Filene's Downtown Crossing site back on the market

WBZ-AM File

The hole in Downtown Crossing. (WBZ-AM File)

The site of the former Filene’s department store in downtown Boston has been put up for sale by the owners who have struggled for two years to redevelop the property during a poor economy.

The site has been put on the market just as city officials said they will take the unprecedented step of revoking the project’s permits next week.

Developers Vornado Realty Trust of New York and John B. Hynes III had planned on building a $750 million, 39-story mixed-use building at the site. But financing problems stalled construction and left a gaping, ugly scar in the heart of the city’s shopping district.

Robert Griffin, manager of the broker for the site, tells The Boston Globe there has already been some interest in the space for a building including apartments, retail stores and offices.

Comments

One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Summer of Savings
Download Weather App

Listen Live