Monday, June 27, 2011

A Sweet Lease

If the lines are any indication, the cupcake company Sweet is a new
Downtown Crossing hit. Historic Boston Inc. welcomes this very saavy home-grown Boston business as our new retail tenant at 9 School Street. They’ve been expanding rapidly with stores on Newbury Street, in Harvard Square and now Downtown. And they produce these luscious sweets daily in Hyde Park, a neighborhood within which HBI’s has some very focused preservation projects underway.
About six months ago, CEO Courtney Forrester came in to pitch her business for a space we had available after long time business Copley Flair departed. Wisely, she brought a big box of product with her (see photo) and she took the time to print up our logo on the top of each one. We all sat seriously through the meeting, negotiating square footage costs, tenant fit outs and utility payments, but after one bite of Sweet cupcakes, we were (secretly) sold.

Lest you think we’re a bunch of sugar fiends, let’s make the most important things clear.

Historic places like the 1718 Old Corner Bookstore building are VERY desirable because they are unique, attractive places in the business environment that draw customers. HBI’s flagship building is an excellent example of a very small building that anchors what retail brokers like to call a “100% corner” – a visually prominent location that high concentrations of people pass each day.

But Sweet and all our other retail and office tenants at the Old Corner are important because their lease payments support HBI’s mission of rehabilitating at-risk historic buildings throughout the city of Boston. A vacancy in this building means fewer resources to invest in wonderful places that could do the same thing for Dudley Square, JP Center or Fields Corner. So, whether it’s Brueggers Bagels, the Body Shop, Oakmont Partners, or Sweet, Historic Boston Inc. is happiest when our Old Corner is humming with business.

Historic Boston Inc.’s 50 years of preservation work saves places for future generations and defines the unique character of Boston, but we think it’s pretty good economic development too.

14 comments:

  1. How wonderful! Especially for the HBI staff who can now stroll out the door and indulge in a treat! Yum.

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  2. The premises is located on Mandrake's famous boardwalk, neighboring other high profile businesses such as Cinderella's and the Dome Cafe. Previously housing Miami Bakehouse, the building. Thanks a lot.

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  3. The agency soon outgrew the modest office and moved to a prominent position on the major entrance into mandurah, opposite the estuary, and after a number of extensions and renovations over the years it is still the home of the business. A prominent position opposite acres of the beautiful foreshore reserve, a mecca for day trippers from the city. Thanks a lot.

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  4. This provision states that the Buyer is not bound by the agreement until he examined all of the documents demanded on the condominium checklist. This provision gives the Lessor a certain number of days after the lease is signed to provide the documents. The provision mandates that the Lessee must review the documents within a certain number of days. Thanks a lot.
    Regards,

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  5. growth is great for a company. it is best to start of small and upgrade premsies as the business requires. Our business has grown so much in 10 years we have had to relocate 4 times

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