Report: Reopening of Filene’s Basement in Boston Put on Hold
New York City The lead developer of Boston’s Downtown Crossing redevelopment project, home of the original Filene’s Basement outlet, has put the project on hold indefinitely until costs can be reduced and financing secured, Business First of Columbus reported. The store is located in a building that is being redeveloped as a mixed-use retail, office and residential center. It has been closed since last fall.
Developer John Hynes said at a real estate panel discussion last week that the project’s construction is being halted for at least 30 to 90 days, and that he was unsure when it may resume, according to the report.