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In $45 Million Sale, Real Estate Firm Acquires Historic Harvard Square Building | News


A former Harvard dormitory building that today houses Harvard Square staples like Pokeworks and OTTO Pizza was purchased last month by Gazit Horizons, Inc. for $45 million.
The 50,000 square foot building, which is located at 1430 Mass. Ave., was purchased in an “off-market transaction” from previous owner University Common Real Estate, which owned the property for more than half a century, according to Gazit’s press release. Gazit Horizons is a subsidiary of global real estate company Gazit-Globe.
The sale occurs against the backdrop of a slew of construction projects springing up in Harvard Square, including renovations of the Harvard Cooperative Society’s flagship store and The Abbot Buildings that previously housed the Curious George Store. ....

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Cambridge Leaders Look to Biden Administration for Renewed Local Support in Growing Crises | News


UPDATED: Jan. 20, 2021 at 5:40 p.m.
During a tumultuous four years under the administration of Donald Trump, local leaders have dealt with the fallout of how its policies trickled down into the lives of Cambridge residents. While Covid-19 and economic fallout raged nationally, the city’s top issues — small business erosion, food insecurity, and homelessness — have all been exacerbated.
Now, as President-elect Joe Biden is set to take office, he has proposed lengthy plans to tackle the nation’s crises. Looking ahead, Cambridge leaders said they have both hopes and demands for renewed local support under a Biden administration.
Under Trump, the Cambridge Community Foundation, a public charity that funds nonprofits around the city, transitioned to devoting its funding to combat the effects of the administration’s “regressive policies,” according to its president, Geeta K. Pradhan. ....

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Harvard Coop Closes Flagship Store for Renovations | News


The Harvard Cooperative Society announced in late December that its flagship Harvard Square store, located at 1400 Massachusetts Ave., will temporarily close for renovations, with plans to reopen in April.
With the flagship store closed, all books and other merchandise have been relocated from the Massachusetts Avenue Coop building to the store s Palmer Street location.
Coop President Jeremiah P. Murphy Jr. ’73 explained that the planning process for the renovations started about a year ago, but it was delayed due to the coronavirus pandemic. A reduction in foot traffic during the pandemic made closing the building the best option to allow for greater efficiency in the renovation process. ....

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