Re: Filene's
First off - Tom Palmer has left the Globe and I believe he has started a PR firm.
Secondly, there has been no excitement or buzz about this property outside of Boston. Retailers do not want to feel like they are going to be just plain old "ground floor retail" in an office building. "One Franklin Street" with navy blue and gray corporate colors, benign glass-and-steel architecture with a flat-top roof sure looks and feels like any generic office building to me. Let me stress - I like the way it looks - but it doesn't look like an exciting mixed-use destination. It looks like an office building - and one that's not even in the traditional Financial District.
Nobody's talking about this project when you go to the ICSC in NYC or the national convention in Vegas. Real estate directors in the retail industry outside of Boston say "oh yeah, that's the site with that bargain basement" - an association with the words "bargain" and "basement" do not yield first-class rents.
The developer hasn't done anything to elevate people's expectations. We've heard that he's talked to Best Buy, Target, Whole Foods, Nordstrom - and I'm sure many more that we haven't heard about. Nobody's interested in moving into a new office building in a tired old gritty shopping district.
Take a look at this thread. Even though the property has been renamed One Franklin Street for awhile, we (and everyone) still call it the "Filene's Building" - this is a huge marketing error on the developer's part.
This development needs some buzz - some life, some action. Even if nothing's actually doing at the site.