bruh I don't think I saw this coming lol, place seemed to be generating a good amount of foot traffic, plus its not like it had empty stallsThe closure comes after a tumultuous six-plus-year stint in the city, as Boston’s largest food hall navigated both the pandemic and its aftermath. Its departure will leave a 27,000-square-foot hole on the ground floor of 401 Park, the massive Art Deco former Sears warehouse that serves as a sort of gateway to the Fenway. The adjacent REI Co-op store is also expected to shutter this year. While the market has seen significant turnover since opening, it remains fully leased with 15 vendors
Yeah I pulled a few shifts at cussers in early 2021 and I couldn't believe how busy it was considering the circumstances, thats really sad to hear its going away![]()
Citing fewer customers, higher costs, Fenway’s Time Out Market says it will close later this month - The Boston Globe
The closure comes after a tumultuous six-plus-year stint in the city, as Boston’s largest food hall navigated both the pandemic and its aftermath.www.bostonglobe.com
bruh I don't think I saw this coming lol, place seemed to be generating a good amount of foot traffic, plus its not like it had empty stalls
Too bad.![]()
Citing fewer customers, higher costs, Fenway’s Time Out Market says it will close later this month - The Boston Globe
The closure comes after a tumultuous six-plus-year stint in the city, as Boston’s largest food hall navigated both the pandemic and its aftermath.www.bostonglobe.com
bruh I don't think I saw this coming lol, place seemed to be generating a good amount of foot traffic, plus its not like it had empty stalls
blockclubchicago.org
I hope it will live on, and that the problems are indeed less local...Relevant: the Time Out Market in Chicago is closing on the exact same day:
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Time Out Market To Close In Fulton Market
The food hall is closing Jan. 23 due to low and inconsistent foot traffic paired with increased operating costs, according to a statement from the parent company.blockclubchicago.org
This looks to me like more of a Time Out corporate issue than an issue with the space itself. I wouldn't be surprised to see the food hall live on under a new name.
I do get concerned about some troubling correlations with Alexandria as a landlord, though. There are some patterns in the Kendall Area of ground floor retail hollowing out in spaces where Alexandria is Landlord. Look at the whole One Kendall development: all that's left is Mamaleh's and State Park. It used to have: Friendly Toast, Flat Top Johnny's, Cambridge Brewing, Smokeshop, Bon Me, Blue Room, etc. etc. Further, they took over the former Pegasystems block on First Street, which had the Shabu on Mein restaurant and a Gracenote Coffee shop -- now a blank wall. And the former Facebook building used to have Lily P's, now vacant. Tell me if I'm off base, but this seems to be a trend with Alexandria...Is the landlord pulling shenanigans or is this just coincidence?
In some ways, I could imagine the downturn in the lab market being good for lab building retail. When lab is booming that's the landlord's cash cow, and the retail business is chump change not worth their time. In some situations, it could even be worth converting retail to office use for them.I do get concerned about some troubling correlations with Alexandria as a landlord, though. There are some patterns in the Kendall Area of ground floor retail hollowing out in spaces where Alexandria is Landlord. Look at the whole One Kendall development: all that's left is Mamaleh's and State Park. It used to have: Friendly Toast, Flat Top Johnny's, Cambridge Brewing, Smokeshop, Bon Me, Blue Room, etc. etc. Further, they took over the former Pegasystems block on First Street, which had the Shabu on Mein restaurant and a Gracenote Coffee shop -- now a blank wall. And the former Facebook building used to have Lily P's, now vacant. Tell me if I'm off base, but this seems to be a trend with Alexandria...
I don't disagree with your logic, but what I am saying is that (in the Kendall area at least), existing ground floor tenants seem to be exiting Alexandria facilities at a greater rate than the other landlords in our present time.In some ways, I could imagine the downturn in the lab market being good for lab building retail. When lab is booming that's the landlord's cash cow, and the retail business is chump change not worth their time. In some situations, it could even be worth converting retail to office use for them.
With lab no longer bringing in the money, landlords may turn their eyes more to retail as a source of revenue and focus on getting those spaces filled.
Festekjian said Time Out’s 15 vendors were told that after building back from the pandemic, revenue fell 20 percent last year. Meanwhile operating costs were climbing, and the market’s lease was coming up for renewal next year. Festekjian said he was told Time Out offered to hand over operations to the building owner, Alexandria Real Estate Equities. Alexandria declined. The decision was made to close the place down.
It got better? That area used to have three practice spaces, Curve of the Earth records, Woolly Mammoth recording studio, and WBCN. Better? If you're talking specifically about this building, then... I guess? I do miss the movie theater.Too bad.
I'm still kind of surprised how much that area has changed. Ten years ago, that corner was surface parking and a sad, dying Best Buy. It got soooo much better. Now losing the theater, REI, and food hall in quick succession.... I hope some good stuff moves in.
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Yes, it got better.It got better? That area used to have three practice spaces, Curve of the Earth records, Woolly Mammoth recording studio, and WBCN. Better? If you're talking specifically about this building, then... I guess? I do miss the movie theater.