0 Walgreens in Downtown Crossing Opens

Posted on May 2, 2013 by Wil Catlin

Walgreens in Downtown Crossing in Boston

Photo Credit: Boston Business Journal

Are you looking for Sushi, snacks, pharmacy or a Café 24 /7? If so, you can now visit the new Walgreens at School and Washington streets in downtown crossing.

The Boston Business Journal today published an in-depth look at Boston’s flagship Walgreens location, noting that the modern convenience store “features a prepared food market, a 2,000-square-foot liquor store on the mezzanine, and everything else found in a typical drug store and more.”

The design and interior architecture also modifies some of the building’s traditional aesthetic, offering restored marble and limestone walls, dark wood paneling and a wealth of natural light.

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0 Leasing Agreement and Construction Activity at Filene’s Site

Posted on January 31, 2013 by Wil Catlin

Construction site at Filene's in downtown Boston

Photo Credit: Boston Globe

The stock market recently closed at levels just above the market high of December 2007, which points to our national recovery. Locally, the hole in the ground — formerly known as Filene’s in Downtown Crossing — should soon be filled in, as our economy continues to grow out of the hole created in 2008.

The Boston Globe notes the importance of the hub landmark, “the Filene’s redevelopment is crucial to the broader campaign of revitalizing downtown Boston and its shopping district. Positioned at the center of Downtown Crossing, it would bring an influx of new residents and stores to an area that has just begun to shrug off a reputation as a second-rate retail destination.”

Jump over to the Boston Globe for more information on the impending leasing agreement and restart of construction at Filene’s. Alternatively, click through to view office space for lease in the downtown area.

0 Arnold Worldwide Considers Relocation To Filene’s Building in Downtown Crossing

Posted on January 4, 2013 by Wil Catlin

Photo Credit: Banker & Tradesman

Will they or won’t they? If Arnold Worldwide takes the plunge, it would be great move for the community; bringing a large workforce to the once famed Burnham building that has been vacant for years. With market rents in the Financial District hovering about 15 – 20 percent below Back Bay, this could create an interesting domino effect.

According to an article on Banker & Tradesman, “a marquee anchor tenant like Arnold for the property known as the Burnham building could be the golden ticket project developer Millennium Partners needs to secure financing and start construction of a 625-foot, 600-unit residential skyscraper adjacent to the Burnham.”

0 Developers Cautious of Downtown Crossing Projects

Posted on November 20, 2012 by Wil Catlin

Office vacancy in downtown crossing at the old Filenes building

Photo Credit: Mark Garfinkel, Boston Herald

Some developers of new mixed-use projects are cautious when it comes to the Boston office market market.

A Boston Herald report notes:

A New York developer who filed plans for a 28-story apartment and retail tower on Washington Street four years ago — in the teeth of the Great Recession — is not yet sold on the shopping district’s recovery.

“We wouldn’t consider doing anything until that hole across the street is filled,” said John Usdan, president of Midwood Management, referring to the partially demolished Filene’s block.

To read the Herald’s full coverage, click through to their piece, Developer not sold on downtown