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

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Re: Filene's

I finally got back to Maine to check the Chronicle recording. They said One Franklin retail is 65 % lease. Zara, Godiva Chocolates, Club Monaco were mentioned.
 
Re: Filene's

Welcome to Kensington Part II
 
Re: Filene's

For what it is worth, both machines were still on site today and one was active.
 
Re: Filene's

Arch101 said:
It's official:

http://boston.bizjournals.com/boston/stories/2008/11/03/daily45.html
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what a freaking disaster this is. Looks like we now have two options. (1) a hole in Downtown Crossing for the foreseeable future or (2) a significantly scaled down project that is a shadow (he he) of its former self. Actually, we may see both things happen. Unreal. The sad part is a lot of the businesses depend on the foot traffic that Filene's Basement brought. Like it or not, that Filene's Basement is a huge destination for foreign and domestic visitors. Now there is really no reason for tourists to stop in Downtown Crossing.
 
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I predict a massive and successful lawsuit from Filene's Basement. The developer has breached their long-term pre-existing lease and made their space unusable.
 
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Quick, someone get Christo to build a giant tent over the site.
 
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This is inexcusable. Pelham was at least partly right when he said Hynes would ask for tax money.... Hynes diction clearly indicatated that to me... I don't know the specific arguments, but the City of Boston or Filene's Basement needs to do something.

This intersection is top 5 in the city, bar none and this just cannot be allowed PERIOD. No further argument needed.
 
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As much as I agree with SC&L arguments. This should get a stronger argument out of this forum's members considering there's a hole in the middle of one of the most important districts in Boston.
 
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Ron Newman said:
I predict a massive and successful lawsuit from Filene's Basement. The developer has breached their long-term pre-existing lease and made their space unusable.
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unless the lease agreement has a financing contingency clause but I doubt Filene's Basement would have signed such a lease....
 
Re: Filene's

I'm packing up and closing down.

I give up.

See you in two years when this bloodbath is over.
 
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Oh, wait, why didn't anyone come up with this headline:

"One Franklin on hold; developer looks for more Benjamins"

Scotty Van Voorhis, how we miss you!
 
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Okay -- can someone please tell what a completion bond is?

HOW CAN THIS CITY ALLOW BUILDERS TO START WITHOUT ALL OF THEIR FINANCING IN PLACE?
 
Re: Filene's

is there any silver lining/ any reason to be hopeful, or is this just as bad as it gets? Could the significance of this project any reason to hope for help from elsewhere?
 
Re: Filene's

nm88 said:
Okay -- can someone please tell what a completion bond is?

HOW CAN THIS CITY ALLOW BUILDERS TO START WITHOUT ALL OF THEIR FINANCING IN PLACE?
Click to expand...


Isnt waterside place in Chicago stopped halfway through due to cash?

I guess thats our consolation. It isnt just Boston

P1050788.jpg

P1120492_3_4.jpg



The crew has gone home and the equipment is going away
 
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