Buying time

As Vornado sorts through its options, City Hall officials are concerned about the lack of information about the process they have received. A Boston Redevelopment Authority spokeswoman said executives with Vornado have not provided any updates on the sale in months.

“We have been talking with other people interested in the property, but nothing has materialized,’’ spokeswoman Susan Elsbree said. “We’re a long way from the goal line.’’

Among the bidders still interested is Ronald Druker, a luxury property builder who has scored successes in recent years on other complex mixed-use projects such as Atelier 505 in the South End. He would not give details about his communication with Vornado, but emphasized the site must be redeveloped to revitalize the Downtown Crossing shopping district. Druker owns the Corner Mall, which is across the street from the former Filene’s site.

“It’s really important that something happen at that location, whether we’re involved or not,“ he said.

Vornado put the property up for sale in late 2010 after the city revoked its permits for a $700 million tower with offices, residences, retail stores, and a hotel. The firm halted construction on the site in the summer of 2008 after it lost its financing during the economic downturn and resulting global credit crisis.

A spokeswoman for Vornado declined comment. Its partners on the project are JPMorgan Chase & Co. and Mack-Cali Realty Corp. Representatives of those firms also declined to comment.

Real estate executives said Vornado may be reevaluating its decision to sell after the initial rounds of bidding.

The firm could still decide to develop the property itself, a prospect that might look more appealing as the economy begins to improve.