There’s a little room here for John Henry, the new owner of the Boston Globe, to still downplay, clarify or backtrack from his comments. But Boston magazine’s quote from Henry sure sounds like he’s made up his mind about moving the newspaper out of its current location on Morrissey Boulevard to somewhere else.
The Herald makes the move sound even more definitive and imminent.
Either way, the news is not too shocking. Henry, also the owner of the Red Sox, has openly talked of possibly moving the Globe and redeveloping the current 16-acre site (hopefully into condos, please).
In a way, Henry would be crazy not to move the Globe. That property is worth tens of millions of dollars for potential redevelopment – and, assuming that money is plowed back into the Globe, it would provide some financial breathing room for the paper.
Hey, the Herald moved out of its long-time Harrison Avenue headquarters a few years ago, ironically outsourcing its printing today to the Globe. The Boston Business Journal also rents offices for its newsroom and other non-print operations in the Financial District, outsourcing its printing to other companies.
The big potential problem for the Globe would be: Where would it print its paper? How many printing presses are there left in the area to print a still relatively large daily newspaper? Would it keep the printing plant at its current location for the time being while developing the rest of the property? And what happens to the Herald if the Globe outsources its printing elsewhere? Where would it be printed?
File under: Questions, questions, questions
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Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs
In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.
For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.
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