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Developer not sold on downtown

Saturday, November 17, 2012

WN.com - Business News
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Developer not sold on downtown
Nov 18th 2012, 07:00

Not everyone is moved by the momentum in Boston’s Downtown Crossing. 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. Another New York developer, Millennium Partners, won city approval in September to...

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