This is an issue that is dear to many, if not all, Boston residents. For roughly 3 years now, there has been a gaping hole in the middle of the city's busy downtown crossing area. We've blogged about this before. We have been excited about possible new retail outlets that might move in to where Filene's used to be, and we've discussed the controversy surrounding the developers. Up until about a week ago, Vornando Realty Trust of New York was the sole developer linked to the site. Since then, it has been announced that Millenium Partners have taken control of the site. Vornado is now a more passive partner. Because it was due to Vornado's conflicts with our mayor, the project had been put on hold, this shift in command means that we should be able to expect some progress soon!
Millenium Partners are no strangers to this area in Boston. It developed the Ritz Carlton Tower and is currently at work with the Hayward Place residences across from the Ritz. Personally, I am excited about something being done to try and rectify this eyesore in one of the city's most frequented areas. Do you think this is promising? I certainly have my hopes up for the first time in a while.
(Source)