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Owner of mall building next to Faneuil Hall Marketplace sues tenant for not paying rent during the pandemic
By adamg on Thu, 06/25/2020 - 10:18am
Gazit Horizons, which owns the newish retail building between Faneuil Hall Marketplace and the Greenway, the one that wraps around the space where the Faneuil Hall Christmas tree goes, is suing Ann Taylor for the nearly $254,000 it says the women's clothing chain owes for its Loft store there.
In a suit filed this week in US District Court in Boston, Gazit says Ann Taylor hasn't paid its rent for April, May and June for the roughly 6,000-square-foot space that the chain closed as part of the statewide retail shutdown in March. Gazit wants its money now - plus interest and lawyers' fees.
Yesterday, the BPDA threatened Ashkenazy Acquisition Corp. that it would seek to regain control of the city-owned Faneuil Hall Marketplace if that company didn't begin to help its retailers better weather the Covid-19-forced shutdown and gradual re-opening. But the BPDA emphasized its concern was with the small, locally owned retailers in the marketplace.
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Comments
Empty Storefronts
A big chunk of the ground floor of that building both across from the Black Rose and near the Aquarium T stop entrance is perpetually empty, and has been for years. It's unsightly. For a while the people who put those fake window displays in empty storefronts had displays there, but even that stopped.
They get paid
the tenant leaves
Gazit writes off the empty space and will apply for stimulus funds which it will receive by the truckload thanks to it's founder, South Florida Mega Developer, Chaim Katzman.
It's ALL a scam.
That’s how
The rich stay rich!
Who's the rich, the property
Who's the rich, the property owner or the nationwide clothing store chain?
I suspect that the store has
I suspect that the store has no intention of re-opening and both parties know this. Otherwise I doubt party one would have not paid pent and I doubt party 2 would be suing if it thought their good old tenant was going to come roaring back and be productive. Large owners have been known to hold out for a decade or more for a decent paying large corporate brand. I doubt they would risk losing such a tenant if they thought ten more years of lucrative rent and customer attraction for other businesses was in the cards.
From where I sit and watch this drama I do not have a player I am rooting for here. Neither is a small company and both should have enough dollars in their piggy banks to handle this. I do not think the area loses anything with a loss of this store and it is not small/local so whatever.
I guess “f$&k you” to the
I guess “f$&k you” to the employees that worked there, is ok with you?
How does it affect the
How does it affect the employees one way or the other if the rent gets paid?
I was at FH/Quincy Market the
I was at FH/Quincy Market the other day. Only a handful of food vendors were open. The place was dark and uninviting (probably to save money on electricity). The food was under heat lamps and the food looked sad and unappetizing.
To quote my dad, once again
"Here, let me bend over and (expletive) the money out for you." They sold $0 in merchandise, you morons.
When does the honest conversation between every American about what things cost and how much they spend start happening? Better yet, how do you circumvent and exclude those who can't and won't be honest?
Did your dad ever give you
Did your dad ever give you any advice about "Better to say nothing and be thought a fool, yadda yadda yadda"?
Asking for a friend.
Close
My mom told me that.
Ann Taylor
should let them proceed with this to an actual trial. Impanel twelve jurors, have both sides make their arguments, and let's see who ends up paying whose attorney fees.
Spoiler: I sat on a jury for a broken residential lease about five years ago, where the letter of the law was probably on the plaintiff's side, but the defendant was a new mom whose life and sleep had been ruined by her landlord being shitty. Guess who paid for everybody's attorneys? Now apply that to a pandemic.
commercial tenants have virtually no statutory protections
and Federal Court is a much different forum.
12 jurors?
Only six when I was impaneled in a civil case in Suffolk in September 2018.
They try for 12
Don't always get 'em, but 12 is what they try for.