taken from THIS article in the Boston Business Journal:
Menino announced that New York-based developer Midwood Investment and Development will soon file plans with the BRA to develop the building at Bromfield and Washington streets, where the current Payless Shoes is located. The plans include demolishing the current site and raising a 436,000-square-foot, 28-story building with 260 residential units. The building will consist of 23 floors of rental residential units, three floors of parking, and three floors of retail space. Total project cost is $200 million, according to the BRA.