Business

Future of E. Cottage warehouse in sight

A tax lien court case begun in 2004 for a 2.75 acre property at 65 East Cottage St. - whose owner owes more than $1.6 million in property tax - appears to be perched once again on the precipice of resolution.

A new buyer, Briggs Capital LLC, now has the property under a purchase and sale agreement with owner Harold Cohen, according to the city's legal department and Cohen himself.  Read more

Port Norfolk Civic considers billboard deal

Plans to erect a new billboard on the Southeastern Expressway stalled this week after Port Norfolk neighbors demanded more time to review the proposal, which would divert an unspecified percentage of profits back into the community in return for their acceptance.  Read more

CVS ousts Tedeschi store, will expand at Lower Mills

The CVS store in Lower Mills will expand its footprint in the Dorchester Avenue building it currently shares with a Tedeschi's convenience store, the Reporter learned this week. The Tedeschi's store will close its doors this weekend, according to sources familiar with the plan. The Tedeschi's store was operating at the location through a sub-lease authorized by CVS, which chose not to renew that lease for the new year, according to Alan Reardon, an executive at Tedeschi's.  Read more

'Change' is in with Retzos Bros.

Brothers Stavros and Ted Retzos, in their new Metamorphosis Lower Mills store: Photo by Ed Forry.Brothers Stavros and Ted Retzos, in their new Metamorphosis Lower Mills store: Photo by Ed Forry.

Lefeeris Retzos' story is a true American tale.  Read more

Investment pays off for Fields Corner shopping center

Fields Corner shopping mallFields Corner shopping mall

Some call it a retail area. Others a strip mall.

To Tom Cifrino, it is the "Fields Station Shopping Center," and for him, it's a family legacy, a Dorchester business begun by his father and uncle almost a century ago.  Read more

Mattapan leaders plan to seek Main Streets designation

In a time of looming economic gloominess, a number of Mattapan business owners are banding together in hopes of winning a city-designated Main Streets district in the new year. Advocates for the idea have set up a working committee to lobby for the city's support for a Mattapan designation. The group met last Tuesday to discuss the pros and cons.  Read more

Morrissey retailer to close doors

National Wholesale Liquidators, the discount retailer that specializes in a no-frills shopping experience, will close its Morrissey Boulevard store in the new year. The company filed for chapter 11 bankruptcy protection on Nov. 10 and has been seeking a buyer since 2006, according to published reports.  Read more

One way to weather the financial storm is to get to know what your banker is up to

Seeking to assure depositors of his bank's stability, Mt Washington Bank President Ed Merritt has invited customers to a series of evening meetings in the lobbies of the bank's branches. This session took place November 12 at the Gallivan Blvd. bank office. Ed Forry photo.  Read more

Small biz owners dig in as hard times take a toll

The recession is beginning to hit local shops according to neighborhood Main Street organizations, though most businesses seem to be holding on as the holiday season begins.

Anecdotal evidence points to a general slowdown in foot traffic, though there has yet to be any rash of store closings.

"I know that the economy is taking its toll," said Evelyn Darling, Fields Corner Main Street program director.  Read more

Neighbors gather to hail openings of Carruth Building, Wainwright Bank

Pictured at ceremonies on Saturday at The Carruth are (from left:) Rep. Linda Dorcena Forry, Renie Smith of City Council President Feeney's office, Liliana Sanchez, Wainwright senior vice president, Chris Douglass of Tavolo, Patrick Lee EVP Trinity Financial, Mayor Menino, Jim Keefe President Trinity, Evelyn Friedman, Chief of Dept of Neighborhood Development and Bill Richard, president of the board of directors of St. Mark's Area Main Streets. By Bijoyeta Das.  Read more