Inflated rents, space constraints and NIMBYs have tarnished Newbury Street’s retail luster, and developers and business owners are looking to regain their footing.
For decades, Newbury Street has been Boston’s version of Rodeo Drive or Fifth Avenue. Home to some of the biggest names in luxury retail and a variety of see-and-be-seen restaurants, the chic Back Bay street has commanded some of the highest rents in the city. But new development in the Seaport and Fenway, as well as renovations to the nearby Copley Place and Prudential Center malls, have drawn shoppers at all price points away from Newbury. . . . more