Word: halperins
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...estate market are pressuring the “alternative department store” to change the way it does business and could lead to its historic building’s renovation or razing and replacement with condominiums, pending an agreement with building co-owner and real estate developer Tani Halperin...
Cassell and Halperin are developing plans to renovate or replace the building, and Cassell said the tentative plan is for condos upstairs with retail space on the first floor...
Cassell and Halperin bought the property for $3.4 million on May 5. The business is co-owned by Cassell and partner Brooke Fletcher...
...existing structure is not sufficiently set back from the road and, importantly, it can offer no parking. Halperin told The Boston Globe that the current building could not be converted into housing. Building subterranean parking, Cassell says, would complicate aspirations to renovate but preserve the historic building...
Cassell intends to keep these operations running during renovation, which could begin as soon as next spring, provided he reaches an agreement with Halperin and secures the requisite permits. The Garment District could move, during the overhaul, to a temporary location...