Same Time Next Year
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It’s been nearly a year since I wrote about the problems that come from
having 11 bosses who are not on the same page about anything, as well as
suggestion...
5 months ago
February 16, 2010
Market Basket
Not only are they still hurting the area grocery stores but it is getting worse. Watch for supermarkets to be closing in Worcester.
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10 comments:
Jewel Box on Green Street closed. R.I.P. This is the worst year in memory for the restaurant biz. 75% are week to week.
Van anyone confirm that the Jewel Box has closed?
Rumor mill says restaurant on Pearl Street on life support
Anonymous, do you sell or work for someone who sells to the restaurant trade?
Yep, Jewel Box is closed per their website:
http://www.jewelboxrestaurant.com/jewel-box-closing.php
Jahn/Bill, I dont work in the business but Im a city guy. 55 Pearl is in bad shape. I know all parties involved and they are all great people. They are in a business that in good times has a 90% five year failure rate. Add on a severe depression and the rate goes even higher. I predict many more will go especially anyone who doesnt own the property outright.
The decision to close Block 5 was one that was baffling to me.
So according to the link posted by Neil they are going to keep a restaurant in there, it just won't be The Jewel Box.
Is it the Big Bunny Market in Southbridge?
Anonymous I am hearing and seeing commercial landlord(s) in Worcester cutting their rent. 25% in one case that I know. Supposed to a be temporary measure. Stay tuned. A Paying tenant at 75% rent is better than nada.
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