"With the acquisition of The May Company by Federated in July 2005, it was announced that the Federated-owned Macy's would vacate its previous location in the former Read's building and reopen in the outgoing May-owned Filene's building; the conversion was completed in 2006.The vacant Read's anchor spot was demolished in 2007; in its place, a two-floor Target store was constructed and opened in October 2008.