Friday, February 24, 2012

The Purple Shamrock in Boston Faces an Uncertain Future

A popular Irish pub near Boston's Faneuil Hall that has been around for many years might not be around much longer, if their landlord's planned rent increase is any indication.

According to The Boston Globe, The Purple Shamrock on Union Street faces a potential 60 percent rent increase (their lease expires in September), which the article states "it can't afford." This comes on the heels of the news that TD Bank will be replacing the McDonald's branch which is in the same building (McDonald's will be closing in March, with the bank opening in 2013). The opening of the bank will not affect The Purple Shamrock, but the aforementioned rent increase apparently might.

The Purple Shamrock is one of a number of local places owned by the Glynn Hospitality Group, including The Black Rose in downtown Boston, Clery's in the Back Bay/South End, and Dillon's in the Back Bay.

The address for The Purple Shamrock is: The Purple Shamrock, 1 Union Street, Boston, MA, 02108. Their website can be found at http://www.purpleshamrockboston.com/

For more information on this story, please go to the Boston Globe link below.

For now, bank won't seek to oust Beacon Hill store

Thanks to Eater Boston for bringing this to our attention.

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1 Comments:

Blogger Ed said...

Do we really need a 60 percent rent increase? Never, ever feel bad for property owners or insurance companies. Everyone needs a place to sleep and everyone needs insurance, which is why property owners are always free to jack up rates, vacancies be damned, and insurance companies can hike premiums.

3:21 PM  

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