By Thomas Grillo
Banker & Tradesman Reporter
A New York-based developer is expected to file plans this week for a $200 million mixed-use project in Boston’s Downtown Crossing.
If approved, Midwood Investment & Development would demolish four stores along Washington Street and three on Bromfield Street and replace them with a 28-story tower.
The upper floors will offer 260 apartments, with six floors of retail space and parking on the lower levels. Upon completion, the project is expected to attract several new retail tenants to the city’s shopping district. The developer has agreed to work with the existing tenants to find them new space during construction.
“It still needs to go through the approval process, but from what I can see it seems like a promising site for redevelopment,” Mayor Thomas M. Menino told Banker & Tradesman.
The project would be located across the street from One Franklin, the $700 million redevelopment of the former Filene’s building. The 39-story, mixed-use One Franklin project is expected to bring 300,000 square feet of retail, 166 condominiums, a 280-room hotel and 475,000 square feet of office space.
Paul Davis, a spokesman for Midwood Investment, said the firm wants to expand their investments in Boston.
“We are confident that our development will provide exciting new housing and retail opportunities which will further enliven the Downtown Crossing district,” Davis said.