In downtown Boston, it is simply known as the hole.
The former Filene’s property, with a construction crater two stories deep, has been a scourge on the city’s central shopping area for five years, defying the wave of recovery that has sprayed the city with new towers and renovated buildings.
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When pigs fly!
Condos are selling out "In Downtown Crossing, of all places?" Why is this surprising? It's a five minute walk from the Common and the Public Garden and Chinatown and Government Center (and four different transit lines), ten minutes from South Station, the Greenway, Harborwalk... in other cities, people would be fighting to live somewhere like that. If it weren't for The Hole, real estate in Downtown Crossing would have exploded years ago.