Wednesday, June 10, 2020

Pandemic threatens to upend a thriving real estate model

Boston Business Journal
“Is water wet?” Will Gilson is blunt when asked whether it is particularly challenging to open three restaurants in the middle of a pandemic.

But the restaurateur is also optimistic because they are slated to open this fall in Cambridge Crossing, a 4.5 million-square-foot mixed-use development near Boston. He sees the complex’s density and location as boons for his business, come what may.

Mixed-use projects have been a hallmark of the country’s urban renaissance over the past couple of decades. They are often thriving complexes built with an ecosystem of residences, offices, plazas, hotels, shops and restaurants. Developers like them for the scope, and business owners like them for the round-the-clock density of people.. . . more