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

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Re: Filene's

I'm not a subscriber but can somebody copy the full article from Banker & Tradesman

http://www.bankerandtradesman.com/news139788.html

Kensington Saga Proves Menino?s Treatment Of Developers Is Separate, Unequal
Filene?s, Vornado Draw Mayor?s Public Vitriol, But Where?s The Outrage Over Kensington?s Failure?


By Scott Van Voorhis

Banker & Tradesman Columnist
08/23/10

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From Harvard?s Allston mess to the Filene?s fiasco in downtown Boston, we have the misfortune to be living in the era of the hole-in-the-ground developer.
 
Re: Filene's

Kensington Saga Proves Menino?s Treatment Of Developers Is Separate, Unequal
Filene?s, Vornado Draw Mayor?s Public Vitriol, But Where?s The Outrage Over Kensington?s Failure?


By Scott Van Voorhis

Banker & Tradesman Columnist
08/23/10

--------------------------------------------------------------------------------

From Harvard?s Allston mess to the Filene?s fiasco in downtown Boston, we have the misfortune to be living in the era of the hole-in-the-ground developer.

So why in the world have a private club and a boutique hotel been forced to go to the mat to stop yet another potential development fiasco, with little if any help from City Hall?

That?s the question after the Harvard Club and the Eliot Hotel successfully fought to a draw a developer with ties to a gaping, nearly decade-old development hole over on Lower Washington Street.

Fearing they would wind up with another Filene?s disaster on their front steps, the Harvard Club and the Eliot went to court last fall to stop plans by Kensington Investment Co. to transform a modest strip of Massachusetts Avenue building into an outsized commercial complex.

After all, it was Kensington Investment Co. which back in 2003 tore down the historic Gaiety Theater on Lower Washington Street to make way for a luxury apartment and rental tower that has yet to be built.

The Sound Of Silence

But city development officials have remained strangely silent about Kensington, saying nothing about the mess the firm left on Washington Street or its latest, worrisome endeavors.

And the silence stands in stark contrast to City Hall?s aggressive campaign against the erstwhile developers of the stalled Filene?s project, who, unlike Kensington, also happen to have the additional misfortune of not being very well liked by Mayor Thomas M. Menino.

Richard Bluestein, the high-powered Hub real estate attorney who represented the Harvard Club and the Eliot in their suit against Kensington?s plans, credits city officials for eventually rolling up their sleeves and trying to understand his clients? concerns.

But he acknowledges it took a while to get there.

?We were well into the process before the city engaged with us,? Bluestein said.

Kensington?s Massachusetts Avenue proposal itself was much too large, Bluestein and his clients argued, running right up to the Eliot, casting the Harvard Club into a deep shadow, and obstructing views from rooms at the club and the hotel.

But as much of a concern, Bluestein said, was Kensington?s development track record ? or lack thereof ? and what it might lead to at a time when projects stalling in midstream have become the norm, Bluestein made clear last fall when the suit was filed.

?We could end up with a shell of a building or something of that vein and that would be very bad for the neighborhood and for the Harvard Club and for the businesses next door,? he said.

Now, after months of legal skirmishing, Kensington has turned in permits that had authorized the firm to build a 50,000-square-foot office and retail complex right on the doorsteps of the Harvard Club and Eliot.

Still, it?s not quite over yet, with Kensington having just submitted to city officials revised plans for a dramatically smaller project, one that would add just a few thousand square feet.

Bluestein and his clients are now reviewing that proposal, likely looking for a potential Trojan Horse that might spoil their victory party.

But the fact Kensington even got that far with its plans ? even winning the blessing of the Boston Redevelopment Authority for its Massachusetts Avenue project ? does not reflect well on City Hall.

A giant hole remains at the former Gaiety Theater, just a short walk through Downtown Crossing near the much better known Filene?s development fiasco.

Playing Favorites?

But for some mysterious reason, Kensington has managed to evade City Hall?s wrath altogether for years now, while the developers behind the erstwhile Filene?s project have had to endure a stream of angry rhetoric from the mayor and his minions.

The contrast is certainly enlightening, to say the least.

Veteran Hub tower developer John Hynes saw his dreams of renovating the turn-of-the-century Filene?s building and putting up a tower next door vanish overnight after the global financial meltdown of September 2008.

Stuck with a half-demolished building and a big hole in the ground, Hynes and development partner, Big Apple retail giant Vornado, have since found themselves on the receiving end of a two-year-long mayoral tirade.

But you will have to search long and hard to find an angry word or even a frustrated comment or two from the mayor or from his development agency about Kensington and its own tower debacle.

John Palmieri, the BRA?s director, argued the difference in City Hall?s approach can be explained by the difference in importance between the two projects.

The $700 million Filene?s proposal left a hole in the heart of the city?s main shopping district.

The project and its problems attracted widespread media attention, with the city?s response heavily covered, Palmieri noted.

While seemingly close by, Kensington?s misfire on its plans for a 30-story apartment and condo tower on Lower Washington Street, a less high-profile location, has attracted little if any media attention, he pointed out.

That said, Palmieri said city officials have been keeping close tabs on Kensington?s efforts to revive its Washington Street tower plan, with a key meeting coming up with the developers next week.

?Each project needs to be considered separately,? Palmieri said.

Fair enough.

And who knows, with the rental market finally perking up and developers rolling out apartment tower plans right and left, maybe Kensington will finally find a way to connect with the ball here after years of strikeouts.

Still, this tale of two developers who left behind big messes in downtown Boston ? one to suffer big consequences while the other seemingly skates free ? raises more questions than it answers.
 
Re: Filene's

Removing the theater has increased the visibility of the two strip clubs. You can now see them from a block away on Washington. Wasn't taht the real reason the Gaiety was torn down?
 
Re: Filene's

To be fair, the city does have a point that Filene's is in a much more visible, high-trafficked area whereas the Chinatown "beach" is exactly that: In Chinatown. Let's face it, Chinatown ain't winning any awards for beauty (though, in my opinion, that's part of its charm). That said, I think we all know that part of the fact that there's been no pressure on the part of the mayor is because Kensington knows how to play. And maybe that's exactly it: The mayor likes the fact that there is a literal sandbox that can act as a metaphor for how he views the city.
 
Re: Filene's

They seem much more concerned by the prospect of 93 Mass Ave becoming a mini-Filene's-hole (which would eliminate their shade problem completely) than by the prospect of shadows from a completed building.
 
Re: Filene's

They seem much more concerned by the prospect of 93 Mass Ave becoming a mini-Filene's-hole (which would eliminate their shade problem completely) than by the prospect of shadows from a completed building.

They are claiming that's their concern now. During the entire community process, it was about "removing views" from the Eliot and Harvard Club. AKA The Shadows.

Mind you, those views are of the fucking ventilation shaft, alley and railroad bed, but anyways. This latest "Filene's Hole Redux" topic is brand new to me. And I follow that one closely, since it's a block from my house.
 
Re: Filene's

Looks like Vornado is working hard in better pastures.

http://news.yahoo.com/s/ap/us_empire_state_building_competitor

An NYC icon cries foul over proposed rival nearby

By VERENA DOBNIK, Associated Press Writer Verena Dobnik, Associated Press Writer ? Mon Aug 23, 11:54 pm ET
NEW YORK ? Look at Manhattan from afar, and the first thing you notice is the Empire State Building, spiking like a needle above the carpet of skyscrapers that coats Manhattan from tip to tip.

Now it's got some competition ? a proposal for a nearby glass office tower that would rise almost as high and alter the iconic skyline.

The tower would spoil the famous view of the 102-story skyscraper for millions of tourists, the Empire State Building's owner, Anthony Malkin, testified Monday at a City Council hearing. It "defines New York," he said.

Click image to see an artist's rendering of 15 Penn Plaza

AP/Pelli Clarke Pelli Architects

"We view this as an assault on New York City and its iconography," said Malkin, whose grandfather founded the Malkin Holdings company. It's "the end of the image of New York City that billions of people hold dear."

The City Council is to vote this week on whether to allow a developer to erect a 67-story tower that's only 34 feet lower than the 79-year-old Empire State Building, the city's tallest skyscraper.

The proposed tower's developer, David Greenbaum, says 15 Penn Plaza would provide critically needed and state-of-the-art office space to midtown Manhattan, creating at least 7,000 new jobs.

"The fact is, New York City's skyline has never stopped changing, and I certainly hope it never will," testified Greenbaum, president of Vornado Realty Trust's New York chapter.

The council's Zoning and Franchises subcommittee planned to vote Tuesday on whether to change rules. If they OK the plan, the final word would lie with the City Council ? unless the mayor objected.

Mayor Michael Bloomberg supports the tower, which was approved by the City Planning Commission last month, spokesman Stu Loeser said late Monday.

The building would stand two blocks west of the Empire State Building on the site of the current Hotel Pennsylvania on Seventh Avenue, steps from Madison Square Garden and Penn Station.

"Wow! Wouldn't that be sad!" said Christa Huggins, a 35-year-old from Utah visiting the Empire State Building's 102nd-floor observatory.

Huggins said she "loves the view of New York all the way around, but especially in that direction. And this would block it."

Renderings of the proposed building ? designed by Pelli Clarke Pelli Architects ? portray a skyscraper shaped like a giant chisel atop a block. It tapers to a flat edge at the peak and is marked by a top-to-bottom groove on its face.

In his last-ditch effort to change the plans, Malkin ? who also owns a stake in Vornado ? appealed to subcommittee members to make 15 Penn Plaza no more than 825 feet high, about two-thirds of the originally proposed size. In addition, he asked that it be streamlined to minimally obscure the view of the western side of the Empire State Building.

But the idea of even an 825-foot tower next to the 1,250-foot-tall Art Deco symbol of New York ? 1,454 feet including its spire ? disappointed some tourists.

"That would still be no good, because I like to look down at the streets of New York," said LeeSa Snarr, 37 ? who did so Monday from the 102nd floor.

Malkin told the subcommittee that the Empire State is "the No. 1 favorite building in the U.S., surpassing the White House."

It was the tallest building in the world when completed in November 1930. King Kong scaled it in the 1933 movie and subsequent remakes; a B-25 bomber crashed into it in fog in 1945.

It became the city's tallest building again after the World Trade Center was destroyed on Sept. 11, 2001. Its brightly lit spire shines different colors to celebrate national holidays and special occasions year-round.

Greenbaum testified that he would work to help improve nearby transportation facilities, including wider rail platforms at Penn Station, one of the world's busiest rail stations; provide better access to subway stations; and ease pedestrian and traffic congestion in the area, which also includes Macy's flagship department store.

He said he would reopen an underground passage connecting nearby subway lines and PATH commuter trains to New Jersey, so travelers don't have to go outside to transfer.

The developer has not set a target date for the tower's construction, saying Vornado needs to wait until it signs a large commercial tenant first.

Malkin said he favors the development of this midtown Manhattan neighborhood, but "we are concerned about the legacy" ? of the Empire State Building.
 
Re: Filene's

^ I don't know if this is any different than the Boston scenario - collecting permits and variances without intending to build (yet). Hopefully New York can avoid a Hotel Pennsylvania Hole.

The proposed tower's developer, David Greenbaum, says 15 Penn Plaza would provide critically needed and state-of-the-art office space to midtown Manhattan, creating at least 7,000 new jobs.

The developer has not set a target date for the tower's construction, saying Vornado needs to wait until it signs a large commercial tenant first.

Talk talk talk...
 
Re: Filene's

The hotel's a bit historic on its own, as its phone number was used for the Glenn Miller song Pennsylvania 6-5000. That's still its phone number today.
 
Re: Filene's

This is looking desperate.

http://www.bostonherald.com/busines..._to_fix_boston_blight/srvc=home&position=also

Tom Menino: Help me, Michael Bloomberg
Mayor seeks ally to force Vornado to fix Boston blight
By Jessica Van Sack

A furious Hub Mayor Thomas M. Menino yesterday notified Big Apple Mayor Michael Bloomberg that the developer proposing a controversial skyscraper beside the Empire State Building is the same builder that left an unfinished job - and a gaping hole - in the middle of downtown Boston.

New York?s city council could vote today on Vornado Realty Trust?s plans for a commercial office behemoth just 900 feet away from the erstwhile home of King Kong, topping out a scant 34 feet below the top of the iconic Midtown marvel.

Now, Menino is hoping New York officials will learn from the lessons of Boston. Vornado abruptly halted work in 2008 on its highly touted, $750 million redevelopment of the former Filene?s site, leaving a crater in the center of Downtown Crossing.

?They?re building a skyscraper and they can?t finish a project in Boston?? Menino said. ?Very ironic.?

After being informed of Vornado?s skyline-altering plans in New York, Menino had a top official call Bloomberg?s office to convey his plight with Vornado yesterday.

It was unclear whether Menino would take further action or ask Bloomberg, who has worked with him on his gun-control crusade, to reconsider his approval of Vornado?s project. Menino previously vowed to block Vornado from involvement in a resort casino proposal at Suffolk Downs, where they are minority owners.

?Just the arrogance of that corporation Vornado, saying we want to build a building (as high as) the Empire State Building when they have a project here in Boston that?s been unfinished for over 2 years,? Menino said. ?Very, very, very arrogant.?

Menino added, ?They have no respect for the business community of Boston or the people of Boston.?

Bloomberg spokesman Andrew Brent said Vornado?s unfinished business in Beantown won?t affect the mayor?s support, calling Vornado a ?well-respected developer? and noting the development aims to provide more than 7,000 jobs and badly needed commercial space.

Vornado spokesman Bud Perrone declined comment.

Steven Roth, chairman of Vornado, drew Menino?s ire in March after the billionaire developer told a Columbia University audience that he once left a Lexington Avenue site in New York ?vacant and blighted? to extract a cash windfall from the city through an eminent domain taking.

Menino accused Roth of pursuing the same strategy in the Hub, which Vornado has denied.
 
Re: Filene's

If they can't afford to finish our relatively small project, how can NYC depend on them to build a huge tower?
 
Re: Filene's

Completely different; different investors, different needs, different market.
 
Re: Filene's

Vornado is just asking for zoning approval; they say they have no plans to build anytime soon. I wrote about it on the Herald's site, today.
 
Re: Filene's

Vornado got his building approved

But New York Mayor Michael Bloomberg said Manhattan should embrace new investments, adding: "Anybody that builds a building in New York City changes its skyline.

"We don't have to run around to every other owner and apologize," Mr Bloomberg told a news conference.

"One guy owns a building, and he'd like to have it be the only tall building. I'm sorry that's not the real world," he added.

Mayor Menino should take these words to heart.
 
Re: Filene's

Anyone else find it pathetic that our mayor is whining to NY's? And what does Menino hope to accomplish by doing so? All it does it make him look impotent, small-time and clownish.

Menino said:
?Just the arrogance of that corporation Vornado, saying we want to build a building (as high as) the Empire State Building when they have a project here in Boston that?s been unfinished for over 2 years,? Menino said. ?Very, very, very arrogant.?

What about the arrogance of Kensington Investment Co., who've been sitting on a vacant lot just blocks away from Filenes after demolishing the Gaiety over 6 years ago? I guess it gets rewarded with a variance for a separate project on Mass Ave while the Kensington site gathers dust and lower Washington languishes.

Have we ever heard a single word of criticism toward Kensington? Or how about Millennium Partners for that matter, who've been sitting on the parking lot that was supposed to be Hayward Place for years after getting it in a sweetheart deal with the BRA.

Menino should be paying a little more attention to what's going here Boston, and less to what's going on in NY.
 
Re: Filene's

I hope NYC at least won't let Vornado tear down the Hotel Pennsylvania without assurance that they can finance and build their new tower.
 
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