Friday, May 10, 2019

Boston Landlords Hungry For Local Restaurateurs — Once They Prove Themselves In Someone Else's Building

bisnow.com
Developers are changing their tune when it comes to signing lesser-known local retailers over national credit tenants, but Boston restaurateurs still must prove themselves before landing a space in one of the city’s glitzy new developments. 

Boston’s building boom has delivered new developments from the Seaport to Watertown. Neighborhood groups frequently criticize developers for filling up ground-floor retail space with national chains like CVS and Starbucks and not enough local mom-and-pop operators. Developers have previously defended the action, saying their debt obligations restricted them to signing only national credit tenants.  . . . more