 When Filene's closed, the building was put up for sale and was bought by Vornado Realty Trust of New York.Vornado teamed up with Gale International for a $700 million redevelopment of the Filene's site.As approved in August 2007, the site redevelopment project consisted of a 39-story tower including a 280-room hotel, a 125-seat restaurant, of office space, 166 residential condos, of retail space, and an adjacent park.