Priced out: How Boston’s broken liquor license system drives chefs from the city
By Diti Kohli This is the second in a series of stories about the consequences of Boston’s broken liquor license system. Chompon Boonnak is the kind of restaurateur Boston needs: smart and eager, with a knack for crafting inventive food and a convivial dining room. The menu at his 30-seat Thai restaurant, Mahaniyom, is mouth-watering. […]
Lyra cuts 75% of staff, looks to sublease Waltham, Watertown facilities
By Hannah Green After a trial of Lyra Therapeutics Inc.’s drug to treat sinus inflammation failed to meet the goals of a late-stage trial earlier this month, the company is cutting its workforce and looking to sublease its facilities as it hunts for “strategic options.” Lyra (Nasdaq: LYRA) shared in a Tuesday securities filing that it’s laying off 75% of […]
Rafi Properties Set to Expand Somerville Media Center on 7.4 Acre Somernova Innovation Campus
by Traded Media Rafi Properties, owner of Somernova, announces the expansion of the Somerville Media Center (SMC) at the innovation campus. The new state-of-the-art media center aims to enhance community engagement and creativity. SMC’s Legacy and Offerings Established in 1983, SMC has been a hub for connectivity and creativity in Somerville. It has hosted nationally recognized […]
US Jobs Post Smallest Gain in Six Months as Unemployment Rises
By Augusta Saraiva US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year. Nonfarm payrolls advanced 175,000 last month, the smallest gain in six months, a Bureau of Labor Statistics report showed Friday. A later release showed that business activity […]
Construction begins on what is set to become Cambridge’s tallest building
By Emily Spatz Construction has commenced on a residential building in Kendall Square that is set to become the tallest building in Cambridge, investors announced last week. The building will rise at 121 Broadway and stand over 450 feet tall, according to architects on the project. Boston Properties (BXP), a real estate investment trust, announced that construction […]
Planned Cambridge market lands first tenant, and more retail news
By Grant Welker A planned food market in East Cambridge amid a series of major new developments has its first tenant, and it’s a restaurant from a well-known restaurateur in the neighborhood. Chef Will Gilson will open AMBA this summer, a Mediterranean-inspired café that’ll be part of the new First Street Market just a few blocks from other […]