News
Finally, One Franklin Revival
February 7, 2012
It's one of the best things that could happen to downtown CRE. The crater at Downtown Crossing (left in ?08 by Vornado et al when they halted a $700M development) will be filled with a $600M mixed-use project within a year, Mayor Tom Menino announced on Friday. NYC-based Millennium Partners, long active as developers a few blocks away, has agreed to build a retail, commercial, and residential complex at One Franklin, including the redevelopment of the old Filene?s building. Two weeks ago, Colliers co-chairman Tom Hynes predicted for us that construction was likely to start there within a year, what with thousands of rental apartments being built all around, property values strong, and City Hall encouragement. |