Nov 1, 2008 12:00 PM
After weeks of uncertainty surrounding the $650 million redevelopment of Filene's flagship store in Boston, developer John B. Hynes III and partner Vornado Realty Trust secured the necessary financing to proceed with construction on the 1.3-million-square-foot mixed-used project in early October. The development will include retail shops, condominiums, a hotel and offices.
advertisement
Podcast In the face of the biggest financial crisis and deepest recession since the Great Depression, retail landlords are increasingly falling behind on mortgage payments or defaulting entirely. Owners are facing great difficulties refinancing debt. One major source of financing—commercial mortgage-backed securities—is no longer available. And the lenders that are still in the market have dramatically tightened underwriting standards.
Here's where we will have a new, frequent conversation with our readers alerting you to the interesting (and sometimes oddball) things we see every day as we scan the horizon of the retail real estate business
Retail Architecture Review 2009: Welcome to the third edition of Retail Traffic’s Retail Architecture Review. This supplement includes our 20th Superior Achievement in Design and Imaging Awards and our annual Leaders in Retail Architecture supplement.
View the full listing
