With the closing of Historic Filene's Basement in Downtown Boston, the heart of the city will be revamped with a fresh new look. A 38 tower retail building will be added above Filnene's Basement when the project is completed. Some of the other changes that will be taking place are, 350,000 Sq. Ft. of Retail space to attract New stores and Shops, 500+ new residential unites, 300+ New Hotel Rooms, and 700+ New parking spaces. The entire project is slated to be completed by 2010. The catalyst for the project was poor economic performance in the downtown area over the last few years.
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