Word: holmeses
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"We can't afford that kind of rent," Paley said of leasing with Holmes Trust.
Last night's decision gives Holmes Trust the authority to demolish much of the existing Central Square facade, replacing it with a modern residential and commercial structure.
Surman may be just one of many self-employed Cantabrigians forced to retire by the board's decision to grant the permit. But representatives of Holmes Trust and the City of Cambridge say they believe the building will improve the area immensely, both aesthetically and economically.
Holmes Trust agreed to reserve 11 of the 72 units in the complex for afford- 1able housing, reported a Holmes spokesperson atthe board meeting yesterday. But Cambridgeresidents at the meeting said they were notpleased with the decision.
"I worry that the Holmes proposal will put an end to the two things I love most about Central Square--its affordability and diversity," said MIT graduate student Nina Shapley.