft
South Bay (Gateway Center) Tower: 800 ft
Columbus Center: 425 ft
TransNational Place: 1000 ft
Aquarium Tower: 700 ft
Congress St Tower 1: 702 ft
Congress St Tower 2: 550 ft
Copley Tower: 625 ft

And these three that sort of stuck in the middle of progressing and being stalled in the past decade:
Nashua Street Residences: 415 ft
TD Garden Tower 1: 600~ft
TD Garden Tower 2: 400~ft

In a couple of years, we can also include the tower at Christian Science Center (500 ft) and that one near the JHT (forgot the name but I think it's going to be 400 ft), and Boylston Street Redux (I think it's also around 400ft?) that is if nothing progresses for them.
 
Re: Millennium Tower - Filene's

Didn't most of those towers get wiped out by the recession though? That's not terribly unexpected and isn't really something Boston can influence one way or another.

On the other hand the... the skyline would look insanely good with all those projects completed.
 
Re: Millennium Tower - Filene's

Didn't most of those towers get wiped out by the recession though?

Boylston Square - NIMBY's
SST - Been proposed since the 1990's
South Bay - ???
Columbus Center - Shit show
Transnational Place - FAA, terrible proposal...
Aquarium Tower - Menino hates Chiofaro
Congress St Towers - ???
Copley Tower - WTF?

Recession is no excuse when so many of the smaller, trivial projects get through. After heading to NC a year ago when Boston had a "record" amount of cranes, I return to... a city that looks exactly the same.
 
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