BOSTON — Wall Street’s implosion has blown a hole in the $700 million development of the former Filene’s site in the heart of the city.
The One Franklin project — retail, upscale condos and a hotel — was to anchor a revitalized Downtown Crossing, a district that 130,000 people pass through daily. But developers Vornado Realty Trust and Gale International are unable to meet financing goals and are suspending activity at the site, where a crater several stories deep has been excavated.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"