Filene?s Basement to grow, gain street entrance
By Donna Goodison
Tuesday, March 27, 2007 - Updated: 01:29 AM EST
Boston?s flagship Filene?s Basement will be 20 percent larger and will provide shoppers with direct access from the street when it reopens at Downtown Crossing in 2009 after a nearly two-year hiatus.
The landmark store, known for its automatic markdowns, will expand to about 80,000 square feet, and from two floors to three floors, after a massive redevelopment of its longtime quarters at the Filene?s building is completed, a company spokeswoman confirmed yesterday. The Herald reported in November that such a plan was under consideration.
The store also will get its first entrances from the street when it reopens. Two separate entrances on Washington Street and Summer Street will open to banks of escalators that will take customers down to the subterranean store, the spokeswoman said. Customers now enter via the former Filene?s space upstairs or underground entrances in the MBTA station.
Owner Retail Ventures Inc. of Columbus, Ohio, continues to search for space to temporarily house Filene?s Basement after it closes later this year, the spokeswoman said. But the landlord of what?s considered the prime Downtown Crossing location for that - the former Barnes & Noble bookstore space on Washington Street - says talks are going nowhere.
?We talk and make offers, and they don?t respond or make absurd counter (offers) indicating that they don?t want to make a deal,? said Robert Posner of Commonwealth Holding LP, the Brookline company that?s offered 49,000 square feet to Filene?s Basement. ?Their last counter was no fixed rent whatsoever. They would move in and pay some unspecified percentage of sales.?
Retail leases typically are structured to include base rent and additional payments based on a percentage of a store?s sales.
Nevertheless, Posner said, he?s trying to keep talks alive. Boston Mayor Thomas Menino has stressed the need for the Boston store to remain open to continue to drive shoppers to the troubled retail district.
Meantime, Filene?s Basement is in contract negotiations with 170 United Food and Commercial Workers union employees who are concerned about their fate when the store closes and how they?ll be compensated.