Word: landlordly
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After five years, Grafton Street closes its doors to customers last night after the restaurant did not have its rent renewed by the landlord. Grafton Street hopes to reopen later this year in the space formally occupied by the Bow & Arrow...
...From 1988 to 1994, Harvard hired a third party, Beal Properties, to purchase Allston land as it became available, acquiring 52 acres in 14 parcels scattered throughout the area around HBS for $88 million, and became the unknown landlord of a Star Market, a Honda Dealership, a Conrail warehouse, and row of auto repair shops on Windom Street...
...landlord just raised the rent so high that we couldn't afford to stay. We tried very hard to stay," Gordon said. "We wish we could stay. It was not one of the most profitable [stores] because the rent was so high...
...although Mahoney's has no lack of business and recently renewed its lease until the spring of 2003, its landlord--the neighboring Harvard University--has made it clear that Mahoney's will not be a permanent fixture on Harvard land, prompting some residents to organize against University development...
...evening represented the end of a long struggle for Patrick Lee, the entrepreneur who debuted the restaurant four and a half years ago and fought an extended battle to keep it open despite increasing rents and the hostility of the landlord. But the closing of Grafton was more than a personal loss—it was also a loss to the residents of Harvard Square, particularly the students. At a time when astronomical rents have driven most small businesses out of the square, Grafton was an anomaly—a privately-owned business that catered to the likes and lifestyles...