Hey, there! Log in / Register

City's largest hole digger finally walks away from Hole

By adamg on Thu, 04/25/2013 - 3:17pm

The Boston Business Journal reports Vornado Realty Trust has washed its hands of the Filene's project, with the help of $45 million from Millennium Partners, which bought its 50% share of the project. Under Millennium Partners' control, the project is actually back underway.

Neighborhoods: 
Downtown
Free tagging: 
Development
Downtown Crossing
Filene's


Ad:


Like the job UHub is doing? Consider a contribution. Thanks!

Comments

By Dan Farnkoff on Thu, 04/25/2013 - 4:41pm.

For all the talk of how tough he could be with people who he didn't like, he rolled over and played dead like a good puppy dog for the scumbags of Vornado Realty Trust.
No humble resident would have ever got away with blighting a whole neighborhood the way these guys did. Wasn't that the point of the BRA in the first place- to fight "blight"? Well this was it, in the flesh, and they let it go on for like five years rather than use their power of eminent domain to kick these fuckheads the hell back to wherever they came from. Did Vornado lose a penny on this whole fiasco? I sure hope so, because other business owners in DTX sure did. And we all had to put up with the sight of it every day, a big festering sore in the center of the city, like a big sign saying "Fuck you, Boston- sincerely, a bunch of rich fucks who don't have to live next to this crater". I'll never understand the way this was handled.

up
Voting closed 0

By anon on Thu, 04/25/2013 - 7:31pm.

Not only that, but, until the refused to to go through the vetting process in the past couple months, they were part owners of Suffolk Downs and Menino was pushing hard to make them even richer with a casino.

up
Voting closed 0

By kvn on Fri, 04/26/2013 - 7:08am.

Maybe the Hynes family still has juice.

up
Voting closed 0

By anon on Thu, 04/25/2013 - 11:42pm.

Yes, a disgrace. But isn't the hole Harvard dug on Western Avenue in Allston bigger? Why didn't cranky Tom tell the university to stop emptying out the properties it owns? Build or sell? He is a micromanager, but can be oddly passive.

up
Voting closed 0

By kvn on Fri, 04/26/2013 - 7:32am.

Harvard as well has plenty of juice too.

up
Voting closed 0

By adamg on Fri, 04/26/2013 - 7:57am.

Or just a vast empty field? In any case, you're right - Harvard has the "science center" (and now the empty Allston rail yard).

up
Voting closed 0

By anon on Fri, 04/26/2013 - 12:16pm.

It's actually a partially built basement that is now decked over.

up
Voting closed 0