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The Charles Square—a 4.2 acre development that included the Charles Hotel, an office building, condominiums, and a shopping plaza—was also completed that year, following seven years of legal battles.
According to Denise A. Jillson, executive director of the Harvard Square Business Association, a recent survey showed that 80 percent of the 369 businesses in the Square are in fact independent. National companies account for another 15 percent, and regional chains such as J.P. Licks and Boloco make up the...
Both Wolf and Jillson added that they have noticed an encouraging increase in women-owned independent businesses that are much more in the vein of the Square in the 80s.
Despite these statistics, several businesses in the Square, as well as long-term Cambridge residents, have noted a continuing transformation from unique shops to a higher prevalence of national chain stores and banks.
Paul J. MacDonald, current owner of the 126-year-old tobacco shop Leavitt and Peirce, said he believes that real estate in the Square has been increasingly leased out to tenants who can pay the highest rent, rather than to those who are appropriate for the Square.