Wednesday, January 22, 2020

New England

The 102-year-old No Name Restaurant on Boston’s waterfront permanently closed after years of financial troubles. Greek immigrant Nick Contos opened the No Name in 1917... Top of the Hub, the 54-year-old restaurant on the Prudential Tower’s 52nd floor, is closing down, along with the Skywalk Observatory  on the 50th floor. Select Restaurants, Inc., which owns and operates the restaurant and observatory, announced that the last day for both destinations will be April 18. The decision not to renew the venues’ leases was attributed to Boston Properties Inc., owners of The Prudential Tower... Restaurant brand Cosi has shut down over 24 locations in and around Boston, Washington, DC, and elsewhere, cutting its US locations by at least half. The closures include 8 in MA; downtown Boston now has just one. The company has said nothing publicly about the closures, which may be related to an effort to sell the company...Linear Retail Properties, LLC, has purchased 519 Somerville Ave. in Somerville, MA, a 4,632 s/f shopping center between Porter Square and Union Square, for $4.150M. The property is fully leased to Dunkin’, The UPS Store and Wings Over Somerville. Earlier this month, Linear acquired 1755-1761 Mass. Ave. Cambridge, MA, a 6,291 s/f Porter Square store block, less than a mile away, for $3.625M...Salt & Olive Market, located inside The Garage in Harvard Square, will close by the end of February, its owners announced. The Cambridge purveyor of olive oils, salts, and spices took over the space inside the indoor mall formerly held by Starbucks in April 2019. Previously, the shop had a storefront on Massachusetts Avenue.

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