Downtown Crossing’s Chacarero has a bright future in the Boston area. The restaurant, which has received rave reviews of its Chilean-style sandwiches, will open a second location at the Prudential Center. Chacarero began when owner Juan Hurtado began selling the Chilean sandwiches from a pushcart in Downtown crossing nearly 20 years ago. Hurtado’s cart did […]
This week Mayor Thomas Menino retaliated against a Downtown Crossing business organization that is evicting pushcart vendors from the shopping district. The Downtown Boston Business Improvement District, a group of landlords in the 34-block area, pay a combined $3.2 million each year to enhance the shopping district. Last week, they voted to shut down the […]
In the past years, the commercial real estate market has experienced a multitude of changes in response to poor economic conditions. Tenants, particularly large public firms, have been downsizing to cut costs. Office spaces are changing to accommodate downsizes. For example, non-dedicated offices and flex spaces are being utilized to diminish costs. In addition, Norm […]
Dudley Square might be getting a new-and-improved Tropical Foods! Tropical Foods, a supermarket opened in Dudley Square in 1974, hopes to start construction with Madison Park Development Corp. on a $44 million mixed-use project. The Boston Redevelopment Authority received their letter of intent, which outlined plans to develop 2.75 acres in Dudley square in a […]
The co-founder of Rent The Runway is considering going public with the company. The website that lets women rent dresses announced that it raised $24.4 million. This money may go to building showrooms so customers can actually try on the dress before renting. These new showrooms may be a threat to department stores that thrive […]
Twinkies will be making a comeback. Apollo Global Management, LLC and Metropoulos & Co. have agreed to purchase Hostess and Dolly Madison. The firms will be buying the brands, five bakeries and some equipment for $410 million. Stores were bare of the cake brands since November when the company declared bankruptcy and closed its plants. […]
Mayor Menino has pushed back the BID and BRA’s plan to kick pushcart vendors out of downtown Boston at the end of March. The mayor gave the operators a 60-day reprieve because he feels strongly that they should be able to stay downtown. The BID and BRA has plans to create a smaller transitional […]
A new eatery called Sterling’s will be opening on State St. this week and the décor is reminiscent of the 1960s. The Glynn Group spent $1 million to build this new bar/restaurant that will serve French classics, flatbreads, casseroles, and ‘60s-era appetizers. The prices are reasonable with entrees ranging from $15 to $28. The restaurant […]
BRA raises pay for first time in 5 years The Boston Redevelopment Authority has increased many on its employees’ salaries for the first time in 5 years. All except for top earners within the organization received a 3% increase relative to 2012 salaries. Spokeswoman of the BRA Susan Elsebree said, “This was the right time […]
Developers Samuel & Associates and Weiner Ventures have received approval from the state to build a $360 million residential, commercial, and hotel development in the Back Bay. The real estate groups were victorious in acquiring the air rights above the development site. Although details regarding the development are sparse, it will likely transform the Boylston […]
