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November 10, 2020

Hibernate Or Fight On: Restaurants, Landlords Tussle Over Winter Strategy

Bill Goodwin owns restaurants in Cambridge’s biotechnology district and downtown Boston, two areas where foot traffic dried up once the pandemic hit. The Asgard in Central Square and The Kinsale in Boston shut down in March, but Goodwin reopened them to few customers.

“We have large operations and we need to do ‘X’ amount of business,” Goodwin said. “Some small mom-and-pop operations can get away with ‘Y,’ but for us, we have a lot of expenses when we open our doors.”

Hibernate Or Fight On: Restaurants, Landlords Tussle Over Winter Strategy

The Asgard and The Kinsale are now hibernating through the winter, after Goodwin, the chief operating officer of Classic Restaurant Concepts, was able to arrange rent agreements with landlords Synergy and Brookfield. Goodwin declined to speak on his rent agreements specifically, and Synergy and Brookfield didn’t respond to inquiries. “It’s awkward…

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Bulfinch Acquires Harvard Square Building Poised For Life Sciences Repositioning

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