New retail shops could open throughout Boston
Boston is a thriving metropolis, and more than ever, the introduction of new retail establishments will bring in new business and more jobs for locals. Real estate in Boston is surrounded by niche mom and pop stores and name-brand shops. Here are few of the recent proposals that may result in new businesses coming to the area.
South Station bar to be turned into a CVS
Veteran watering hole Clarke’s may soon be gone. The 20-year old South Station bar will be replaced with a two-level CVS, Boston Business Journal reports. The deal between property manager Equity Office Properties and CVS Caremark comprises of opening the space and turning it into a 25,000 square foot store - complete with elevator.
"We are constantly looking to improve the retail and transit experience in South Station, particularly for transit riders, our office workers in the building and local residents," Andrew Maher, managing director of leasing for Equity Office Properties, told the news source. "We are in the process of talking to a number of retailers about it...but I cannot comment to any specific tenants."
However, those who fondly remember evenings spent at Clarke’s may be in luck, as the news source states that the bar may be relocated within the building.
Boston Public Library shop proposal
A new proposal seeks to the turn the first few floors of the Boston Public Library’s Copley Square location into a boutique shopping center, Boston Business Journal notes. The plan includes ideas such as turning almost 150,000 square feet of the 1972 Johnson Building into a restaurant, as well as using modern glass wall features.
"If there’s an opportunity to do it tastefully and do it well and if it’s the right type of use, it makes sense," Boston City Councilor Michael Ross told the news source. "There’s truth to the fact that there are some dead spots at the library, it closes early and it’s not open entirely on weekends. I’m looking forward to hearing more."
According to the news source, the idea mirrors itself on the transformation of the Hynes Convention Center at Dalton and Boylston Streets by the Massachusetts Convention Center Authority. Leases from a restaurant at that location generate more than $1 million annually.
While the proposal has not yet been approved, the work needed to alter the space and staffing required to run boutique shops there could provide numerous jobs for the city – in addition to bringing in much needed funds.