Famous Boston shopping spot getting a makeover
Faneuil Hall Marketplace hopes to woo back the locals after its first major overhaul since the 1970s
Boston
THE historic Faneuil Hall Marketplace attracts an estimated 20 million visitors annually, making it one of the United States' most popular tourist attractions. However, in recent years, the dozens of shops, pushcarts and restaurants that fill three separate buildings have drawn fewer and fewer Bostonians.
In fact, the city's longest-serving mayor, the late Thomas M Menino, used to say that the market was the only place in the city he could have lunch without being recognised, said Howard F Elkus, a founding principal of Elkus Manfredi Architects, a Boston company.
Hoping to draw the locals back, the marketplace's operator, Ashkenazy Acquisition, a privately held real estate investment firm in New York, has proposed the first major overhaul of the property since the 1970s. It bought the…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow