Wu Seeks ‘Big Picture’ Game Plan for Faneuil Hall’s Future
Calling a reinvention of Faneuil Hall Marketplace a critical piece of Boston’s downtown revitalization efforts, Mayor Michelle Wu is bringing in urban planning experts
Calling a reinvention of Faneuil Hall Marketplace a critical piece of Boston’s downtown revitalization efforts, Mayor Michelle Wu is bringing in urban planning experts
A prominent real estate attorney estimates Boston could buy back the once-acclaimed “festival marketplace” for as little as $10 million before revitalizing it with more local talent.
Behind the scenes at one of Boson’s most recognizable landmarks, city officials are pressing J. Safra Real Estate to address a range of long-term sore points and complaints from a civil rights group.
The head of the BPDA said the city had been pressuring the operator of the Faneiul Hall Marketplace to invest money in the historic landmark or face legal consequences before the asset’s sale was announced.
Ashkenazy Acquisition Corp., the retail real estate investor that’s operated Faneuil Hall Marketplace in downtown Boston since 2011 and clashed with city officials about repairs and tenant selection at the city-owned property, is selling.