Do not go to downtown crossing. It is a mess, and other than Macy's is like the outdoor version of the bar in Star Wars.
"Directly across the street from the Paramount, Millennium Partners-Boston, the developer of the Ritz-Carlton Hotel and Towers Boston Common, submitted a plan in April to the Boston Redevelopment Authority for 225 loft-style condos with street-level retail on what is now a large parking lot. The apartments would be about 1,200 square feet and cost about $900,000 in today's market, though groundbreaking would not begin until next year -- assuming the city approves the plan....Meanwhile, Greaney's projects include seven recently finished condos above the GNC store at 43 Winter St., and another 32 condos he just started on at 26-30 West St., over the Blaine hair studio.There are already many fine restaurants there (e.g. Locke-Ober, Blu , Mantra -- and others planned -- in the (oh, and yet another "geographic" marketing term I despise) "Ladder District" which runs the length of Downtown Crossing and parallel to the Common.
Three of the two-bedroom condos in the century-old mercantile building at 43 Winter St. -- the project is called Loft 43 -- have already sold; prices have ranged from $699,000 to $899,000. The West Street properties will hit the market in about 18 months, priced between $350,000 and $750,000 and ranging in size from 725 square feet to 1,500 square feet, according to Greaney.
Residential development is also extending beyond the Ladder District . Behind the Lafayette Garage, the Edison, at 42 Chauncy St., discreetly houses 40 condos. And closer to South Station, at 50 Summer St., plans may be in the works to add housing above the Walgreens, according to the BRA. The Abbey Group is also developing a tower with 150 condos on Province Street, where the Littlest Bar was. Construction is expected to be completed around 2008.
And the Filene's store and adjacent building on that block, which city and real estate officials said are in the process of being sold to a New York realty trust, may be redeveloped into a massive mixed-use project that could include luxury condominiums.
City Hall has been a big booster of all this development. The BRA has seven employees working on revitalizing Downtown Crossing, with plans to repair the cobblestones along Winter Street, add planters, make uniform all of the pushcarts, and ensure that vacant storefronts at least display art.
'There will be 1,300 new homes there in the next five years,' Mayor Thomas M. Menino said in an interview. 'We want a diversity of incomes in the area. We don't want just high-income people. $300,000 to $400,000 units are part of what we're doing. Of course, some think that's exorbitant.'"
"Bostonians who aren't yet hip to the Ladder District (or its name) no doubt soon will be, as every day brings news of another redevelopment project.While I agree with what everyone above has said, there's a chance you're getting in early on a neighborhood that's going to develop and change over the next few years.
The $625 million Franklin Street Plan promises to create a 24-hour neighborhood and the feel of an 'urban oasis park' as it sets about transforming the landmark Filene's (closed last year) and adjacent 1905 Filene's Basement buildings in a way that marries 'historic preservation with a 21st-century mixed-use design.'
Luxury condos, a celebrity-chef restaurant and a spa are coming to Province Street, and renovation of two historic theaters on Washington Street, the 1932 Paramount and the 1876 Modern, soon will be underway.
Completion of these ventures is a way off. Visit the Ladder District now, though, and you'll discover a neighborhood that's still trying to figure out how cool it wants to be. It's a dilemma any hipster might relate to: how to adopt an au courant pose without jettisoning one's essential identity.
The new name was the easy part, it turns out. Mixing all the ingredients -- the pushcart vendors and the sexy restaurants, the old-time jewelers and the reinvented department stores, the historic attractions and the nightclub playgrounds -- into a genuine, viable and beckoning concoction: There's the riddle.
Or is the Ladder District's contradictory personality its distinct attraction? That's for you to find out."
posted by Gungho at 8:30 AM on June 24, 2008