Word: hpre
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Dates: during 1990-1999
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...major landholder in Cambridge, Harvard Planning and Real Estate (HPRE) is responsible for much of the financial dealings between Harvard and local merchants and tenants. Its recent decision to transform the Holyoke arcade into a Harvard-oriented service area has been implemented in a manner that is at best negligent and at worst deceptive...
...July, all kiosk leases and some store leases will not be renewed. The arcade will then be renovated, and when it reopens, it will consist almost entirely of university-related shops and services. Some private stores that "complement" the Harvard ones will also occupy the arcade, according to HPRE Director of University and Commercial Properties Scott Levitan...
According to context provided by the Holyoke merchants, however, HPRE's decision comes in the wake of a string of false impressions which may have been intentional...
...shops were a financial boon for the University, that would be one thing. But "the arcade has not been the financial success that was originally anticipated," said HPRE Director of University and Commercial Properties Scott Levitan...
Although we agree that the Shops may not be the best investment to put in the middle of Harvard Square, we sympathize with the vendors and lament that HPRE has once again placed the value of money over the importance of human beings' livelihoods and Harvard's relations with the community...