Newbury Street's struggles

  1. You have chosen to ignore posts from BDCSwati. Show BDCSwati's posts

    Newbury Street's struggles

    Newbury Street has long been viewed as one of the best shopping destinations in Boston.  Last year, gaping holes were left as retailers like the Gap and LouisBoston departed, causing Newbury’s occupancy rate to fall to about 80 percent. But, as new boutiques, stores and galleries are opening this year, do you believe that Newbury Street will return to its former glitz? What shops would you like to see on the street? 

     
  2. You have chosen to ignore posts from guyfrommass. Show guyfrommass's posts

    Re: Newbury Street's struggles

    Things won't improve until Imam Obama is out of office.
     
  3. You have chosen to ignore posts from bostondrew2. Show bostondrew2's posts

    Re: Newbury Street's struggles

    Newbury Street will always be fine.  They should turn the former Louis into a boutique hotel.  I'd love to see a Jamba Juice somewhere too, but that's a minor detail.
     
  4. You have chosen to ignore posts from Ms-Demeanor. Show Ms-Demeanor's posts

    Re: Newbury Street's struggles

    They should lease the former Louis to ABC Carpet & Home, my #1 destination for shopping in Manhattan. Or a Strand Bookstore (fearless optimism). Or an antiques coop. And we need a more local Anna's Taqueria.
     
  5. You have chosen to ignore posts from greenbeand. Show greenbeand's posts

    Re: Newbury Street's struggles

    how about the  brazen thefts and lingering bums
     
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  7. You have chosen to ignore posts from cathbunk. Show cathbunk's posts

    Re: Newbury Street's struggles

    In reply to jackbu, you say that only a clown would think it is Obama's fault then go onto blame the mayor of Boston. What is the reasoning behind your statement?

    Newbury Street is alive, new shops are always popping up. And money is always spent there.
     
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  9. You have chosen to ignore posts from luckyzach. Show luckyzach's posts

    Re: Newbury Street's struggles

    The problem for Newbury Street is the same problem plaguing areas like the upper west side in NYC; large firms, real estate trusts, and insurance companies have all bought up the properties and are hiking the rents to draw in stable, big name chains who are the only ones capable of affording the rent. In the mean time, if the storefronts stay empty, the ownes have the luxury of sitting on the equity held in the properties because they paid for them outright. As a result, they only incur short term debt that they can leverage into dividends and capital gains rendering it unnecessary for their wealth to have the storefronts filled immediately after a tenant vacates or goes out of business.

    In point of fact, Obama would be good to solve this problem because promises of financial regulation and taxes on ultra-high capital gains would make it so that banks, lenders, and building owners would be forced to take a chance on one off retailers that fill spaces such as storefronts on Newbury Street. What made Newbury Street a landmark for the city was its diversity of chain stores and one offs. Now the only one offs are art galleries or food service places and the major retailers are all national chains with little difference from their mall counterparts.
     

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