Restaurants. No category other than live entertainment has been hit as hard by the COVID-19 fallout. And no category in the retail sector employs as many people nor is as important to the culture of our urban neighborhoods.
read more
We have, and always will, fly the local-first piece proudly in our messaging. Because it is core to our approach, our world-view, and the way we understand value creation in the urban mixed-use context. Today, with COVID-19 related considerations dominating our conversations, decision making, and daily life, we are thinking a lot about how localism will play out in the months and years ahead.
read more
And as we evaluate additional projects together into the future, we are doubling-down on our shared belief that succeeding in the retail world is not about short-term hits, but about a steadfast commitment to long-term value creation.
read more
As we enter this 5th week of coronavirus shutdowns here in the Northeast, many of us are starting to shift from crisis reacting to crisis planning. This is a welcome development and has been a positive change to many of our conversations with some of you this past week.
read more
Last week Vaugh Tan shared four principles for how businesses should respond to uncertainty at this moment (and generally) and it’s must read content.
read more
Liquor licenses are too expensive in the City of Boston ($450K) and serve as an unnecessary and enormous barrier of entry for most entrepreneurs in an already challenged market even pre COVID-19.
read more
We’ve been aggressively warning our landlord clients since mid-March that failure to tactfully, sincerely, and immediately engage with tenants during this time of crisis possess a slew of risks — reputational, transactional and economic.
read more
COVID-19’s impact on retail real estate will force us all to delve deeper into our tenant’s businesses than perhaps any of us ever have.
read more
I was quoted in this article that ran in the Boston Globe today. I think it is a very fair and important article, but I flinched a bit when I came across my own words: “When it comes to a lot of Main Street retailers, we’ve been telling our clients they’re not going to get April rent anyways.”
read more
We’ve spent more time this week talking to Landlords (locally and nationally), reading policy pieces from other professionals, and tracking the scale of economic damage to tenants, which is rapidly bleeding over from food, beverage and entertainment to other segments of our economy.
read more
