Landlords Hungry For Local Restaurateurs — Once They Prove Themselves In Someone Else`s Building

Developers are changing their tune when it comes to signing lesser-known local retailers over national credit tenants, but Boston restaurateurs still must prove themselves before landing a space in one of the city’s glitzy new developments.

“The city is still in a transition,” said restaurateur Jack Huang, who owns five Japanese restaurants across Greater Boston, including Douzo in Back Bay and the recently opened Sushi Momento in Cleveland Circle. “There’s still a gap between where we want it to be and where we are.”

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RSK: A build out of $700/sf is a bit steep even for a restaurant but not unheard of.

Ken Notes: If Madison ever gets a public market, and does it right, it should be able to "grow" some new restaurants and businesses. When I was a mayor, I had a developer who used extremely progressive leases to grow restaurants in his buildings.