BOSTON – Developers intend to preserve the historic downtown building that housed the Filene’s flagship and build a 38-story glass tower behind it, according to Boston Redevelopment Authority spokeswoman Lucy Warsh.
In a draft proposal submitted to the BRA, Manhattan-based Vornado Realty Trust and its local partner, The Gale Co., said they would spend $620 million renovating two historic buildings and constructing a 38-story, mid-rise tower designed to hold residences and retail the developers hope will help gentrify the area.
Two Seventies-era buildings would be demolished to make room for the tower.
For complete coverage, see Monday’s WWD.