Word: hre
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Dates: during 1990-1999
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Councillors said they had hoped that a recently vacated building on Memorial Drive owned by Harvard Real Estate, Inc. (HRE) would serve as a new neighborhood market, but HRE has announced plans to instead grant a short-term lease to a plant nursery...
Assistant City Manager for Community Development Susan B. Schlesinger said last night she had met with officials from HRE, a University subsidiary, but that HRE does not want a long-term tenant. HRE has previously declined to specify its plans for the building...
...HRE officials say they try to balance theirgoal of appeasing the community with their basicneed to receive rent payments on time by selectingtheir tenants very carefully...
Furthermore, HRE has taken on some highlysuccessful small businesses like the Harvard BookStore, CitySports and the 8 Holyoke Grill, whichopened just two months...
Unfortunately for Cambridge residents, notevery small business is as successful as theHarvard Book Store, and HRE will only be able tokeep leasing to local businesses as long as peoplecontinue to spend money in those stores...