Posted Feb 3, 2012, 10:42 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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http://www.bostonherald.com/business...00964&srvc=rss
Millennium to build $500M, 600-foot tower at Filene’s site
By Brendan Lynch
February 3, 2012
Quote:
Millennium Partners will take over One Franklin, the former site of Filene’s, and develop a $500 million, 1.2 million-square-foot, mixed-use development tower that could hit 600 feet in height.
Mayor Thomas M. Menino announced the project with Millennium at Boston City Hall this morning.
“Yesterday, Millennium Partners agreed to take a controlling stake in the development project at One Franklin — the Filene’s site,” Menino said. “It’s a first step toward a new beginning at this historic site."
"They’re creative and they get the job done,” he said. “I tell you, a lot of developers come and go, but Millennium Partners comes into the city and gets the job done.”
Boston Redevelopment Authority Executive Director Peter Meade said a plan will be submitted to the BRA within 60 days, after which there will be community meetings and BRA suggestions on the eventual design, which is expected to be thinner than Vornado’s original tower.
“All of that takes some time to get done,” he said. “Frankly, breaking ground by this time next year is an ambitious goal, one we hope to keep.”
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