Mixed feelings. Sucks to lose an establishment, but at the same time, I and many others never buy print newspapers these days, so maybe it's just a sign of changing times?
Boston Globe said:Cambridge officials are marking the fifth year of the closing of the former Harvard Square Theater by threatening an extraordinary intervention if the owner of the long-vacant property doesn’t quickly move forward with redevelopment.
The move comes as the City Council is considering an ordinance to discourage real estate investors throughout Cambridge from the practice of “land banking,” or sitting on vacant properties for long periods for later profit with no intention of redeveloping them.
The building on Church Street has been vacant for five years after the cinema went dark in 2012. The property was purchased in 2015 by a trust controlled by billionaire businessman Gerald Chan, but city councilors said they have heard nothing from Chan about his plans for the property.
Councilors want the city to request Chan, who owns many other properties in Harvard Square, to produce a development plan for the former cinema within 30 days. Meanwhile, councilors said they will explore other options the city could take “to rid Harvard Square of this eyesore,” according to a proposed order before the council. One could even include taking the property by eminent domain, said City Councilor Marc McGovern, who is also vice mayor.
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[emphasis added]In addition to no longer counting rooftop space (including staircase head houses) against how much a property owner can build, the new zoning does the same for residential balconies, a change that, in the words of the petitioners, stops forcing developers “to decide between creating usable space and balconies that might otherwise enhance the livable conditions of a building.” In general, the zoning increases the “floor area ratio” available to a property owner, which is aimed at creating more housing and mixed-use buildings. As a result, the square is expected to see more two- or three-story buildings eventually be converted to buildings as high as six or seven stories.
Small businesses – literally smaller than 1,500 feet – are excluded the same way, which would encourage developers to include them in their buildings. Controls for “formula businesses,” meaning mainly franchises that follow the branding of corporate chains, replace decades-old limits on “fast food,” which have become so restrictive they’re blocking businesses residents would prefer to see allowed. Banks and other financial institutions are specifically limited in terms of how much building frontage they can occupy on a block, while the zoning allows businesses such as nightclubs more freedom to spread throughout the square if the Planning Board “finds that such location will not adversely impact adjacent residential uses”; in most parts of Central Square, it’s required that they have entrances on Massachusetts Avenue.
Is that new? I kind of dig it.