blade_bltz
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Another Borders? God I hated to see Waterstones go...I've got a soft spot for those Brits.
It is amazing how old these buildings are yet they look like they are brand new, and the architecture looks new as well. Houses show their age.
Borders, Citibank to open branches at The Newbry
Leases offer more signs that Boylston Street's retail cachet is on rise
By Jenn Abelson, Globe Staff | July 20, 2006
Borders bookstore and Citibank are the latest high-profile tenants to sign on to The Newbry building in the Back Bay, joining Filene's Basement and Swedish retailer H&M.
That sure worked out well, didn't it.
Ron -- the failures had nothing to do with Boyston or Boston -- those all were chains on the financial fringe which couldn't hack the changing retail environment and the recent recression / stagnation
Boylston continues to be a very desireable place for retail as does the Back Bay for offices
Borders and FB failed because they left the cities and opened up gigantic stores in bizarre suburbs nationwide, mostly notably FB in NJ. I strongly believe that if both had stayed in the big cities, they would still be alive and thriving.
Data -- Amazon made Borders model unsustainable -- they had a chance to retool into something else - a city-based center for multimedia, posters, art books, etc with a nice, confortable, cafe-style environment -- a sort of Starbucks with books, music, video, etc.