this likely won't happen or best case , won't last. LOUIS is not a destination retailer. The Louis customer will not go to the South Boston waterfront to shop
Re: Filene's
The Downtown Crossing lease is a valuable asset.Once the rebuilt store gets rebuilt, The Basement's contractual rent (per publilcly filed documents) for the next 25 plus years is one dollar per year. Additionally, until the store reopens the developer is required to make montly...
Louis had been in a building across the Boylston st for decades. The Boylston street bulding was demolished. To entice Louis to terminate the Boylston St lease early, the landlord subsidized a lease at the Bonwit Teller bldg. That is the lease that is now coming upon termination. To renew...
Louis "moving" is simply a reflection that the store has become a "has been" and cannot afford to pay rent at current market rate for their existing prime location.