Word: kiosks
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...present, the Shops By Harvard Yard are comprised of Harvard-related stores, privately owned stores, vacant stores and roughly 10 kiosks. As of 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...
...HPRE--which was then Harvard Real Estate (HRE)--went out of its way to entice merchants to the arcade by creating the impression of considerable retail potential. HPRE wined and dined prospective merchants and threw a huge gala opening. Irma B. King Licorish, proprietor of the Caribbean-African Creations kiosk, said she feels Harvard "enticed us in here under false pretenses...
...kiosk leases are valid for the short time period of three months, a fact Scott Levitan stresses. However, every single merchant I talked to said that no businessperson is going to accept such a lease and make an initial investment unless he or she gets the strong impression that there is long-term potential for his or her business. Licorish, J.B. Jain, who owns the Watch Works kiosk, and Doina I. Contescu '89, who co-owns the My Dog kiosk, all said they were told that they could renew indefinitely as long as they did well. (Mr. Levitan denies that...
Ashuah, who owns three other stores in the Boston area, said that his business will be less affected by the loss of his Cambridge shop than the kiosk owners...
...Tuesday meeting with the Committee to Save The Shops by Harvard Yard, Levitan reaffirmed HPRE's decision not to renew the leases of the kiosk vendors...