Several restaurant groups in Boston have found their destiny in density, opening eateries in clusters along one block or square. And they’ll argue that they’re not cannibalizing their business, but building on it.
City’s plan for a big new Dudley Square eatery by Feb. stalls but one of Boston’s busiest restaurant real estate brokers wonders if the city was equally inexperienced.
“They really should have offered more incentives, like landlords do in the private space,” said Todd Smith, the owner of Corbett Restaurant Group. “That’s a big project. It’s a tough sell.”
Smith said big public investments in Dudley have not gone unnoticed by private investors. But he estimated that building out the large restaurant space would cost more than $2 million, limiting the pool of potential operators.