The Gentrification of Downtown Crossing Continues
Mayor Menino has been taking retailers on a tour of the Downtown Crossing area in hopes of attracting them to open up outposts there. In addition, some new big developments are in play.
Menino announced that New York-based developer Midwood Investment and Development will soon file plans with the BRA to develop the building at Bromfield and Washington streets, where the current Payless Shoes is located. The plans include demolishing the current site and raising a 436,000-square-foot, 28-story building with 260 residential units. The building will consist of 23 floors of rental residential units, three floors of parking, and three floors of retail space. Total project cost is $200 million, according to the BRA.
Which retailers were on the tour? 1-800-Flowers, Aveda, Chipotle, Wagamama, Planet Fitness, Yum! Brands, Boloco, Chunky’s Cinema Pub and Foodie’s Urban Market, Ulta Salon, and Five Guys Burgers and Fries were all there.
Personally, I have my fingers crossed for the Chipotle or Five Guys Burgers.
Click (here) or (here) to read more about the tour.
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